Mogy Joel R Investment Counsel Inc. lifted its position in shares of Prologis, Inc. (NYSE:PLD) by 165.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,495 shares of the real estate investment trust’s stock after acquiring an additional 23,350 shares during the quarter. Mogy Joel R Investment Counsel Inc.’s holdings in Prologis were worth $2,379,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Creative Planning boosted its stake in shares of Prologis by 3.4% during the 2nd quarter. Creative Planning now owns 2,078 shares of the real estate investment trust’s stock worth $122,000 after acquiring an additional 69 shares in the last quarter. Evercore Wealth Management LLC boosted its stake in shares of Prologis by 18.2% during the 2nd quarter. Evercore Wealth Management LLC now owns 2,270 shares of the real estate investment trust’s stock worth $134,000 after acquiring an additional 350 shares in the last quarter. Solaris Asset Management LLC boosted its stake in shares of Prologis by 11.0% during the 2nd quarter. Solaris Asset Management LLC now owns 3,135 shares of the real estate investment trust’s stock worth $184,000 after acquiring an additional 310 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Prologis by 40.7% during the 2nd quarter. IFP Advisors Inc now owns 3,164 shares of the real estate investment trust’s stock worth $186,000 after acquiring an additional 915 shares in the last quarter. Finally, ETF Managers Group LLC purchased a new stake in shares of Prologis during the 2nd quarter worth approximately $193,000. 95.15% of the stock is currently owned by institutional investors and hedge funds.

Prologis, Inc. (NYSE:PLD) traded down $0.51 during mid-day trading on Thursday, reaching $66.89. The company had a trading volume of 1,269,600 shares, compared to its average volume of 2,426,945. Prologis, Inc. has a 12-month low of $46.33 and a 12-month high of $67.53. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.53. The stock has a market cap of $35,862.32, a price-to-earnings ratio of 24.33, a P/E/G ratio of 4.52 and a beta of 0.92.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Tuesday, October 17th. The real estate investment trust reported $0.67 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.67. The company had revenue of $531.18 million during the quarter, compared to the consensus estimate of $573.68 million. Prologis had a return on equity of 9.93% and a net margin of 68.50%. Prologis’s revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 EPS. analysts anticipate that Prologis, Inc. will post 2.8 EPS for the current year.

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Several equities research analysts have recently commented on PLD shares. Zacks Investment Research raised Prologis from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research note on Monday, September 25th. Stifel Nicolaus reissued a “buy” rating and set a $65.00 price target on shares of Prologis in a research note on Thursday, September 21st. BidaskClub raised Prologis from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. SunTrust Banks, Inc. raised Prologis from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research note on Tuesday, September 5th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $65.00 target price on shares of Prologis in a research note on Sunday, August 27th. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Prologis has an average rating of “Buy” and a consensus target price of $65.50.

About Prologis

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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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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