Ferguson Wellman Capital Management Inc. lowered its position in Prologis, Inc. (NYSE:PLD) by 3.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,405 shares of the real estate investment trust’s stock after selling 240 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Prologis were worth $434,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Creative Planning increased its stake in shares of Prologis by 13.2% in the first quarter. Creative Planning now owns 2,009 shares of the real estate investment trust’s stock valued at $104,000 after buying an additional 234 shares during the period. Guardian Life Insurance Co. of America increased its stake in shares of Prologis by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,039 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 14 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Prologis by 10.7% in the first quarter. IFP Advisors Inc now owns 2,249 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 218 shares during the last quarter. Solaris Asset Management LLC increased its stake in shares of Prologis by 1.8% in the first quarter. Solaris Asset Management LLC now owns 2,825 shares of the real estate investment trust’s stock valued at $147,000 after buying an additional 50 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. increased its stake in shares of Prologis by 82.0% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,718 shares of the real estate investment trust’s stock valued at $159,000 after buying an additional 1,225 shares during the last quarter. 95.30% of the stock is currently owned by institutional investors.

Shares of Prologis, Inc. (NYSE PLD) traded down 0.38% on Friday, hitting $59.71. The stock had a trading volume of 1,746,987 shares. Prologis, Inc. has a 12-month low of $45.93 and a 12-month high of $61.81. The firm has a market capitalization of $31.76 billion, a P/E ratio of 26.80 and a beta of 0.94. The company has a 50 day moving average of $59.49 and a 200-day moving average of $54.65.

Prologis (NYSE:PLD) last posted its earnings results on Tuesday, July 18th. The real estate investment trust reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.06. The business had revenue of $766.18 million for the quarter, compared to analyst estimates of $576 million. Prologis had a net margin of 43.99% and a return on equity of 6.65%. Prologis’s revenue was up 27.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 EPS. Equities analysts predict that Prologis, Inc. will post ($0.27) EPS for the current fiscal year.

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Several equities analysts have recently issued reports on PLD shares. Evercore ISI lifted their price target on Prologis from $58.00 to $59.00 and gave the company an “outperform” rating in a research report on Wednesday, April 19th. Zacks Investment Research cut Prologis from a “buy” rating to a “hold” rating in a report on Thursday, April 20th. Citigroup Inc. raised their target price on Prologis from $50.00 to $56.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 25th. Stifel Nicolaus raised their target price on Prologis from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, May 30th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $59.00 target price on shares of Prologis in a research report on Thursday, June 8th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Prologis currently has an average rating of “Buy” and a consensus target price of $59.60.

In other Prologis news, Director Carl B. Webb sold 20,000 shares of the stock in a transaction on Friday, July 28th. The shares were sold at an average price of $61.38, for a total transaction of $1,227,600.00. Following the completion of the sale, the director now owns 66,078 shares of the company’s stock, valued at approximately $4,055,867.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Edward S. Nekritz sold 25,000 shares of the stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $55.31, for a total transaction of $1,382,750.00. Following the sale, the insider now directly owns 199,950 shares of the company’s stock, valued at approximately $11,059,234.50. The disclosure for this sale can be found here. Insiders sold a total of 483,807 shares of company stock worth $27,400,851 in the last three months. Insiders own 1.31% of the company’s stock.

Prologis Company Profile

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.

Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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