Umpqua Bank Has $633,000 Stock Holdings in Prologis, Inc. (NYSE:PLD)

Umpqua Bank raised its stake in Prologis, Inc. (NYSE:PLD) by 3.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,015 shares of the real estate investment trust’s stock after buying an additional 180 shares during the period. Umpqua Bank’s holdings in Prologis were worth $633,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. American Capital Advisory LLC bought a new stake in shares of Prologis in the 2nd quarter valued at $26,000. Semmax Financial Advisors Inc. bought a new stake in Prologis during the 2nd quarter valued at $27,000. Central Valley Advisors LLC bought a new position in shares of Prologis in the second quarter valued at $29,000. Sunbelt Securities Inc. increased its position in shares of Prologis by 640.0% during the second quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 224 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. acquired a new stake in shares of Prologis in the 2nd quarter worth about $31,000. 93.50% of the stock is currently owned by institutional investors.

Insider Activity at Prologis

In other Prologis news, CIO Joseph Ghazal sold 5,200 shares of the firm’s 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 directly owns 13,187 shares of the company’s stock, valued at $1,702,046.09. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.56% of the stock is owned by corporate insiders.

Prologis Trading Down 0.8 %

NYSE PLD traded down $0.87 on Wednesday, hitting $113.56. 194,253 shares of the stock were exchanged, compared to its average volume of 3,627,069. Prologis, Inc. has a 52-week low of $101.11 and a 52-week high of $137.52. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.43 and a current ratio of 0.43. The firm has a market capitalization of $105.18 billion, a P/E ratio of 34.56, a P/E/G ratio of 2.97 and a beta of 1.08. The stock has a fifty day moving average price of $123.42 and a two-hundred day moving average price of $117.55.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.29). The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Prologis had a return on equity of 5.34% and a net margin of 39.08%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.30 EPS. Research analysts forecast that Prologis, Inc. will post 5.45 EPS for the current fiscal year.

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a $0.96 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $3.84 dividend on an annualized basis and a yield of 3.38%. Prologis’s dividend payout ratio is currently 116.01%.

Analyst Ratings Changes

A number of research firms recently commented on PLD. Evercore ISI increased their price target on Prologis from $124.00 to $128.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $132.00 target price (down previously from $142.00) on shares of Prologis in a research note on Monday, October 21st. Bank of America restated a “neutral” rating and set a $128.00 target price on shares of Prologis in a research report on Monday, August 12th. StockNews.com upgraded shares of Prologis from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th. Finally, Barclays decreased their price target on shares of Prologis from $142.00 to $131.00 and set an “overweight” rating on the stock in a report on Thursday, October 10th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Prologis has a consensus rating of “Moderate Buy” and a consensus target price of $131.12.

Prologis Profile

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.