Teacher Retirement System of Texas increased its position in Prologis, Inc. (NYSE:PLD) by 132.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 214,586 shares of the real estate investment trust’s stock after acquiring an additional 122,346 shares during the period. Teacher Retirement System of Texas’ holdings in Prologis were worth $13,618,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Shine Investment Advisory Services Inc. increased its holdings in shares of Prologis by 0.6% in the 2nd quarter. Shine Investment Advisory Services Inc. now owns 8,929 shares of the real estate investment trust’s stock worth $524,000 after acquiring an additional 52 shares during the period. Creative Planning increased its stake in Prologis by 3.4% during the 2nd quarter. Creative Planning now owns 2,078 shares of the real estate investment trust’s stock valued at $122,000 after buying an additional 69 shares during the period. National Asset Management Inc. increased its stake in Prologis by 1.5% during the 2nd quarter. National Asset Management Inc. now owns 5,137 shares of the real estate investment trust’s stock valued at $302,000 after buying an additional 75 shares during the period. LS Investment Advisors LLC increased its stake in Prologis by 0.5% during the 2nd quarter. LS Investment Advisors LLC now owns 15,478 shares of the real estate investment trust’s stock valued at $908,000 after buying an additional 76 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Prologis by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 39,399 shares of the real estate investment trust’s stock valued at $2,310,000 after buying an additional 133 shares during the period. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Prologis, Inc. (PLD) traded up $1.46 during trading on Friday, hitting $67.05. The company had a trading volume of 2,509,300 shares, compared to its average volume of 2,446,292. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.80 and a quick ratio of 0.80. Prologis, Inc. has a fifty-two week low of $46.33 and a fifty-two week high of $67.25. The company has a market capitalization of $34,899.25, a PE ratio of 23.68, a price-to-earnings-growth ratio of 4.40 and a beta of 0.92.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Tuesday, October 17th. The real estate investment trust reported $0.67 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.67. The firm had revenue of $531.18 million during the quarter, compared to analysts’ expectations of $573.68 million. Prologis had a return on equity of 9.93% and a net margin of 68.50%. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.14 EPS. equities analysts predict that Prologis, Inc. will post 2.8 EPS for the current fiscal year.

Several research analysts have commented on the stock. BidaskClub upgraded shares of Prologis from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. KeyCorp reiterated a “buy” rating and issued a $65.00 target price 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 from $62.00) on shares of Prologis in a research report on Wednesday, September 27th. Jefferies Group LLC reissued a “hold” rating and issued a $66.00 price target (up from $59.00) on shares of Prologis in a research report on Thursday, August 24th. Finally, BMO Capital Markets set a $69.00 price target on shares of Prologis and gave the stock a “buy” rating in a research report on Tuesday, October 17th. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Prologis has an average rating of “Buy” and an average target price of $65.50.

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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.

Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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