Kistler Tiffany Companies LLC acquired a new stake in Prologis Inc (NYSE:PLD) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,357 shares of the real estate investment trust’s stock, valued at approximately $160,000.

A number of other hedge funds have also added to or reduced their stakes in PLD. BB&T Securities LLC lifted its position in Prologis by 24.9% in the 1st quarter. BB&T Securities LLC now owns 4,806 shares of the real estate investment trust’s stock valued at $302,000 after acquiring an additional 957 shares in the last quarter. LPL Financial LLC lifted its position in Prologis by 14.0% in the 1st quarter. LPL Financial LLC now owns 20,756 shares of the real estate investment trust’s stock valued at $1,307,000 after acquiring an additional 2,551 shares in the last quarter. Millennium Management LLC lifted its position in Prologis by 7,788.6% in the 1st quarter. Millennium Management LLC now owns 566,640 shares of the real estate investment trust’s stock valued at $35,693,000 after acquiring an additional 559,457 shares in the last quarter. Private Capital Group LLC lifted its position in Prologis by 433.8% in the 1st quarter. Private Capital Group LLC now owns 2,984 shares of the real estate investment trust’s stock valued at $188,000 after acquiring an additional 2,425 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in Prologis by 6.8% in the 1st quarter. Royal Bank of Canada now owns 497,995 shares of the real estate investment trust’s stock valued at $31,369,000 after acquiring an additional 31,704 shares in the last quarter. 80.65% of the stock is currently owned by institutional investors and hedge funds.

NYSE PLD opened at $63.07 on Friday. The firm has a market cap of $39.57 billion, a PE ratio of 21.68, a PEG ratio of 4.11 and a beta of 0.72. The company has a current ratio of 0.17, a quick ratio of 0.73 and a debt-to-equity ratio of 0.44. Prologis Inc has a 1-year low of $58.28 and a 1-year high of $68.20.

Prologis (NYSE:PLD) last released its quarterly earnings results on Tuesday, October 16th. The real estate investment trust reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.01. The firm had revenue of $611.00 million for the quarter, compared to analysts’ expectations of $582.23 million. Prologis had a return on equity of 6.64% and a net margin of 51.66%. The company’s revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.63 EPS. As a group, analysts forecast that Prologis Inc will post 3.01 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Monday, September 17th were issued a dividend of $0.48 per share. The ex-dividend date was Friday, September 14th. This represents a $1.92 annualized dividend and a dividend yield of 3.04%. Prologis’s payout ratio is 68.33%.

PLD has been the topic of several analyst reports. SunTrust Banks set a $70.00 price objective on Prologis and gave the company a “buy” rating in a research report on Tuesday, August 7th. ValuEngine cut Prologis from a “buy” rating to a “hold” rating in a research report on Thursday, July 19th. Barclays reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Prologis in a research report on Sunday, October 14th. Zacks Investment Research raised Prologis from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Wednesday, September 12th. Finally, JPMorgan Chase & Co. set a $72.00 price objective on Prologis and gave the company a “buy” rating in a research report on Thursday, August 23rd. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Prologis currently has a consensus rating of “Buy” and an average price target of $71.47.

In other news, Director J Michael Losh sold 6,762 shares of the company’s stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $65.63, for a total value of $443,790.06. Following the completion of the sale, the director now directly owns 28,101 shares in the company, valued at approximately $1,844,268.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Irving F. Lyons III sold 4,808 shares of the company’s stock in a transaction on Friday, September 28th. The stock was sold at an average price of $67.45, for a total value of $324,299.60. Following the completion of the sale, the director now owns 9,863 shares of the company’s stock, valued at $665,259.35. The disclosure for this sale can be found here. Insiders have sold a total of 52,690 shares of company stock worth $3,501,582 over the last three months. Insiders own 1.31% of the company’s stock.

Prologis Company Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of June 30, 2018, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 685 million square feet (64 million square meters) in 19 countries.

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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