EFG Asset Management Americas Corp. acquired a new stake in shares of Prologis Inc (NYSE:PLD) during the fourth quarter, Holdings Channel reports. The fund acquired 4,315 shares of the real estate investment trust’s stock, valued at approximately $278,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. APG Asset Management US Inc. lifted its stake in Prologis by 8.0% in the third quarter. APG Asset Management US Inc. now owns 17,942,319 shares of the real estate investment trust’s stock valued at $1,138,620,000 after acquiring an additional 1,330,850 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Prologis by 4.1% in the third quarter. JPMorgan Chase & Co. now owns 11,786,598 shares of the real estate investment trust’s stock valued at $749,039,000 after acquiring an additional 463,559 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Prologis by 1.3% in the third quarter. Bank of New York Mellon Corp now owns 11,107,980 shares of the real estate investment trust’s stock valued at $704,913,000 after acquiring an additional 146,077 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Prologis by 1.7% in the third quarter. Principal Financial Group Inc. now owns 10,377,260 shares of the real estate investment trust’s stock valued at $658,542,000 after acquiring an additional 171,944 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Prologis by 1.9% in the third quarter. Dimensional Fund Advisors LP now owns 7,505,224 shares of the real estate investment trust’s stock valued at $476,282,000 after acquiring an additional 137,807 shares during the last quarter. 95.17% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have issued reports on PLD. BMO Capital Markets set a $69.00 target price on shares of Prologis and gave the company a “buy” rating in a research note on Tuesday, October 17th. Barclays lifted their target price on shares of Prologis from $61.00 to $64.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. Robert W. Baird lifted their target price on shares of Prologis from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Jefferies Group reiterated a “neutral” rating on shares of Prologis in a research note on Wednesday, January 24th. Finally, KeyCorp lifted their target price on shares of Prologis from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Prologis presently has an average rating of “Buy” and an average target price of $67.06.

In other news, CFO Thomas S. Olinger sold 46,200 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $66.33, for a total value of $3,064,446.00. Following the completion of the sale, the chief financial officer now directly owns 36,325 shares in the company, valued at $2,409,437.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William D. Zollars sold 4,020 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $60.48, for a total transaction of $243,129.60. Following the completion of the sale, the director now owns 20,225 shares of the company’s stock, valued at $1,223,208. The disclosure for this sale can be found here. Insiders sold 103,872 shares of company stock valued at $6,843,648 over the last 90 days. 1.31% of the stock is owned by corporate insiders.

Shares of Prologis Inc (PLD) opened at $60.15 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.35 and a quick ratio of 0.80. Prologis Inc has a one year low of $48.80 and a one year high of $67.53. The firm has a market cap of $32,102.30, a price-to-earnings ratio of 21.47, a PEG ratio of 3.84 and a beta of 0.83.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Tuesday, January 23rd. The real estate investment trust reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.01. Prologis had a net margin of 63.11% and a return on equity of 9.11%. The business had revenue of $550.65 million during the quarter, compared to analysts’ expectations of $533.54 million. During the same period in the previous year, the company earned $0.63 earnings per share. Prologis’s revenue for the quarter was down 1.6% on a year-over-year basis. research analysts anticipate that Prologis Inc will post 2.9 EPS for the current fiscal year.

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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.

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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