US Bancorp DE raised its stake in shares of Prologis Inc (NYSE:PLD) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 100,649 shares of the real estate investment trust’s stock after acquiring an additional 1,202 shares during the quarter. US Bancorp DE’s holdings in Prologis were worth $6,493,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. APG Asset Management US Inc. lifted its holdings in shares of 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 valued at $1,138,620,000 after acquiring an additional 1,330,850 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of 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 valued at $749,039,000 after acquiring an additional 463,559 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of 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 valued at $704,913,000 after acquiring an additional 146,077 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of 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 valued at $658,542,000 after acquiring an additional 171,944 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of 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 valued at $476,282,000 after acquiring an additional 137,807 shares during the period. 95.41% of the stock is owned by institutional investors.

Shares of Prologis Inc (NYSE:PLD) opened at $60.32 on Friday. Prologis Inc has a 12 month low of $48.80 and a 12 month high of $67.53. The firm has a market capitalization of $31,043.23, a price-to-earnings ratio of 20.76, a PEG ratio of 3.71 and a beta of 0.83. 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 (NYSE:PLD) last announced its earnings results on Tuesday, January 23rd. The real estate investment trust reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.01. The company had revenue of $550.65 million during the quarter, compared to analyst estimates of $533.54 million. Prologis had a return on equity of 9.11% and a net margin of 63.11%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the company posted $0.63 earnings per share. sell-side analysts predict that Prologis Inc will post 2.9 EPS for the current year.

PLD has been the subject of a number of analyst reports. Zacks Investment Research cut Prologis from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Evercore ISI raised Prologis from an “in-line” rating to an “outperform” rating in a report on Monday, December 4th. Bank of America set a $72.00 price objective on Prologis and gave the company a “buy” rating in a report on Wednesday, October 25th. KeyCorp restated a “buy” rating and issued a $72.00 target price on shares of Prologis in a research note on Thursday, December 21st. Finally, JPMorgan Chase & Co. lowered 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $67.06.

In related news, CEO Eugene F. Reilly sold 15,000 shares of Prologis stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $66.61, for a total value of $999,150.00. Following the completion of the sale, the chief executive officer now directly owns 63,365 shares in the company, valued at $4,220,742.65. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William D. Zollars sold 4,020 shares of Prologis stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $60.48, for a total value of $243,129.60. Following the completion of the sale, the director now owns 20,225 shares of the company’s stock, valued at $1,223,208. The disclosure for this sale can be found here. Over the last quarter, insiders sold 103,872 shares of company stock valued at $6,843,648. Corporate insiders own 1.31% of the company’s stock.

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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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