Prologis, Inc. $PLD Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lessened its stake in Prologis, Inc. (NYSE:PLD) by 12.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 276,234 shares of the real estate investment trust’s stock after selling 39,521 shares during the quarter. Voya Investment Management LLC’s holdings in Prologis were worth $31,634,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Ignite Planners LLC raised its holdings in Prologis by 3.2% in the third quarter. Ignite Planners LLC now owns 2,937 shares of the real estate investment trust’s stock valued at $336,000 after acquiring an additional 92 shares in the last quarter. Stratos Wealth Partners LTD. raised its holdings in shares of Prologis by 0.7% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 13,678 shares of the real estate investment trust’s stock valued at $1,438,000 after purchasing an additional 93 shares in the last quarter. Michael S. Ryan Inc. lifted its position in shares of Prologis by 2.9% during the 2nd quarter. Michael S. Ryan Inc. now owns 3,311 shares of the real estate investment trust’s stock worth $348,000 after purchasing an additional 94 shares during the last quarter. Van Hulzen Asset Management LLC grew its stake in shares of Prologis by 5.6% during the first quarter. Van Hulzen Asset Management LLC now owns 1,799 shares of the real estate investment trust’s stock worth $201,000 after purchasing an additional 96 shares in the last quarter. Finally, Palogic Value Management L.P. increased its holdings in Prologis by 4.7% in the second quarter. Palogic Value Management L.P. now owns 2,130 shares of the real estate investment trust’s stock valued at $224,000 after buying an additional 96 shares during the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Prologis Price Performance

Prologis stock opened at $127.20 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.64 and a quick ratio of 0.64. The business has a 50 day simple moving average of $125.69 and a 200-day simple moving average of $115.37. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $131.70. The stock has a market capitalization of $118.15 billion, a PE ratio of 37.09, a price-to-earnings-growth ratio of 3.91 and a beta of 1.40.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter. The company had revenue of $2.21 billion for the quarter. Prologis had a net margin of 36.71% and a return on equity of 5.55%. Equities analysts predict that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a $1.01 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.2%. Prologis’s payout ratio is 117.78%.

Insiders Place Their Bets

In other Prologis news, Director Cristina Gabriela Bita sold 621 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $127.60, for a total value of $79,239.60. Following the completion of the transaction, the director owned 8,208 shares in the company, valued at approximately $1,047,340.80. This represents a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 1,621 shares of company stock worth $198,655 over the last quarter. Corporate insiders own 0.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Wells Fargo & Company lifted their price target on Prologis from $120.00 to $139.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. Bank of America upgraded Prologis from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $118.00 to $130.00 in a research note on Tuesday, September 16th. Evercore ISI increased their price target on shares of Prologis from $113.00 to $116.00 and gave the company an “in-line” rating in a research note on Thursday, October 16th. Industrial Alliance Securities set a $119.00 price objective on shares of Prologis in a research report on Monday, October 20th. Finally, UBS Group set a $138.00 target price on shares of Prologis in a research report on Thursday, December 4th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $126.88.

About Prologis

Prologis, Inc is a real estate investment trust (REIT) specializing in logistics and distribution facilities. The company focuses on acquiring, developing, and managing high-quality industrial real estate assets that support supply chain infrastructure for third-party logistics providers, e-commerce businesses, retailers and manufacturers. Its portfolio primarily consists of warehouse and distribution centers designed to optimize goods movement and storage near key transportation hubs.

With a global presence, Prologis serves customers across the Americas, Europe and Asia Pacific.