Yorktown Management & Research Co Inc acquired a new position in shares of Prologis, Inc. (NYSE:PLD) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 5,100 shares of the real estate investment trust’s stock, valued at approximately $324,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Capital World Investors boosted its holdings in shares of Prologis by 181.4% in the 2nd quarter. Capital World Investors now owns 6,640,000 shares of the real estate investment trust’s stock worth $389,370,000 after buying an additional 4,280,000 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Prologis by 3,877.2% in the 2nd quarter. Lazard Asset Management LLC now owns 2,533,654 shares of the real estate investment trust’s stock worth $148,573,000 after buying an additional 2,469,949 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Prologis by 2,672.5% in the 2nd quarter. Janus Henderson Group PLC now owns 1,985,678 shares of the real estate investment trust’s stock worth $116,440,000 after buying an additional 1,914,058 shares during the last quarter. APG Asset Management US Inc. boosted its holdings in shares of Prologis by 8.0% in the 3rd quarter. APG Asset Management US Inc. now owns 17,942,319 shares of the real estate investment trust’s stock worth $1,138,620,000 after buying an additional 1,330,850 shares during the last quarter. Finally, Cbre Clarion Securities LLC boosted its holdings in shares of Prologis by 8.7% in the 2nd quarter. Cbre Clarion Securities LLC now owns 8,902,292 shares of the real estate investment trust’s stock worth $522,030,000 after buying an additional 709,311 shares during the last quarter. 95.15% of the stock is currently owned by hedge funds and other institutional investors.

PLD has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Prologis from a “buy” rating to a “hold” rating in a report on Friday, July 28th. BidaskClub raised shares of Prologis from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Jefferies Group LLC reissued a “hold” rating and issued a $66.00 price target (up from $59.00) on shares of Prologis in a report on Thursday, August 24th. KeyCorp reissued a “buy” rating and issued a $65.00 price target on shares of Prologis in a report on Sunday, August 27th. Finally, SunTrust Banks, Inc. raised shares of Prologis from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a report on Tuesday, September 5th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $65.50.

Shares of Prologis, Inc. (PLD) traded down $0.51 during trading on Thursday, reaching $66.89. The company had a trading volume of 1,269,600 shares, compared to its average volume of 2,426,945. Prologis, Inc. has a fifty-two week low of $46.33 and a fifty-two week high of $67.53. The company has a market cap of $35,862.32, a PE ratio of 24.33, a P/E/G ratio of 4.52 and a beta of 0.92. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.53.

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

ILLEGAL ACTIVITY WARNING: “Yorktown Management & Research Co Inc Takes $324,000 Position in Prologis, Inc. (PLD)” was first posted by Daily Political and is owned by of Daily Political. If you are reading this news story on another domain, it was stolen and reposted in violation of US & international trademark & copyright law. The original version of this news story can be accessed at https://www.dailypolitical.com/2017/11/23/yorktown-management-research-co-inc-takes-324000-position-in-prologis-inc-pld.html.

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.

Want to see what other hedge funds are holding PLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Prologis, Inc. (NYSE:PLD).

Institutional Ownership by Quarter for Prologis (NYSE:PLD)

Receive News & Ratings for Prologis Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prologis Inc. and related companies with MarketBeat.com's FREE daily email newsletter.