YHB Investment Advisors Inc. cut its position in shares of Prologis, Inc. (NYSE:PLD) by 12.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,884 shares of the real estate investment trust’s stock after selling 2,566 shares during the quarter. YHB Investment Advisors Inc.’s holdings in Prologis were worth $1,198,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in PLD. Fox Run Management L.L.C. bought a new stake in Prologis in the second quarter worth about $416,000. NN Investment Partners Holdings N.V. raised its position in shares of Prologis by 324.9% in the second quarter. NN Investment Partners Holdings N.V. now owns 124,061 shares of the real estate investment trust’s stock valued at $7,277,000 after purchasing an additional 94,864 shares during the period. Creative Planning raised its position in shares of Prologis by 3.4% in the second quarter. Creative Planning now owns 2,078 shares of the real estate investment trust’s stock valued at $122,000 after purchasing an additional 69 shares during the period. Meeder Asset Management Inc. raised its position in shares of Prologis by 1,002.2% in the second quarter. Meeder Asset Management Inc. now owns 14,857 shares of the real estate investment trust’s stock valued at $871,000 after purchasing an additional 13,509 shares during the period. Finally, Eqis Capital Management Inc. bought a new stake in shares of Prologis in the second quarter valued at approximately $255,000. 95.74% of the stock is currently owned by institutional investors and hedge funds.
PLD has been the topic of several research reports. Evercore ISI reissued an “outperform” rating and issued a $64.00 price target (up previously from $61.00) on shares of Prologis in a research report on Friday, July 21st. SunTrust Banks, Inc. raised shares of Prologis from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Tuesday, September 5th. KeyCorp reissued a “buy” rating and issued a $65.00 price target on shares of Prologis in a research report on Sunday, August 27th. BMO Capital Markets began coverage on shares of Prologis in a research report on Monday, September 11th. They issued an “outperform” rating and a $69.00 price target on the stock. Finally, BidaskClub lowered shares of Prologis from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Prologis presently has a consensus rating of “Buy” and a consensus price target of $65.50.
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Prologis, Inc. (NYSE:PLD) traded down $0.26 during mid-day trading on Friday, reaching $66.22. 1,587,600 shares of the company’s stock were exchanged, compared to its average volume of 2,088,551. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.53. Prologis, Inc. has a fifty-two week low of $45.93 and a fifty-two week high of $67.10. The stock has a market cap of $35,234.47, a PE ratio of 23.91, a PEG ratio of 4.44 and a beta of 0.92.
Prologis (NYSE:PLD) last released its quarterly earnings results on Tuesday, October 17th. The real estate investment trust reported $0.67 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.67. Prologis had a net margin of 68.50% and a return on equity of 9.93%. The business had revenue of $531.18 million during the quarter, compared to analysts’ expectations of $573.68 million. During the same quarter in the previous year, the company earned $0.14 EPS. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. sell-side analysts forecast that Prologis, Inc. will post 2.8 earnings per share for the current fiscal year.
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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