Achmea Investment Management B.V. trimmed its position in shares of Prologis Inc (NYSE:PLD) by 36.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 93,791 shares of the real estate investment trust’s stock after selling 53,050 shares during the quarter. Achmea Investment Management B.V.’s holdings in Prologis were worth $6,355,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. Quadrant Capital Group LLC boosted its position in Prologis by 48.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 2,507 shares of the real estate investment trust’s stock valued at $158,000 after acquiring an additional 821 shares in the last quarter. Checchi Capital Advisers LLC boosted its position in Prologis by 17.2% during the 3rd quarter. Checchi Capital Advisers LLC now owns 6,287 shares of the real estate investment trust’s stock valued at $426,000 after acquiring an additional 924 shares in the last quarter. Creative Planning boosted its position in Prologis by 14.4% during the 3rd quarter. Creative Planning now owns 7,368 shares of the real estate investment trust’s stock valued at $499,000 after acquiring an additional 927 shares in the last quarter. Bourgeon Capital Management LLC boosted its position in Prologis by 1.9% during the 2nd quarter. Bourgeon Capital Management LLC now owns 52,950 shares of the real estate investment trust’s stock valued at $3,478,000 after acquiring an additional 970 shares in the last quarter. Finally, Advisors Preferred LLC boosted its position in Prologis by 141.1% during the 2nd quarter. Advisors Preferred LLC now owns 1,685 shares of the real estate investment trust’s stock valued at $111,000 after acquiring an additional 986 shares in the last quarter. 81.38% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Irving F. Lyons III sold 4,808 shares of the business’s stock in a transaction that occurred on Friday, September 28th. The shares were sold at an average price of $67.45, for a total value of $324,299.60. Following the completion of the transaction, the director now directly owns 9,863 shares in the company, valued at approximately $665,259.35. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Edward S. Nekritz sold 18,099 shares of the business’s stock in a transaction that occurred on Friday, September 21st. The stock was sold at an average price of $67.66, for a total transaction of $1,224,578.34. Following the completion of the transaction, the insider now owns 106,102 shares of the company’s stock, valued at $7,178,861.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,907 shares of company stock worth $2,556,878. Insiders own 1.31% of the company’s stock.
Several research firms have weighed in on PLD. Zacks Investment Research cut Prologis from a “buy” rating to a “hold” rating in a research report on Tuesday, September 18th. Bank of America lifted their price objective on Prologis from $72.00 to $73.00 and gave the company a “buy” rating in a research report on Monday, September 10th. Barclays boosted their price target on Prologis from $71.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday, August 2nd. SunTrust Banks set a $70.00 price target on Prologis and gave the stock a “buy” rating in a research report on Tuesday, August 7th. Finally, ValuEngine raised Prologis from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $71.93.
Shares of PLD opened at $67.57 on Friday. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.44. Prologis Inc has a 52 week low of $58.28 and a 52 week high of $68.20. The company has a market capitalization of $41.49 billion, a PE ratio of 24.05, a P/E/G ratio of 4.34 and a beta of 0.71.
Prologis (NYSE:PLD) last issued its quarterly earnings results on Tuesday, October 16th. The real estate investment trust reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. Prologis had a return on equity of 6.65% and a net margin of 51.66%. The firm had revenue of $611.00 million for the quarter, compared to analysts’ expectations of $582.23 million. During the same period in the previous year, the firm posted $1.63 EPS. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. As a group, analysts forecast that Prologis Inc will post 3.02 earnings per share for the current fiscal year.
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Prologis Company Profile
Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of June 30, 2018, 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 685 million square feet (64 million square meters) in 19 countries.
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