Exane Derivatives lessened its holdings in shares of Prologis, Inc. (NYSE:PLD) by 73.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,845 shares of the real estate investment trust’s stock after selling 29,553 shares during the quarter. Exane Derivatives’ holdings in Prologis were worth $688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the company. Mutual of America Capital Management LLC boosted its stake in shares of Prologis by 4.8% during the 3rd quarter. Mutual of America Capital Management LLC now owns 117,155 shares of the real estate investment trust’s stock worth $7,435,000 after acquiring an additional 5,385 shares during the last quarter. Eqis Capital Management Inc. boosted its stake in shares of Prologis by 58.9% during the 3rd quarter. Eqis Capital Management Inc. now owns 6,911 shares of the real estate investment trust’s stock worth $439,000 after acquiring an additional 2,561 shares during the last quarter. Achmea Investment Management B.V. boosted its stake in shares of Prologis by 42.6% during the 2nd quarter. Achmea Investment Management B.V. now owns 53,197 shares of the real estate investment trust’s stock worth $3,118,000 after acquiring an additional 15,891 shares during the last quarter. Sentry Investment Management LLC boosted its stake in shares of Prologis by 32.0% during the 2nd quarter. Sentry Investment Management LLC now owns 41,617 shares of the real estate investment trust’s stock worth $2,440,000 after acquiring an additional 10,081 shares during the last quarter. Finally, Toronto Dominion Bank boosted its stake in shares of Prologis by 25.8% during the 2nd quarter. Toronto Dominion Bank now owns 179,639 shares of the real estate investment trust’s stock worth $10,532,000 after acquiring an additional 36,802 shares during the last quarter. Institutional investors and hedge funds own 95.91% of the company’s stock.

In other Prologis news, Director Carl B. Webb sold 20,000 shares of the stock in a transaction on Friday, July 28th. The shares were sold at an average price of $61.38, for a total transaction of $1,227,600.00. Following the transaction, the director now directly owns 66,078 shares of the company’s stock, valued at $4,055,867.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.31% of the company’s stock.

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Several research analysts have recently weighed in on the stock. BMO Capital Markets assumed coverage on shares of Prologis in a research note on Monday, September 11th. They set an “outperform” rating and a $69.00 price target on the stock. SunTrust Banks, Inc. upgraded shares of Prologis from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Tuesday, September 5th. Zacks Investment Research upgraded shares of Prologis from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research note on Monday, July 31st. KeyCorp reiterated a “buy” rating and set a $65.00 price target on shares of Prologis in a research note on Friday, September 29th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $60.00 price target on shares of Prologis in a research note on Thursday, July 6th. Three analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $63.80.

Shares of Prologis, Inc. (NYSE PLD) traded down 0.17% during mid-day trading on Friday, reaching $64.44. 2,558,476 shares of the company’s stock were exchanged. Prologis, Inc. has a 1-year low of $45.93 and a 1-year high of $65.63. The company’s 50 day moving average is $64.31 and its 200 day moving average is $59.33. The stock has a market capitalization of $35.71 billion, a PE ratio of 19.32 and a beta of 0.92.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Tuesday, October 17th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.67. Prologis had a net margin of 68.50% and a return on equity of 9.92%. The firm had revenue of $531.18 million for the quarter, compared to the consensus estimate of $573.68 million. During the same period in the prior year, the firm posted $0.14 earnings per share. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. Equities research analysts anticipate that Prologis, Inc. will post ($0.27) EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Monday, September 18th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.73%. The ex-dividend date was Friday, September 15th. Prologis’s payout ratio is 52.85%.

Prologis 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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