Prologis, Inc. (PLD) Shares Bought by Los Angeles Capital Management & Equity Research Inc.

Los Angeles Capital Management & Equity Research Inc. raised its position in shares of Prologis, Inc. (NYSE:PLD) by 10.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 776,120 shares of the real estate investment trust’s stock after buying an additional 72,833 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned about 0.15% of Prologis worth $49,253,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PLD. Shine Investment Advisory Services Inc. boosted its holdings in Prologis by 0.6% in the second quarter. Shine Investment Advisory Services Inc. now owns 8,929 shares of the real estate investment trust’s stock valued at $524,000 after purchasing an additional 52 shares during the period. Creative Planning boosted its holdings in 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. National Asset Management Inc. boosted its holdings in Prologis by 1.5% in the second quarter. National Asset Management Inc. now owns 5,137 shares of the real estate investment trust’s stock valued at $302,000 after purchasing an additional 75 shares during the period. LS Investment Advisors LLC boosted its holdings in Prologis by 0.5% in the second quarter. LS Investment Advisors LLC now owns 15,478 shares of the real estate investment trust’s stock valued at $908,000 after purchasing an additional 76 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Prologis by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 39,399 shares of the real estate investment trust’s stock valued at $2,310,000 after purchasing an additional 133 shares during the period. Institutional investors and hedge funds own 95.54% of the company’s stock.

PLD has been the topic of a number of analyst reports. Evercore ISI restated an “outperform” rating and issued a $64.00 price target (up from $61.00) on shares of Prologis in a research note on Friday, July 21st. Barclays PLC restated an “overweight” rating and issued a $61.00 price target (up from $59.00) on shares of Prologis in a research note on Monday, July 24th. BidaskClub cut Prologis from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. KeyCorp raised their price target on Prologis from $62.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, July 25th. Finally, Zacks Investment Research cut Prologis from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $65.50.

Prologis, Inc. (NYSE PLD) traded up $0.85 during midday trading on Tuesday, hitting $67.07. The company had a trading volume of 1,613,600 shares, compared to its average volume of 2,450,364. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.80 and a current ratio of 0.80. Prologis, Inc. has a 52-week low of $45.93 and a 52-week high of $67.22. The stock has a market capitalization of $35,234.47, a price-to-earnings ratio of 23.91, a P/E/G 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 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.67. Prologis had a return on equity of 9.93% and a net margin of 68.50%. The firm had revenue of $531.18 million for the quarter, compared to analyst estimates of $573.68 million. During the same quarter last year, the company posted $0.14 earnings per share. The business’s revenue was down 5.2% on a year-over-year basis. equities analysts forecast that Prologis, Inc. will post 2.8 EPS for the current 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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