Prologis Inc (PLD) Holding Boosted by Lourd Capital LLC

Prologis Inc (PLD) Holding Boosted by Lourd Capital LLC

Lourd Capital LLC boosted its holdings in shares of Prologis Inc (NYSE:PLD) by 18.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,992 shares of the real estate investment trust’s stock after acquiring an additional 1,837 shares during the quarter. Lourd Capital LLC’s holdings in Prologis were worth $813,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. CAMG Solamere Management LLC raised its position in Prologis by 1.6% during the 1st quarter. CAMG Solamere Management LLC now owns 60,446 shares of the real estate investment trust’s stock valued at $3,807,000 after purchasing an additional 952 shares in the last quarter. BB&T Securities LLC raised its position in Prologis by 24.9% during the 1st quarter. BB&T Securities LLC now owns 4,806 shares of the real estate investment trust’s stock valued at $302,000 after purchasing an additional 957 shares in the last quarter. Bourgeon Capital Management LLC raised its position in Prologis by 1.9% during the 2nd quarter. Bourgeon Capital Management LLC now owns 52,950 shares of the real estate investment trust’s stock valued at $3,478,000 after purchasing an additional 970 shares in the last quarter. Advisors Preferred LLC raised its position in Prologis by 141.1% during the 2nd quarter. Advisors Preferred LLC now owns 1,685 shares of the real estate investment trust’s stock valued at $111,000 after purchasing an additional 986 shares in the last quarter. Finally, State Treasurer State of Michigan raised its position in Prologis by 0.6% during the 2nd quarter. State Treasurer State of Michigan now owns 157,917 shares of the real estate investment trust’s stock valued at $10,374,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors own 80.59% of the company’s stock.

In other news, Director Irving F. Lyons III sold 4,808 shares of the business’s stock in a transaction on Friday, September 28th. The stock was sold at an average price of $67.45, for a total value of $324,299.60. Following the completion of the transaction, the director now directly owns 9,863 shares of the company’s stock, valued at approximately $665,259.35. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director William D. Zollars sold 8,020 shares of the business’s stock in a transaction on Monday, July 23rd. The stock was sold at an average price of $62.45, for a total value of $500,849.00. Following the completion of the transaction, the director now directly owns 11,490 shares of the company’s stock, valued at $717,550.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,690 shares of company stock valued at $3,501,582. Corporate insiders own 1.32% of the company’s stock.

PLD opened at $67.06 on Wednesday. The firm has a market capitalization of $42.67 billion, a PE ratio of 23.86, a P/E/G ratio of 4.43 and a beta of 0.72. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73 and a quick ratio of 0.73. Prologis Inc has a 12 month low of $58.28 and a 12 month high of $68.20.

Prologis (NYSE:PLD) last released its quarterly earnings results on Tuesday, July 17th. The real estate investment trust reported $0.71 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.71. The firm had revenue of $621.00 million during the quarter, compared to analyst estimates of $557.43 million. Prologis had a return on equity of 10.11% and a net margin of 74.17%. The business’s revenue for the quarter was down 18.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.84 EPS. Research analysts expect that Prologis Inc will post 3.01 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Monday, September 17th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend was Friday, September 14th. Prologis’s payout ratio is 68.33%.

A number of brokerages have weighed in on PLD. Zacks Investment Research lowered Prologis from a “buy” rating to a “hold” rating in a research report on Tuesday, July 3rd. Jefferies Financial Group reaffirmed a “$62.97” rating and set a $79.00 target price on shares of Prologis in a research report on Wednesday, July 18th. ValuEngine raised Prologis from a “hold” rating to a “buy” rating in a research report on Thursday, July 5th. Robert W. Baird reaffirmed a “buy” rating and set a $73.00 target price on shares of Prologis in a research report on Monday, July 23rd. Finally, SunTrust Banks set a $70.00 target price on Prologis and gave the company a “buy” rating in a research report on Tuesday, August 7th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Prologis has an average rating of “Buy” and a consensus target price of $71.53.

About Prologis

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of June 30, 2018, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 685 million square feet (64 million square meters) in 19 countries.

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