Swiss National Bank boosted its holdings in Prologis, Inc. (NYSE:PLD) by 1.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,954,960 shares of the real estate investment trust’s stock after purchasing an additional 21,900 shares during the period. Swiss National Bank owned about 367,418.43% of Prologis worth $124,062,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Prologis by 0.3% in the second quarter. Vanguard Group Inc. now owns 76,905,109 shares of the real estate investment trust’s stock valued at $4,509,716,000 after purchasing an additional 249,341 shares during the last quarter. BlackRock Inc. boosted its holdings in Prologis by 1.3% in the second quarter. BlackRock Inc. now owns 51,529,145 shares of the real estate investment trust’s stock valued at $3,021,668,000 after purchasing an additional 673,429 shares during the last quarter. APG Asset Management US Inc. boosted its holdings in Prologis by 8.0% in the third quarter. APG Asset Management US Inc. now owns 17,942,319 shares of the real estate investment trust’s stock valued at $1,138,620,000 after purchasing an additional 1,330,850 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Prologis by 6.4% in the second quarter. Bank of New York Mellon Corp now owns 10,961,903 shares of the real estate investment trust’s stock valued at $642,806,000 after purchasing an additional 661,314 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Prologis by 1.7% in the third quarter. Principal Financial Group Inc. now owns 10,377,260 shares of the real estate investment trust’s stock valued at $658,542,000 after purchasing an additional 171,944 shares during the last quarter. 95.74% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently commented on the company. BidaskClub raised Prologis from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. KeyCorp reissued a “buy” rating and issued a $65.00 price target on shares of Prologis in a report on Friday, September 29th. BTIG Research reissued a “buy” rating and issued a $68.00 price target (up previously from $62.00) on shares of Prologis in a report on Wednesday, September 27th. Jefferies Group LLC reissued a “hold” rating and issued a $66.00 price target (up previously from $59.00) on shares of Prologis in a report on Thursday, August 24th. Finally, BMO Capital Markets set a $69.00 price target on Prologis and gave the company a “buy” rating in a report on Tuesday, October 17th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Prologis has an average rating of “Buy” and an average price target of $64.80.

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Shares of Prologis, Inc. (NYSE:PLD) traded up $0.19 during trading on Friday, hitting $66.67. The stock had a trading volume of 95,846 shares, compared to its average volume of 2,447,167. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market cap of $35,500.51, a PE ratio of 24.09, a price-to-earnings-growth ratio of 4.47 and a beta of 0.92. Prologis, Inc. has a fifty-two week low of $45.93 and a fifty-two week high of $67.10.

Prologis (NYSE:PLD) last posted its earnings results on Tuesday, October 17th. The real estate investment trust reported $0.67 EPS for the quarter, meeting the consensus estimate of $0.67. Prologis had a return on equity of 9.93% and a net margin of 68.50%. The firm had revenue of $531.18 million for the quarter, compared to analysts’ expectations of $573.68 million. During the same period last year, the firm earned $0.14 EPS. The firm’s revenue was down 5.2% compared to the same quarter last year. research analysts forecast that Prologis, Inc. will post 2.8 EPS for the current year.

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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