Prologis Inc (PLD) Stake Lifted by Quantbot Technologies LP

Quantbot Technologies LP raised its position in Prologis Inc (NYSE:PLD) by 60.7% during the third quarter, HoldingsChannel.com reports. The firm owned 34,527 shares of the real estate investment trust’s stock after purchasing an additional 13,039 shares during the period. Quantbot Technologies LP’s holdings in Prologis were worth $2,340,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Quadrant Capital Group LLC lifted its position in shares of Prologis by 48.7% in the 3rd quarter. Quadrant Capital Group LLC now owns 2,507 shares of the real estate investment trust’s stock worth $158,000 after purchasing an additional 821 shares during the period. FDx Advisors Inc. lifted its position in shares of Prologis by 7.3% during the 3rd quarter. FDx Advisors Inc. now owns 12,576 shares of the real estate investment trust’s stock valued at $853,000 after acquiring an additional 855 shares during the period. Bank of Hawaii lifted its position in shares of Prologis by 6.4% during the 3rd quarter. Bank of Hawaii now owns 14,475 shares of the real estate investment trust’s stock valued at $981,000 after acquiring an additional 865 shares during the period. Wetherby Asset Management Inc. lifted its position in shares of Prologis by 4.5% during the 3rd quarter. Wetherby Asset Management Inc. now owns 21,034 shares of the real estate investment trust’s stock valued at $1,426,000 after acquiring an additional 907 shares during the period. Finally, Checchi Capital Advisers LLC lifted its position in shares of Prologis by 17.2% during the 3rd quarter. Checchi Capital Advisers LLC now owns 6,287 shares of the real estate investment trust’s stock valued at $426,000 after acquiring an additional 924 shares during the period. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Shares of PLD stock opened at $67.55 on Friday. The firm has a market cap of $42.40 billion, a price-to-earnings ratio of 24.04, a price-to-earnings-growth ratio of 4.43 and a beta of 0.71. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.32 and a quick ratio of 0.32. Prologis Inc has a 12 month low of $58.28 and a 12 month high of $68.20.

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

In other Prologis news, Director Philip L. Hawkins sold 15,000 shares of the stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $67.23, for a total transaction of $1,008,450.00. Following the transaction, the director now directly owns 69,511 shares in the company, valued at $4,673,224.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Edward S. Nekritz sold 18,099 shares of the stock in a transaction that occurred on Friday, September 21st. The shares were 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 in the company, valued at $7,178,861.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,907 shares of company stock valued at $3,565,328. Company insiders own 1.31% of the company’s stock.

PLD has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Prologis from a “buy” rating to a “hold” rating in a research report on Tuesday, September 18th. Scotiabank initiated coverage on shares of Prologis in a research report on Tuesday, October 16th. They set a “sector perform” rating on the stock. Deutsche Bank boosted their target price on shares of Prologis from $66.00 to $68.00 and gave the company a “hold” rating in a research report on Friday, August 24th. ValuEngine upgraded shares of Prologis from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Finally, SunTrust Banks set a $70.00 target price on shares of Prologis and gave the company a “buy” rating in a research report on Tuesday, August 7th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price 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 September 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 771 million square feet (72 million square meters) in 19 countries.

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Want to see what other hedge funds are holding PLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Prologis Inc (NYSE:PLD).

Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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