BNP Paribas Arbitrage SA lowered its stake in shares of Prologis, Inc. (NYSE:PLD) by 6.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 482,204 shares of the real estate investment trust’s stock after selling 35,649 shares during the period. BNP Paribas Arbitrage SA owned about 0.09% of Prologis worth $30,601,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Shine Investment Advisory Services Inc. boosted its stake in shares of Prologis by 0.6% during the 2nd quarter. Shine Investment Advisory Services Inc. now owns 8,929 shares of the real estate investment trust’s stock valued at $524,000 after buying an additional 52 shares during the period. Creative Planning boosted its stake in shares of Prologis by 3.4% during the 2nd quarter. Creative Planning now owns 2,078 shares of the real estate investment trust’s stock valued at $122,000 after buying an additional 69 shares during the period. National Asset Management Inc. boosted its stake in shares of Prologis by 1.5% during the 2nd quarter. National Asset Management Inc. now owns 5,137 shares of the real estate investment trust’s stock valued at $302,000 after buying an additional 75 shares during the period. LS Investment Advisors LLC boosted its stake in shares of Prologis by 0.5% during the 2nd quarter. LS Investment Advisors LLC now owns 15,478 shares of the real estate investment trust’s stock valued at $908,000 after buying an additional 76 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Prologis by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 39,399 shares of the real estate investment trust’s stock valued at $2,310,000 after buying an additional 133 shares during the period. 95.74% of the stock is owned by institutional investors.

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PLD has been the subject of several analyst reports. KeyCorp lifted their price objective on shares of Prologis from $62.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, July 25th. BidaskClub raised shares of Prologis from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research raised shares of Prologis from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a research note on Monday, July 31st. SunTrust Banks, Inc. raised shares of Prologis from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research note on Tuesday, September 5th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Prologis in a research note on Thursday, September 21st. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $65.50.

Shares of Prologis, Inc. (PLD) traded down $0.26 on Friday, reaching $66.22. 1,587,600 shares of the company traded hands, compared to its average volume of 2,454,202. The company has a market cap of $35,372.81, a P/E ratio of 24.00, a PEG ratio of 4.46 and a beta of 0.92. Prologis, Inc. has a 12-month low of $45.93 and a 12-month high of $67.10. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.53.

Prologis (NYSE:PLD) last announced its earnings results on Tuesday, October 17th. The real estate investment trust reported $0.67 EPS for the quarter, hitting the consensus estimate of $0.67. The firm had revenue of $531.18 million for the quarter, compared to the consensus estimate of $573.68 million. Prologis had a net margin of 68.50% and a return on equity of 9.93%. The business’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.14 EPS. equities research analysts forecast that Prologis, Inc. will post 2.8 EPS for the current year.

Prologis Profile

Prologis, Inc is a real estate investment trust (REIT) company. The Company is engaged in logistics real estate business. The Company’s segments include Real Estate Operations and Strategic Capital. The Real estate operations segment consists of rental operations and development. The Company’s strategic capital segment includes asset management services, as well as services performed for unconsolidated co-investment ventures.

Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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