Elo Mutual Pension Insurance Co reduces its stake in Prologis, Inc. (NYSE:PLD)

February 12, 2023

The most recent Form 13F filing that Elo Mutual Pension Insurance Co made with the Securities and Exchange Commission revealed that during the third quarter of 2018, the company’s holdings in Prologis, INC (NYSE: PLD) were reduced by 4.7%.

Elo Mutual Pension Insurance Co provided this information.

The corporation finished the period with a total holding of 55,598 shares of the real estate investment trust stock, having sold 2,732 shares during the period in question.

The most recent disclosure that Elo Mutual Pension Insurance Co made to the Securities and Exchange Commission indicated that the value of its holdings in Prologis was reported to be $5,649,000.

This information was provided to the SEC.

Several other significant investors have been buying and selling company shares for the past few months.

During the second quarter, Northwestern Mutual Wealth Management Company completed a 9.3 percentage point increase in the Prologis stock it owned.

The Northwestern Mutual Wealth Management Co now has a total of 47,860 shares of the real estate investment trust, which are currently valued at $5,631,000, after making an additional purchase of 4,062 shares during the period in question.

This brings the total number of shares held by the company to 47,860.

During the second quarter, Wolverine Asset Management LLC added approximately 564 thousand dollars to its existing holdings in Prologis as part of an expansion of that company’s portfolio. Royal London Asset Management Ltd increased the amount of Prologis stock it directly owned by 1.8% during the year’s second quarter.

As a result of Royal London Asset Management Ltd’s purchase of an additional 5,714 shares during this period, the company now owns a total of 328,770 shares of the real estate investment trust, which has a value of $38,686,000.

This brings the total number of shares owned by the company to 328,770. Core Alternative Capital’s holdings of Prologis stock increased by 46.6% during the third quarter due to the company’s acquisition of additional shares.

As a result of the purchase of an additional 231 shares during the most recent quarter, Core Alternative Capital now has a total of 727 shares of the real estate investment trust, which have a value of $74,000.

This brings the total number of shares Core Alternative Capital owns to 727.
Last but not least, Stephens INC AR increased its holdings in Prologis by 5.0 percent during the third quarter.

This certainly should not be considered the least important development.

After purchasing an additional 1,777 shares during the most recent fiscal quarter, Stephens INC (AR) now has 37,022 shares of the real estate investment trust.

This brings the company’s overall holdings to a total of 37,022 shares.

There is a value of $3,761,000 attached to these shares. Hedge funds and other institutional investors own 75.84% of the total shares.
The company has received feedback from various equity analysts, all of which have been received by the company. JPMorgan Chase & Co lowered their rating for Prologis from “overweight” to “neutral” in a research note released on Friday, December 16, and raised their target price from $124.00 to $130.00.

Evercore ISI disclosed its decision to raise its price target for Prologis to $121.0 in a research report released on November 15.

In a research note published on Monday, October 17, BTIG Research downgraded their “buy” rating on Prologis shares and decreased their price objective on the stock from $193.00 to $152.00.

Both of these moves were made about the stock’s price.

Bank of America published a research note on Monday, October 24, announcing that it would begin covering Prologis.

They suggested a price target of $140.00 per share for the stock and gave the company a “buy” rating. Citigroup announced on Wednesday, December 14, that they had increased their price objective on Prologis to $140.00.

This news was included in a research report that was made public that same day.

A recommendation to sell the stock was made by one analyst, a recommendation to hold it was made by another analyst, a recommendation to buy it was made by fifteen analysts, and a recommendation to strongly buy by one analyst made it.

The findings presented by Bloomberg indicate that the prevalent sentiment towards Prologis stock has shifted to “Moderate Buy,” and the price at which it is anticipated to reach consensus has been set at $155.00.
In related news, on November 28 of this year, Director David P. Oconnor purchased 9,000 shares of the company’s stock.

This information is relevant to the discussion we’ve been having.

The purchasers of the shares paid a weighted average price of $114.13 per share when they were purchasing them, bringing the total cost to $1,027,170.00.

As a direct result of the acquisition, the director now owns 9,000 shares of the company’s stock, with a combined value of approximately $1,027,170.

The director acquired these 9,000 shares.

If you follow this link, you will be brought to the document submitted to the Securities and Exchange Commission regarding the acquisition.

The current percentage of the company’s stock held by company insiders is 0.70 percent.

On Friday during the lunch hour, the price of Prologis stock dropped $2.07, and it was last seen trading at $125.97.

The total number of company stock shares that changed hands was 219,532, a significantly lower volume than the typical daily volume of 2,850,837 shares.

The stock’s moving averages for the past 250 days are currently at $118.23, and the moving average for the past 205 days is currently at $120.10.

Prologis, INC reached its all-time high of $174.54 and its all-time low of $98.03 within the past year.

The enterprise is currently valued at $116.28 billion, which can be attributed to several factors, including its beta value of 0.99, its P/E ratio of 29.43, and its PEG ratio of 3.28.

It’s ideal to have a quick ratio of 0.48, a current ratio of 0.05, and a debt-to-equity ratio of 0.41 in your company’s financial statements.
On January 18, the most recent quarterly earnings report for Prologis (NYSE: PLD) was made public for investors to view.

The real estate investment trust (REIT) reported quarterly earnings of $1.24 per share, which was $0.03 higher than the average estimate of $1.21 per share that market experts made of $1.24 per share, which was $0.03 higher than the average estimate of $1.21 per share that market experts made.

The company’s quarterly revenue came in at $1.75 billion, significantly higher than the analysts’ average estimate of $1.46 billion, which the company surpassed by a wide margin.

The return on equity for Prologis came in at 7.71 percent, and the net margin for the company was 56.33 percent.

The company’s quarterly revenue increased by 37.2% when measured against the results achieved during the same quarter in the preceding year. Compared to the previous year’s results for the same quarter, the company’s earnings per share came in at $1.12. Sell-side research analysts anticipate that Prologis, INC will achieve $5.52 per share earnings for the current financial year.

In addition, the company has just recently announced and disbursed a quarterly dividend, which was paid out on Friday, December 30.

This dividend was just recently declared and distributed. On Monday, December 19, dividend payments were sent out to stockholders whose information was already on file.

The amount of each dividend payment was $0.79 per share.

This results in the shareholder receiving a dividend payment of $3.16 per year and a yield of 2.51% on their investment. On Friday, December 16, shareholders did not receive a portion of this dividend because it had already been distributed.

At this time, Prologis’s dividend payout ratio (also known as DPR) stands at 72.64%.

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