Moody National Bank Trust Division maintained its stake in Prologis, Inc. (NYSE:PLD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,430 shares of the real estate investment trust’s stock at the end of the second quarter. Moody National Bank Trust Division’s holdings in Prologis were worth $963,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of PLD. Creative Planning boosted its stake in Prologis by 13.2% in the first quarter. Creative Planning now owns 2,009 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 234 shares during the last quarter. Guardian Life Insurance Co. of America boosted its stake in Prologis by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,039 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 14 shares during the last quarter. IFP Advisors Inc boosted its stake in Prologis by 10.7% in the first quarter. IFP Advisors Inc now owns 2,249 shares of the real estate investment trust’s stock worth $117,000 after buying an additional 218 shares during the last quarter. Solaris Asset Management LLC boosted its stake in Prologis by 1.8% in the first quarter. Solaris Asset Management LLC now owns 2,825 shares of the real estate investment trust’s stock worth $147,000 after buying an additional 50 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. boosted its stake in Prologis by 82.0% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,718 shares of the real estate investment trust’s stock worth $159,000 after buying an additional 1,225 shares during the last quarter. 95.30% of the stock is owned by institutional investors.
Shares of Prologis, Inc. (PLD) opened at 59.71 on Friday. The firm has a market cap of $31.76 billion, a price-to-earnings ratio of 26.80 and a beta of 0.94. Prologis, Inc. has a 1-year low of $45.93 and a 1-year high of $61.81. The stock has a 50 day moving average of $59.49 and a 200-day moving average of $54.65.
Prologis (NYSE:PLD) last announced its quarterly earnings data on Tuesday, July 18th. The real estate investment trust reported $0.84 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.06. The company had revenue of $766.18 million during the quarter, compared to the consensus estimate of $576 million. Prologis had a net margin of 43.99% and a return on equity of 6.65%. Prologis’s quarterly revenue was up 27.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.60 EPS. Equities analysts anticipate that Prologis, Inc. will post ($0.27) EPS for the current fiscal year.
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A number of equities research analysts recently commented on the stock. Stifel Nicolaus increased their target price on shares of Prologis from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, May 30th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $59.00 price target on shares of Prologis in a report on Thursday, June 8th. Zacks Investment Research raised shares of Prologis from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a report on Wednesday, June 14th. Citigroup Inc. raised their price target on shares of Prologis from $50.00 to $56.00 and gave the stock a “neutral” rating in a report on Tuesday, April 25th. Finally, Bank of America Corporation raised shares of Prologis from a “neutral” rating to a “buy” rating and raised their price target for the stock from $58.00 to $65.00 in a report on Friday, June 23rd. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $59.60.
In other Prologis news, Director Carl B. Webb sold 20,000 shares of the company’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $61.38, for a total transaction of $1,227,600.00. Following the completion of the transaction, the director now owns 66,078 shares in the company, valued at approximately $4,055,867.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Hamid R. Moghadam sold 271,788 shares of the company’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $56.04, for a total transaction of $15,230,999.52. Following the transaction, the chief executive officer now directly owns 36,997 shares in the company, valued at $2,073,311.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 483,807 shares of company stock valued at $27,400,851. 1.31% of the stock is owned by insiders.
Prologis Company Profile
Prologis, Inc is a real estate investment trust (REIT) company. The Company is engaged in logistics real estate business. The Company’s segments include Real Estate Operations and Strategic Capital. The Real estate operations segment consists of rental operations and development. The Company’s strategic capital segment includes asset management services, as well as services performed for unconsolidated co-investment ventures.
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