Bourgeon Capital Management LLC acquired a new position in Prologis, Inc. (NYSE:PLD) during the second quarter, Holdings Channel reports. The institutional investor acquired 5,350 shares of the real estate investment trust’s stock, valued at approximately $314,000.

Other institutional investors have also bought and sold shares of the company. Creative Planning increased its position in Prologis by 13.2% in the first quarter. Creative Planning now owns 2,009 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 234 shares during the last quarter. Guardian Life Insurance Co. of America increased its position in Prologis by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,039 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 14 shares during the last quarter. IFP Advisors Inc increased its position in Prologis by 10.7% in the first quarter. IFP Advisors Inc now owns 2,249 shares of the real estate investment trust’s stock worth $117,000 after buying an additional 218 shares during the last quarter. Independent Portfolio Consultants Inc. increased its position in Prologis by 82.0% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,718 shares of the real estate investment trust’s stock worth $159,000 after buying an additional 1,225 shares during the last quarter. Finally, Solaris Asset Management LLC increased its position in Prologis by 1.8% in the first quarter. Solaris Asset Management LLC now owns 2,825 shares of the real estate investment trust’s stock worth $147,000 after buying an additional 50 shares during the last quarter. 95.30% of the stock is currently owned by institutional investors.

Shares of Prologis, Inc. (NYSE PLD) opened at 59.71 on Friday. The stock’s 50 day moving average is $59.49 and its 200 day moving average is $54.65. The company has a market cap of $31.76 billion, a PE ratio of 26.80 and a beta of 0.94. 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 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.06. Prologis had a return on equity of 6.65% and a net margin of 43.99%. The business had revenue of $766.18 million for the quarter, compared to analyst estimates of $576 million. During the same quarter in the prior year, the firm posted $0.60 EPS. The business’s quarterly revenue was up 27.2% compared to the same quarter last year. Equities analysts forecast that Prologis, Inc. will post ($0.27) EPS for the current year.

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A number of equities analysts recently issued reports on the stock. BidaskClub raised shares of Prologis from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Zacks Investment Research downgraded shares of Prologis from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Royal Bank Of Canada reissued a “buy” rating and issued a $59.00 price objective on shares of Prologis in a report on Thursday, June 8th. KeyCorp raised 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. Finally, Barclays PLC reissued an “overweight” rating and issued a $61.00 price objective (up previously from $59.00) on shares of Prologis in a report on Monday, July 24th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $59.60.

In other news, CEO Hamid R. Moghadam sold 14,067 shares of the stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $56.00, for a total transaction of $787,752.00. Following the transaction, the chief executive officer now owns 3,267 shares in the company, valued at approximately $182,952. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Edward S. Nekritz sold 25,000 shares of the stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $55.31, for a total value of $1,382,750.00. Following the transaction, the insider now owns 199,950 shares in the company, valued at approximately $11,059,234.50. The disclosure for this sale can be found here. Insiders have sold a total of 483,807 shares of company stock worth $27,400,851 in the last quarter. Insiders own 1.31% of the company’s stock.

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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