Prologis Inc. (PLD) Shares Bought by Robeco Institutional Asset Management B.V.
Robeco Institutional Asset Management B.V. boosted its stake in shares of Prologis Inc. (NYSE:PLD) by 11.0% during the third quarter, Holdings Channel reports. The fund owned 363,782 shares of the company’s stock after buying an additional 36,101 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Prologis were worth $19,477,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in PLD. Vanguard Group Inc. increased its position in Prologis by 2.3% in the second quarter. Vanguard Group Inc. now owns 73,654,987 shares of the company’s stock valued at $3,612,041,000 after buying an additional 1,623,990 shares during the last quarter. Cohen & Steers Inc. increased its position in Prologis by 194.7% in the second quarter. Cohen & Steers Inc. now owns 31,179,168 shares of the company’s stock valued at $1,529,026,000 after buying an additional 20,598,621 shares during the last quarter. FMR LLC increased its position in Prologis by 22.4% in the second quarter. FMR LLC now owns 18,463,142 shares of the company’s stock valued at $905,433,000 after buying an additional 3,379,560 shares during the last quarter. Daiwa Securities Group Inc. increased its position in Prologis by 4.1% in the third quarter. Daiwa Securities Group Inc. now owns 16,076,303 shares of the company’s stock valued at $860,726,000 after buying an additional 638,992 shares during the last quarter. Finally, BlackRock Fund Advisors increased its position in Prologis by 1.7% in the second quarter. BlackRock Fund Advisors now owns 15,560,078 shares of the company’s stock valued at $763,066,000 after buying an additional 265,092 shares during the last quarter. 99.13% of the stock is currently owned by hedge funds and other institutional investors.
Prologis Inc. (NYSE:PLD) traded down 0.93% during mid-day trading on Wednesday, reaching $50.96. 676,962 shares of the company’s stock were exchanged. Prologis Inc. has a 1-year low of $35.25 and a 1-year high of $54.87. The firm’s 50-day moving average is $50.21 and its 200 day moving average is $50.99. The stock has a market capitalization of $26.94 billion, a PE ratio of 30.44 and a beta of 1.15.
Prologis (NYSE:PLD) last issued its quarterly earnings results on Thursday, October 20th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.03. Prologis had a net margin of 34.73% and a return on equity of 4.86%. The business had revenue of $705 million for the quarter, compared to analyst estimates of $221.07 million. During the same period in the previous year, the business posted $0.58 earnings per share. The business’s revenue was up 21.3% compared to the same quarter last year. Analysts forecast that Prologis Inc. will post ($0.27) earnings per share for the current fiscal year.
Several equities analysts recently issued reports on PLD shares. Zacks Investment Research raised Prologis from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research report on Thursday, November 24th. Capital One Financial Corp. raised shares of Prologis from an “underweight” rating to an “equal weight” rating and set a $53.00 price target on the stock in a report on Monday, October 17th. Morgan Stanley set a $58.00 price target on shares of Prologis and gave the company a “buy” rating in a report on Tuesday, September 6th. BTIG Research reaffirmed a “positive” rating on shares of Prologis in a report on Thursday, October 20th. Finally, Robert W. Baird lowered shares of Prologis from an “outperform” rating to a “neutral” rating and upped their price target for the company from $52.00 to $54.00 in a report on Wednesday, August 17th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company. Prologis presently has a consensus rating of “Hold” and a consensus target price of $51.36.
Prologis, Inc is engaged in logistics real estate business, focused on markets across the Americas, Europe and Asia. The Company owns or has investments in, on a basis or through co-investment ventures, properties and development projects in over 20 countries. Its segments include Real Estate Operations and Strategic Capital.
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