In the most recent Form 13F filing that Metropolitan Life Insurance Company of New York made with the Securities and Exchange Commission, the company stated that during the third quarter, the company’s interest in Prologis, INC (NYSE: PLD) was reduced by 13.5%. (SEC).
The fund ended the period with 66,153 shares of the real estate investment trust stock despite having sold 10,299 shares during the quarter.
The Metropolitan Life Insurance Company indicated in its most recent report to the Securities and Exchange Commission that the value of its holdings in Prologis was $6,721,000.
This information was included in the report. (SEC).
In the most recent few months, several well-known investors have changed the proportion of the company’s stock they currently own.
The Northwestern Mutual Wealth Management Co increased the proportion of Prologis stock owned by 9.3 percent during the second quarter.
After purchasing an additional 4,062 shares during the most recent quarter, Northwestern Mutual Wealth Management Co now has a total ownership stake of 47,860 shares of the real estate investment trust, valued at $5,631,000. Wolverine Asset Management LLC initiated a new position in Prologis during the second quarter by purchasing shares for approximately 564 thousand dollars to start the position. Royal London Asset Management Ltd increased the amount of Prologis stock it directly owned by 1.8% during the year’s second quarter. Royal London Asset Management Ltd now owns a total of 328,770 shares of the real estate investment trust thanks to purchasing an additional 5,714 shares during this time.
This gives the company a value of $38,686,000.
During the third quarter, Core Alternative Capital achieved a 46.6% increase in the proportion of Prologis stock it owned. Core Alternative Capital is now the owner of a total of 727 shares held by the real estate investment trust due to its recent purchase of an additional 231 shares during the most recent period.
The value of these 727 shares is equivalent to $74,000.
Last but not least, Stephens INC AR increased the percentage of Prologis holdings that it owned by 5.0 percent during the third quarter. Following the acquisition of a further 1,777 shares during the period in question, Stephens INC AR now holds 37,022 real estate investment trust shares, collectively valued at a sum equal to $3,761,000.
Institutional investors hold 75.84 percent of the company’s shares, making up the total percentage.
Recent studies have focused their attention on PLD, resulting in multiple investigations into the phenomenon. Citigroup announced, in a research note made public on December 14, that they had increased their price target on Prologis to $140.00.
Bank of America published a research note on Monday, October 24, announcing that it would begin covering Prologis.
They recommend “buying” the stock and have determined that it should be priced at $140.00 at some point in the future.
In a research report published on Monday, January 23, Morgan Stanley reaffirmed their “overweight” rating on the company’s stock and increased their price objective on Prologis from $120.00 to $128.00.
In a research report released on Wednesday, December 14, Wells Fargo & Company announced a raise in their target price for Prologis, bringing it up to $140.00.
In a research note released on Thursday, January 26, Truist Financial boosted their target price on Prologis from $135.00 to $140.00, giving the company a “buy” rating.
This was the final piece of information about the company. One hold rating, sixteen buy ratings, and one strong buy recommendation has been given to the company by equity research analysts.
The company has been given one stock rating, one hold rating, and sixteen buy ratings.
According to information provided by Bloomberg, the consensus recommendation for the firm is a “Moderate Buy,” and the price target has been set at $145.00.
On Friday, the price of PLD shares fell $1.48, reaching $124.31 in trading. Only 420,150 shares were traded by the company, significantly lower than its daily average volume of 2,707,977 shares.
The company has seen a simple moving average of $121.28 over the past 50 days and a simple moving average of $118.17 over the last 200 days.
The company has a price-to-earnings ratio of 28.92, a price-to-earnings-growth ratio of 3.23, and a beta value of 0.99.
Its market capitalization is $144.79 billion8, reaching $124.31 in trading. Only 420,150 shares were traded by the company, significantly lower than its daily average volume of 2,707,977 shares.
The company has seen a simple moving average of $121.28 over the past 50 days and a simple moving average of $118.17 over the last 200 days.
The company has a price-to-earnings ratio of 28.92, a price-to-earnings-growth ratio of 3.23, and a beta value of 0.99.
Its market capitalization is $144.79 billion.
A debt-to-equity ratio comes in at 0.41; a quick ratio comes in at 0.48; a current ratio comes in at 0.16; and a quick ratio comes in at 0.16.
Prologis, INC reached its all-time high of $174.54 and its all-time low of $98.03 within the past year.
The financial results report for Prologis (NYSE: PLD) was made available on January 18.
The real estate investment trust (REIT) reported earnings per share for the quarter at $1.24, which was $0.03 more than the analysts’ consensus estimate of $1.21.
The return on equity for Prologis came in at 7.71 percent, and the net margin for the company was 56.33 percent. However, the actual revenue the company brought in for the quarter was $1.75 billion, which is significantly higher than the $1.46 billion analysts predicted it would bring in for the period.
The corporation reported a profit of $1.12 per share during the same period the year before compared to the current year. Compared to the previous year, the company’s quarterly sales experienced an annual growth rate of 37.2% higher.
Prologis, INC is projected to achieve earnings of 5.52 cents per share in 2018, according to projections made available by sell-side research analysts.
In addition, the company announced the payment of a quarterly dividend, which was disbursed the next day, on December 30. On Monday, December 19, shareholders of record were each given a dividend payment of $0.79.
This payment was made.
A calculation performed annually reveals that this equates to a dividend payment of $3.16 and a yield of 2.54%. On Friday, December 16, the day had come and gone when customers were expected to pay the dividend.
The percentage of earnings distributed as dividends by Prologis currently stands at 72.64%.
In related news, Prologis director David P. Oconnor purchased 9,000 shares of the company’s stock on November 28.
This is an additional development concerning the logistics provider.
The shares were acquired throughout the acquisition at an average price of $114.13 per share, bringing the total cost to $1,027,170.00.
As a direct result of the acquisition, the director is now the direct owner of 9,000 shares of the company’s stock.
These 9,000 shares have a combined value of approximately $1,027.170, making the director’s total investment in the company approximately $1,027.170. When you click on this link, you will be taken to a legal file that contains information on the acquisition.
This file was submitted to the SEC and will automatically send to you there. Seventy-one point zero percent of the total number of shares of stock in the company are owned by company insiders.
