Keybank National Association OH Acquires 26,663 Shares of Prologis Inc (PLD)
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.
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.
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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