2 weeks Ago By ABMN Staff
Covington Investment Advisors Inc. lessened its holdings in Prologis, Inc. ( NYSE:PLD – Free Report ) by 4.
2% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,208 shares of the real estate investment trust’s stock after selling 1,959 shares during the period. Covington Investment Advisors Inc.
’s holdings in Prologis were worth $5,077,000 as of its most recent SEC filing. Several other large investors also recently added to or reduced their stakes in the business. Arbor Capital Management Inc.
ADV boosted its position in Prologis by 0.8% during the 2nd quarter. Arbor Capital Management Inc.
ADV now owns 11,602 shares of the real estate investment trust’s stock valued at $1,299,000 after buying an additional 87 shares during the period. Mitchell Sinkler & Starr PA raised its stake in shares of Prologis by 5.1% during the second quarter.
Mitchell Sinkler & Starr PA now owns 1,860 shares of the real estate investment trust’s stock valued at $228,000 after acquiring an additional 90 shares during the last quarter. Destination Wealth Management boosted its holdings in shares of Prologis by 4.7% during the second quarter.
Destination Wealth Management now owns 2,033 shares of the real estate investment trust’s stock worth $228,000 after purchasing an additional 92 shares during the period. CVA Family Office LLC grew its stake in shares of Prologis by 21.4% in the first quarter.
CVA Family Office LLC now owns 534 shares of the real estate investment trust’s stock worth $70,000 after purchasing an additional 94 shares during the last quarter. Finally, Tiemann Investment Advisors LLC increased its holdings in Prologis by 2.4% during the 1st quarter.
Tiemann Investment Advisors LLC now owns 4,218 shares of the real estate investment trust’s stock valued at $549,000 after purchasing an additional 100 shares during the period. Institutional investors own 93.50% of the company’s stock.
Insider Activity at Prologis In other Prologis news, CIO Joseph Ghazal sold 5,200 shares of Prologis stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $129.07, for a total value of $671,164.
00. Following the completion of the sale, the executive now owns 13,187 shares of the company’s stock, valued at approximately $1,702,046.09.
The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website . 0.50% of the stock is currently owned by insiders.
Analysts Set New Price Targets View Our Latest Stock Report on PLD Prologis Trading Up 0.3 % NYSE PLD opened at $125.59 on Monday.
Prologis, Inc. has a 12 month low of $96.64 and a 12 month high of $137.
52. The company has a current ratio of 0.36, a quick ratio of 0.
36 and a debt-to-equity ratio of 0.52. The stock’s fifty day moving average price is $125.
83 and its 200-day moving average price is $118.26. The stock has a market cap of $116.
28 billion, a P/E ratio of 36.72, a P/E/G ratio of 3.25 and a beta of 1.
07. Prologis ( NYSE:PLD – Get Free Report ) last announced its quarterly earnings data on Wednesday, July 17th. The real estate investment trust reported $0.
92 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.41).
The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.86 billion.
Prologis had a net margin of 36.37% and a return on equity of 4.88%.
The business’s revenue for the quarter was down 18.1% compared to the same quarter last year. During the same period last year, the company posted $1.
83 earnings per share. As a group, equities analysts forecast that Prologis, Inc. will post 5.
42 EPS for the current fiscal year. Prologis Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a $0.
96 dividend. The ex-dividend date is Monday, September 16th. This represents a $3.
84 dividend on an annualized basis and a yield of 3.06%. Prologis’s payout ratio is currently 112.
28%. Prologis Company Profile ( Free Report ) Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At March 31, 2024, 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 1.
2 billion square feet (115 million square meters) in 19 countries. See Also Receive News & Ratings for Prologis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prologis and related companies with MarketBeat.com's FREE daily email newsletter .
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