Asset Management One Co. Ltd. lifted its stake in shares of Prologis Inc (NYSE:PLD) by 4.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,140,712 shares of the real estate investment trust’s stock after purchasing an additional 90,303 shares during the period. Asset Management One Co. Ltd. owned 0.40% of Prologis worth $135,955,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of PLD. Creative Planning grew its stake in Prologis by 3.4% in the 2nd quarter. Creative Planning now owns 2,078 shares of the real estate investment trust’s stock valued at $122,000 after buying an additional 69 shares in the last quarter. Evercore Wealth Management LLC grew its stake in Prologis by 18.2% in the 2nd quarter. Evercore Wealth Management LLC now owns 2,270 shares of the real estate investment trust’s stock valued at $134,000 after buying an additional 350 shares in the last quarter. Solaris Asset Management LLC grew its stake in Prologis by 11.0% in the 2nd quarter. Solaris Asset Management LLC now owns 3,135 shares of the real estate investment trust’s stock valued at $184,000 after buying an additional 310 shares in the last quarter. IFP Advisors Inc grew its stake in Prologis by 40.7% in the 2nd quarter. IFP Advisors Inc now owns 3,164 shares of the real estate investment trust’s stock valued at $186,000 after buying an additional 915 shares in the last quarter. Finally, ETF Managers Group LLC purchased a new position in Prologis in the 2nd quarter valued at approximately $193,000. Institutional investors own 95.57% of the company’s stock.
In other news, CEO Eugene F. Reilly sold 18,000 shares of Prologis stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $66.55, for a total transaction of $1,197,900.00. Following the completion of the sale, the chief executive officer now directly owns 63,365 shares of the company’s stock, valued at approximately $4,216,940.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Eugene F. Reilly sold 15,000 shares of Prologis stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $66.61, for a total transaction of $999,150.00. Following the sale, the chief executive officer now directly owns 63,365 shares of the company’s stock, valued at $4,220,742.65. The disclosure for this sale can be found here. Insiders own 1.31% of the company’s stock.
Prologis Inc (NYSE:PLD) traded down $1.50 on Wednesday, hitting $64.44. 2,242,400 shares of the stock were exchanged, compared to its average volume of 2,405,645. The stock has a market cap of $35,085.49, a price-to-earnings ratio of 23.81, a P/E/G ratio of 4.34 and a beta of 0.91. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.80 and a quick ratio of 0.80. Prologis Inc has a 12-month low of $48.33 and a 12-month high of $67.53.
Prologis (NYSE:PLD) last released its quarterly earnings results on Tuesday, October 17th. The real estate investment trust reported $0.67 EPS for the quarter, meeting analysts’ consensus estimates of $0.67. The firm had revenue of $531.18 million during the quarter, compared to analyst estimates of $573.68 million. Prologis had a net margin of 68.50% and a return on equity of 9.93%. The business’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.14 EPS. research analysts forecast that Prologis Inc will post 2.8 earnings per share for the current year.
A number of research firms recently weighed in on PLD. Jefferies Group reiterated a “hold” rating and issued a $66.00 price objective (up from $59.00) on shares of Prologis in a research note on Thursday, August 24th. BidaskClub upgraded shares of Prologis from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 18th. BTIG Research restated a “buy” rating and set a $68.00 price target (up from $62.00) on shares of Prologis in a research report on Wednesday, September 27th. Zacks Investment Research upgraded shares of Prologis from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research report on Monday, September 25th. Finally, SunTrust Banks restated a “buy” rating and set a $68.00 price target on shares of Prologis in a research report on Thursday, October 12th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $66.31.
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Prologis, Inc is a real estate investment trust (REIT) company. The Company is engaged in logistics real estate business. The Company’s segments include Real Estate Operations and Strategic Capital. The Real estate operations segment consists of rental operations and development. The Company’s strategic capital segment includes asset management services, as well as services performed for unconsolidated co-investment ventures.
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