US Bancorp DE boosted its position in shares of Prologis Inc (NYSE:PLD) by 9.4% during the 3rd quarter, Holdings Channel reports. The firm owned 131,853 shares of the real estate investment trust’s stock after acquiring an additional 11,298 shares during the quarter. US Bancorp DE’s holdings in Prologis were worth $8,939,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Livforsakringsbolaget Skandia Omsesidigt grew its position in Prologis by 18.6% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 9,579 shares of the real estate investment trust’s stock valued at $629,000 after acquiring an additional 1,500 shares during the period. Xact Kapitalforvaltning AB grew its position in Prologis by 16.2% in the second quarter. Xact Kapitalforvaltning AB now owns 183,274 shares of the real estate investment trust’s stock valued at $12,039,000 after acquiring an additional 25,568 shares during the period. First Citizens Bank & Trust Co. bought a new stake in Prologis in the second quarter valued at $225,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Prologis by 4.7% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 154,635 shares of the real estate investment trust’s stock valued at $10,158,000 after acquiring an additional 7,003 shares during the period. Finally, Columbia Partners L L C Investment Management grew its position in Prologis by 658.6% in the second quarter. Columbia Partners L L C Investment Management now owns 26,954 shares of the real estate investment trust’s stock valued at $1,770,000 after acquiring an additional 23,401 shares during the period. Institutional investors own 81.38% of the company’s stock.

Prologis stock 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. The firm has a market capitalization of $42.23 billion, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 4.42 and a beta of 0.71. Prologis Inc has a 52 week low of $58.28 and a 52 week high of $68.20.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Tuesday, October 16th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.01. Prologis had a return on equity of 6.65% and a net margin of 51.66%. The business had revenue of $611.00 million for the quarter, compared to analyst estimates of $582.23 million. During the same quarter in the prior year, the firm posted $1.63 earnings per share. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. Research analysts anticipate that Prologis Inc will post 3.02 earnings per share for the current year.

In other news, insider Edward S. Nekritz sold 18,099 shares of the company’s stock in a transaction 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 transaction, the insider now owns 106,102 shares of the company’s stock, valued at $7,178,861.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Eugene F. Reilly sold 15,000 shares of the company’s stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $67.20, for a total value of $1,008,000.00. Following the transaction, the chief executive officer now directly owns 36,685 shares in the company, valued at approximately $2,465,232. The disclosure for this sale can be found here. Insiders have sold 37,907 shares of company stock worth $2,556,878 in the last ninety days. 1.31% of the stock is currently owned by insiders.

A number of equities analysts have commented on the company. BMO Capital Markets reissued a “buy” rating and issued a $70.00 price objective on shares of Prologis in a research note on Tuesday, October 16th. Barclays boosted their price objective on Prologis from $71.00 to $73.00 and gave the stock an “overweight” rating in a research note on Thursday, August 2nd. Zacks Investment Research raised Prologis from a “sell” rating to a “hold” rating in a research note on Wednesday, July 18th. BTIG Research set a $73.00 price objective on Prologis and gave the stock a “buy” rating in a research note on Thursday, August 23rd. Finally, ValuEngine lowered Prologis from a “buy” rating to a “hold” rating in a research note on Thursday, July 19th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $71.93.

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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.

Further Reading: Understanding Market Liquidity

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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