Prologis Inc (PLD) Shares Bought by Norinchukin Bank The

Norinchukin Bank The lifted its holdings in shares of Prologis Inc (NYSE:PLD) by 7.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 42,542 shares of the real estate investment trust’s stock after acquiring an additional 2,956 shares during the period. Norinchukin Bank The’s holdings in Prologis were worth $2,744,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Bronfman E.L. Rothschild L.P. grew its stake in shares of Prologis by 75.5% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 2,678 shares of the real estate investment trust’s stock worth $173,000 after acquiring an additional 1,152 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of Prologis during the fourth quarter worth about $200,000. Segment Wealth Management LLC purchased a new stake in shares of Prologis during the third quarter worth about $213,000. BB&T Securities LLC purchased a new stake in shares of Prologis during the third quarter worth about $213,000. Finally, ClariVest Asset Management LLC grew its stake in shares of Prologis by 30,750.0% during the third quarter. ClariVest Asset Management LLC now owns 3,702 shares of the real estate investment trust’s stock worth $235,000 after acquiring an additional 3,690 shares during the last quarter. Institutional investors and hedge funds own 93.45% of the company’s stock.

In other Prologis news, Director William D. Zollars sold 4,020 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $60.48, for a total value of $243,129.60. Following the completion of the transaction, the director now directly owns 20,225 shares of the company’s stock, valued at $1,223,208. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Eugene F. Reilly sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $66.61, for a total value of $999,150.00. Following the completion of the transaction, the chief executive officer now directly owns 63,365 shares of the company’s stock, valued at $4,220,742.65. 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 three months. 1.31% of the stock is currently owned by corporate insiders.

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets set a $68.00 price target on Prologis and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Barclays reiterated an “overweight” rating and issued a $72.00 target price on shares of Prologis in a research report on Friday, February 16th. Bank of America set a $72.00 target price on Prologis and gave the company a “buy” rating in a research report on Wednesday, October 25th. KeyCorp reiterated a “buy” rating and issued a $72.00 target price on shares of Prologis in a research report on Thursday, December 21st. Finally, Jefferies Group reiterated a “neutral” rating on shares of Prologis in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $67.56.

Shares of Prologis Inc (PLD) opened at $61.23 on Wednesday. Prologis Inc has a 52-week low of $48.80 and a 52-week high of $67.53. The company has a market capitalization of $33,038.69, a P/E ratio of 20.01, a P/E/G ratio of 4.66 and a beta of 0.83. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.68 and a quick ratio of 0.68.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Tuesday, January 23rd. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.01. Prologis had a return on equity of 9.12% and a net margin of 63.11%. The company had revenue of $550.65 million during the quarter, compared to the consensus estimate of $533.54 million. During the same period in the previous year, the company posted $0.63 earnings per share. Prologis’s revenue for the quarter was down 1.6% on a year-over-year basis. equities analysts expect that Prologis Inc will post 2.9 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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