Rhumbline Advisers grew its holdings in shares of Prologis Inc (NYSE:PLD) by 13.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,203,608 shares of the real estate investment trust’s stock after purchasing an additional 140,409 shares during the period. Rhumbline Advisers’ holdings in Prologis were worth $81,593,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CIBC Asset Management Inc increased its position in Prologis by 5.2% during the 2nd quarter. CIBC Asset Management Inc now owns 54,077 shares of the real estate investment trust’s stock worth $3,552,000 after purchasing an additional 2,690 shares during the period. Cbre Clarion Securities LLC increased its position in Prologis by 2.7% during the 2nd quarter. Cbre Clarion Securities LLC now owns 7,919,441 shares of the real estate investment trust’s stock worth $520,228,000 after purchasing an additional 210,819 shares during the period. Bank of America Corp DE increased its position in Prologis by 7.1% during the 2nd quarter. Bank of America Corp DE now owns 6,028,563 shares of the real estate investment trust’s stock worth $396,017,000 after purchasing an additional 400,104 shares during the period. KAMES CAPITAL plc acquired a new position in Prologis during the 3rd quarter worth approximately $201,000. Finally, Retirement Systems of Alabama increased its position in Prologis by 17.4% during the 3rd quarter. Retirement Systems of Alabama now owns 626,508 shares of the real estate investment trust’s stock worth $42,471,000 after purchasing an additional 92,821 shares during the period. Institutional investors own 81.94% of the company’s stock.

In related news, insider Edward S. Nekritz sold 18,099 shares of the company’s stock in a transaction that occurred on Friday, September 21st. The stock was sold at an average price of $67.66, for a total value of $1,224,578.34. Following the sale, the insider now owns 106,102 shares of the company’s stock, valued at approximately $7,178,861.32. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Eugene F. Reilly sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $67.20, for a total value of $1,008,000.00. Following the completion of the sale, the chief executive officer now directly owns 36,685 shares in the company, valued at approximately $2,465,232. The disclosure for this sale can be found here. Insiders have sold a total of 52,907 shares of company stock worth $3,565,328 in the last three months. Corporate insiders own 1.32% of the company’s stock.

Shares of NYSE:PLD opened at $67.56 on Thursday. The company has a market cap of $42.66 billion, a PE ratio of 24.04, a PEG ratio of 4.46 and a beta of 0.71. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.32 and a current ratio of 0.32. Prologis Inc has a 12 month low of $58.28 and a 12 month high of $68.20.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Tuesday, October 16th. The real estate investment trust reported $0.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.01. The business had revenue of $611.00 million for the quarter, compared to analyst estimates of $582.23 million. Prologis had a return on equity of 6.65% and a net margin of 51.66%. The company’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.63 EPS. Analysts expect that Prologis Inc will post 3.02 EPS for the current fiscal year.

Several equities analysts have issued reports on the company. BMO Capital Markets reiterated a “buy” rating and set a $70.00 target price on shares of Prologis in a research report on Tuesday, October 16th. Barclays boosted their target price on Prologis from $71.00 to $73.00 and gave the stock an “overweight” rating in a research report on Thursday, August 2nd. Zacks Investment Research upgraded Prologis from a “sell” rating to a “hold” rating in a research report on Wednesday, July 18th. BTIG Research set a $73.00 target price on Prologis and gave the stock a “buy” rating in a research report on Thursday, August 23rd. Finally, ValuEngine lowered Prologis from a “buy” rating to a “hold” rating in a research note on Thursday, July 19th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Prologis has a consensus rating of “Buy” and a consensus target price of $71.93.

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Prologis Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of September 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 771 million square feet (72 million square meters) in 19 countries.

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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