Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in Prologis Inc (NYSE:PLD) by 13.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,402 shares of the real estate investment trust’s stock after buying an additional 20,767 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Prologis were worth $11,891,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. CIBC Asset Management Inc increased its position in shares of Prologis by 5.2% during the second 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 in the last quarter. Retirement Systems of Alabama increased its position in shares of Prologis by 17.4% during the third 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 in the last quarter. Cbre Clarion Securities LLC increased its position in shares of Prologis by 2.7% during the second 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 in the last quarter. Bank of America Corp DE increased its position in shares of Prologis by 7.1% during the second 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 in the last quarter. Finally, KAMES CAPITAL plc acquired a new stake in shares of Prologis during the third quarter worth about $201,000. Institutional investors own 89.25% of the company’s stock.

In other Prologis news, insider Edward S. Nekritz sold 18,099 shares of Prologis 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Eugene F. Reilly sold 15,000 shares of Prologis 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 sold a total of 52,907 shares of company stock worth $3,565,328 in the last 90 days. 1.32% of the stock is currently owned by insiders.

A number of research firms have recently commented on PLD. Zacks Investment Research cut Prologis from a “buy” rating to a “hold” rating in a research report on Monday, October 22nd. Robert W. Baird reiterated a “buy” rating and set a $73.00 target price on shares of Prologis in a research report on Monday, July 23rd. ValuEngine upgraded Prologis from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. SunTrust Banks set a $70.00 target price on Prologis and gave the stock a “buy” rating in a research report on Tuesday, August 7th. Finally, Bank of America lifted their target price on Prologis from $72.00 to $73.00 and gave the stock a “buy” rating in a research report on Monday, September 10th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $71.93.

Shares of PLD stock opened at $67.70 on Tuesday. The stock has a market capitalization of $42.37 billion, a P/E ratio of 24.09, a P/E/G ratio of 4.43 and a beta of 0.71. Prologis Inc has a 52-week low of $58.28 and a 52-week high of $68.20. 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 (NYSE:PLD) last issued its quarterly earnings results on Tuesday, October 16th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 6.65% and a net margin of 51.66%. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.63 EPS. As a group, equities research analysts forecast that Prologis Inc will post 3.02 EPS for the current fiscal year.

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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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