Keybank National Association OH lifted its holdings in Prologis Inc (NYSE:PLD) by 18.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 173,842 shares of the real estate investment trust’s stock after purchasing an additional 26,663 shares during the period. Keybank National Association OH’s holdings in Prologis were worth $11,785,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PLD. Eagle Asset Management Inc. increased its holdings in Prologis by 178.1% in the 3rd quarter. Eagle Asset Management Inc. now owns 1,137,737 shares of the real estate investment trust’s stock worth $77,127,000 after acquiring an additional 728,578 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Prologis by 44.2% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 51,658 shares of the real estate investment trust’s stock worth $3,502,000 after acquiring an additional 15,838 shares in the last quarter. Sei Investments Co. grew its holdings in Prologis by 5.1% during the 3rd quarter. Sei Investments Co. now owns 1,071,273 shares of the real estate investment trust’s stock valued at $72,595,000 after buying an additional 52,280 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in Prologis by 6.2% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 62,145 shares of the real estate investment trust’s stock valued at $4,213,000 after buying an additional 3,616 shares in the last quarter. Finally, Hartford Investment Management Co. grew its holdings in Prologis by 9.5% during the 3rd quarter. Hartford Investment Management Co. now owns 114,902 shares of the real estate investment trust’s stock valued at $7,789,000 after buying an additional 9,968 shares in the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

In other news, Director Irving F. Lyons III sold 4,808 shares of Prologis stock in a transaction on Friday, September 28th. The stock was sold at an average price of $67.45, for a total transaction of $324,299.60. Following the completion of the sale, the director now directly owns 9,863 shares in the company, valued at $665,259.35. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Philip L. Hawkins sold 15,000 shares of Prologis stock in a transaction on Friday, November 9th. The stock was sold at an average price of $67.23, for a total value of $1,008,450.00. Following the sale, the director now owns 69,511 shares of the company’s stock, valued at $4,673,224.53. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,907 shares of company stock valued at $3,565,328. Corporate insiders own 1.32% of the company’s stock.

PLD has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Prologis from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Wednesday, September 12th. BTIG Research set a $73.00 price objective on shares of Prologis and gave the company a “buy” rating in a report on Thursday, August 23rd. JPMorgan Chase & Co. set a $72.00 price objective on shares of Prologis and gave the company a “buy” rating in a report on Thursday, August 23rd. Barclays reissued a “buy” rating and issued a $70.00 target price on shares of Prologis in a report on Sunday, October 14th. Finally, Scotiabank began coverage on shares of Prologis in a report on Tuesday, October 16th. They issued a “sector perform” rating for the company. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $71.93.

Shares of PLD opened at $67.70 on Tuesday. The firm 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 quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.44.

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, topping analysts’ consensus estimates of $0.71 by $0.01. Prologis had a return on equity of 6.65% and a net margin of 51.66%. The company had revenue of $611.00 million during the quarter, compared to the consensus estimate of $582.23 million. During the same period last year, the company earned $1.63 earnings per share. Prologis’s revenue was up 14.2% on a year-over-year basis. On average, sell-side analysts anticipate that Prologis Inc will post 3.02 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Keybank National Association OH Acquires 26,663 Shares of Prologis Inc (PLD)” was originally reported by Daily Political and is owned by of Daily Political. If you are reading this story on another website, it was illegally copied and republished in violation of US and international trademark & copyright legislation. The correct version of this story can be read at https://www.dailypolitical.com/2018/11/20/keybank-national-association-oh-acquires-26663-shares-of-prologis-inc-pld.html.

About Prologis

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.

Featured Story: What strategies should day traders use to execute a trade?

Want to see what other hedge funds are holding PLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Prologis Inc (NYSE:PLD).

Institutional Ownership by Quarter for Prologis (NYSE:PLD)

Receive News & Ratings for Prologis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prologis and related companies with MarketBeat.com's FREE daily email newsletter.