Schwab Charles Investment Management Inc. boosted its position in shares of Prologis, Inc. (NYSE:PLD) by 10.0% during the second quarter, Holdings Channel reports. The institutional investor owned 4,457,985 shares of the real estate investment trust’s stock after buying an additional 407,054 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Prologis were worth $261,417,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Creative Planning raised its position in shares of Prologis by 13.2% in the first quarter. Creative Planning now owns 2,009 shares of the real estate investment trust’s stock valued at $104,000 after buying an additional 234 shares during the period. Gulf International Bank UK Ltd raised its position in shares of Prologis by 2.9% in the first quarter. Gulf International Bank UK Ltd now owns 162,458 shares of the real estate investment trust’s stock valued at $8,428,000 after buying an additional 4,600 shares during the period. National Pension Service raised its position in shares of Prologis by 4.1% in the first quarter. National Pension Service now owns 441,934 shares of the real estate investment trust’s stock valued at $22,618,000 after buying an additional 17,584 shares during the period. Bank of Montreal Can raised its position in shares of Prologis by 19.0% in the first quarter. Bank of Montreal Can now owns 514,911 shares of the real estate investment trust’s stock valued at $26,713,000 after buying an additional 82,277 shares during the period. Finally, Spirit of America Management Corp NY raised its position in shares of Prologis by 2.0% in the first quarter. Spirit of America Management Corp NY now owns 102,725 shares of the real estate investment trust’s stock valued at $5,329,000 after buying an additional 2,000 shares during the period. Institutional investors own 95.30% of the company’s stock.

Shares of Prologis, Inc. (PLD) opened at 60.74 on Thursday. The stock has a market capitalization of $32.31 billion, a P/E ratio of 27.26 and a beta of 0.94. The stock has a 50 day moving average of $59.38 and a 200-day moving average of $54.56. Prologis, Inc. has a 52-week low of $45.93 and a 52-week high of $61.81.

Prologis (NYSE:PLD) last released its quarterly earnings data on Tuesday, July 18th. The real estate investment trust reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.06. The firm had revenue of $766.18 million during the quarter, compared to the consensus estimate of $576 million. Prologis had a return on equity of 6.65% and a net margin of 43.99%. The firm’s quarterly revenue was up 27.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 earnings per share. Analysts predict that Prologis, Inc. will post ($0.27) EPS for the current fiscal year.

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Several research analysts have commented on the stock. Zacks Investment Research lowered shares of Prologis from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. BidaskClub upgraded shares of Prologis from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. KeyCorp upped their price objective on shares of Prologis from $62.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, July 25th. Barclays PLC restated an “overweight” rating and issued a $61.00 price objective (up from $59.00) on shares of Prologis in a report on Monday, July 24th. Finally, Evercore ISI restated an “outperform” rating and issued a $64.00 price objective (up from $61.00) on shares of Prologis in a report on Friday, July 21st. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Prologis presently has an average rating of “Buy” and a consensus target price of $59.60.

In other Prologis news, Director Carl B. Webb sold 20,000 shares of the business’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $61.38, for a total value of $1,227,600.00. Following the completion of the transaction, the director now directly owns 66,078 shares in the company, valued at $4,055,867.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Edward S. Nekritz sold 25,000 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $55.31, for a total transaction of $1,382,750.00. Following the completion of the transaction, the insider now owns 199,950 shares of the company’s stock, valued at $11,059,234.50. The disclosure for this sale can be found here. Insiders sold 483,807 shares of company stock valued at $27,400,851 over the last quarter. 1.31% of the stock is currently owned by corporate insiders.

About Prologis

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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