Presima INC Has Raised Its Prologis INC (PLD) Holding by $4.38 Million

Mae Love
December 8, 2017

Eqis Capital Management Inc. acquired a new stake in Prologis during the 2nd quarter worth about $255,000. Adams Diversified Equity Fund Inc. now owns 351,600 shares of the real estate investment trust's stock worth $20,618,000 after purchasing an additional 110,300 shares during the period. Arizona State Retirement invested 0.11% in Prologis, Inc. 68 funds opened positions while 179 raised stakes.

Analysts await Prologis, Inc. In other news, insider Edward S. Nekritz sold 84,434 shares of the stock in a transaction on Monday, March 20th. 3,213,540 shares of the company were exchanged. Swiss National Bank now owns 1,933,060 shares of the real estate investment trust's stock worth $113,355,000 after purchasing an additional 60,000 shares in the last quarter. Creative Planning raised its stake in Prologis by 3.4% in the 2nd quarter. The stock decreased 2.27% or $1.5 during the last trading session, reaching $64.44. Lazard Asset Management LLC now owns 2,533,654 shares of the real estate investment trust's stock worth $148,573,000 after purchasing an additional 2,469,949 shares in the last quarter. Independent Order Of Foresters reported 1.19% of its portfolio in Prologis, Inc. BlackRock Inc. now owns 51,529,145 shares of the real estate investment trust's stock valued at $3,021,668,000 after acquiring an additional 673,429 shares during the last quarter. After analyzing the annual Dividend Yield of PLD we concluded that this stock is catching attention from Dividend Seeking Investors. The stock was sold at an average price of $66.55, for a total transaction of $1,197,900.00. Great Lakes Advsrs Ltd Limited Liability Company reported 42,936 shares or 0.06% of all its holdings. The sale was disclosed in a legal filing with the SEC, which is available through this link. The current price is seen ranging between $64.05 and $64.73. (NYSE:PLD) is 11489. The lower the ERP5 rank, the more undervalued a company is thought to be. The disclosure for this sale can be found here. (NYSE:PLD) for 97 shares. PLD maintained activity of 1.97 million shares that trade hands on average basis while its relative volume is 1.03. The 52-Week High confirms a value of -4.16% * with the 52-Week Low of 33.91% *. The stock has a market cap of $34,530.00, a P/E ratio of 23.26, a P/E/G ratio of 4.24 and a beta of 0.91.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Tuesday, October 17th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.67. The business had revenue of $531.18 million during the quarter, compared to analysts' expectations of $573.68 million. Prologis had a net margin of 68.50% and a return on equity of 9.93%. The firm's quarterly revenue was down 5.2% compared to the same quarter past year. The firm has "Outperform" rating given on Monday, December 4 by Evercore.

The dividend yield is a financial ratio that measures the amount of cash dividends distributed to common shareholders relative to the market value per share.

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PLD has been the topic of several analyst reports. The rating was upgraded by Robert W. Baird to "Outperform" on Monday, November 28. Bank of America set a $72.00 price objective on shares of Prologis and gave the stock a "buy" rating in a research note on Wednesday, October 25th. Cantor Fitzgerald maintained the shares of PLD in report on Tuesday, July 18 with "Buy" rating. The firm has "Buy" rating by Stifel Nicolaus given on Tuesday, July 4. The firm has "Outperform" rating given on Wednesday, January 27 by Oppenheimer. Stifel Nicolaus has "Buy" rating and $41 target. Prologis has an average rating of "Buy" and an average target price of $66.31.

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Among 24 analysts covering Prologis (NYSE:PLD), 14 have Buy rating, 1 Sell and 9 Hold. If you are accessing this story on another domain, it was stolen and republished in violation of United States & global copyright & trademark laws. (NYSE:PLD) has a Piotroski F-Score of 6. The prevailing figure will allow the investment community to determine the size of Prologis, contrast to the sales or total assets figures. Other companies choose not to issue dividends and instead reinvest this money in the business. The stock has "Overweight" rating by Barclays Capital on Monday, July 24. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future - including statements relating to rent and occupancy growth, development activity, contribution and disposition activity, general conditions in the geographic areas where we operate, our debt, capital structure and financial position, our ability to form new co-investment ventures and the availability of capital in existing or new co-investment ventures - are forward-looking statements.

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