Public Employees Retirement Association of Colorado lifted its position in Prologis Inc (NYSE:PLD) by 3.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 103,264 shares of the real estate investment trust’s stock after buying an additional 3,361 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Prologis were worth $6,662,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. APG Asset Management US Inc. boosted its stake in Prologis by 8.0% during the third 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 period. JPMorgan Chase & Co. boosted its stake in Prologis by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 11,786,598 shares of the real estate investment trust’s stock worth $749,039,000 after buying an additional 463,559 shares during the period. Bank of New York Mellon Corp boosted its stake in Prologis by 1.3% during the third quarter. Bank of New York Mellon Corp now owns 11,107,980 shares of the real estate investment trust’s stock worth $704,913,000 after buying an additional 146,077 shares during the period. Principal Financial Group Inc. boosted its stake in Prologis by 1.7% during the third quarter. Principal Financial Group Inc. now owns 10,377,260 shares of the real estate investment trust’s stock worth $658,542,000 after buying an additional 171,944 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Prologis by 1.9% during the third quarter. Dimensional Fund Advisors LP now owns 7,505,224 shares of the real estate investment trust’s stock worth $476,282,000 after buying an additional 137,807 shares during the period. 95.41% of the stock is owned by hedge funds and other institutional investors.

PLD has been the subject of several research analyst reports. KeyCorp increased their target price on shares of Prologis from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Monday, October 16th. Zacks Investment Research lowered shares of Prologis from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Evercore ISI raised shares of Prologis from an “in-line” rating to an “outperform” rating in a research note on Monday, December 4th. JPMorgan Chase & Co. lowered shares of Prologis from an “overweight” rating to a “neutral” rating and set a $66.00 target price for the company. in a research note on Friday, December 15th. Finally, Bank of America set a $72.00 target price on shares of Prologis and gave the stock a “buy” rating in a research note on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $67.06.

In related news, CEO Eugene F. Reilly sold 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $66.55, for a total value of $1,197,900.00. Following the sale, the chief executive officer now owns 63,365 shares of the company’s stock, valued at $4,216,940.75. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Lori A. Palazzolo sold 4,900 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $65.89, for a total transaction of $322,861.00. The disclosure for this sale can be found here. In the last three months, insiders sold 103,872 shares of company stock valued at $6,843,648. Insiders own 1.31% of the company’s stock.

Prologis Inc (PLD) opened at $58.33 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.35 and a debt-to-equity ratio of 0.50. Prologis Inc has a 12 month low of $48.80 and a 12 month high of $67.53. The company has a market cap of $31,953.29, a P/E ratio of 21.37, a PEG ratio of 3.82 and a beta of 0.83.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Tuesday, January 23rd. The real estate investment trust reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.01. Prologis had a net margin of 63.11% and a return on equity of 9.11%. The business had revenue of $550.65 million during the quarter, compared to analyst estimates of $533.54 million. During the same quarter last year, the firm posted $0.63 earnings per share. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. sell-side analysts expect that Prologis Inc will post 2.9 EPS for the current year.

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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.

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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