Zeke Capital Advisors LLC Buys 5,083 Shares of Prologis Inc (PLD)
Zeke Capital Advisors LLC increased its stake in shares of Prologis Inc (NYSE:PLD) by 124.2% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 9,176 shares of the real estate investment trust’s stock after purchasing an additional 5,083 shares during the period. Zeke Capital Advisors LLC’s holdings in Prologis were worth $582,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Creative Planning lifted its holdings in Prologis by 3.4% during the 2nd quarter. Creative Planning now owns 2,078 shares of the real estate investment trust’s stock worth $122,000 after purchasing an additional 69 shares in the last quarter. Evercore Wealth Management LLC lifted its holdings in Prologis by 18.2% during the 2nd quarter. Evercore Wealth Management LLC now owns 2,270 shares of the real estate investment trust’s stock worth $134,000 after purchasing an additional 350 shares in the last quarter. Solaris Asset Management LLC lifted its holdings in Prologis by 11.0% during the 2nd quarter. Solaris Asset Management LLC now owns 3,135 shares of the real estate investment trust’s stock worth $184,000 after purchasing an additional 310 shares in the last quarter. IFP Advisors Inc lifted its holdings in Prologis by 40.7% during the 2nd quarter. IFP Advisors Inc now owns 3,164 shares of the real estate investment trust’s stock worth $186,000 after purchasing an additional 915 shares in the last quarter. Finally, ETF Managers Group LLC purchased a new stake in Prologis during the 2nd quarter worth about $193,000. 95.58% of the stock is currently owned by institutional investors and hedge funds.
Shares of Prologis Inc (NYSE:PLD) traded down $0.56 during midday trading on Thursday, hitting $66.13. The company had a trading volume of 1,872,500 shares, compared to its average volume of 2,407,990. The stock has a market cap of $35,130.00, a PE ratio of 24.08, a price-to-earnings-growth ratio of 4.47 and a beta of 0.92. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.53. Prologis Inc has a 52 week low of $48.33 and a 52 week high of $67.53.
Prologis (NYSE:PLD) last announced its quarterly earnings data on Tuesday, October 17th. The real estate investment trust reported $0.67 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.67. The company had revenue of $531.18 million for 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%. Prologis’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period last year, the firm posted $0.14 EPS. sell-side analysts anticipate that Prologis Inc will post 2.8 earnings per share for the current fiscal year.
A number of brokerages recently issued reports on PLD. Jefferies Group reissued a “hold” rating and set a $66.00 price objective (up previously from $59.00) on shares of Prologis in a report on Thursday, August 24th. BidaskClub raised Prologis from a “buy” rating to a “strong-buy” rating in a report on Friday, August 18th. Zacks Investment Research cut Prologis from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. BTIG Research reaffirmed 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. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $68.00 price target on shares of Prologis in a report on Thursday, October 12th. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $66.31.
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.
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).
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.