BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its position in shares of Prologis, Inc. (NYSE:PLD) by 4.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 274,006 shares of the real estate investment trust’s stock after selling 13,708 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Prologis were worth $16,068,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Creative Planning increased its position in Prologis by 13.2% in the first quarter. Creative Planning now owns 2,009 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 234 shares in the last quarter. Bank of Montreal Can increased its position in Prologis by 19.0% in the first quarter. Bank of Montreal Can now owns 514,911 shares of the real estate investment trust’s stock worth $26,713,000 after buying an additional 82,277 shares in the last quarter. Capstone Asset Management Co. increased its position in Prologis by 1.8% in the first quarter. Capstone Asset Management Co. now owns 60,020 shares of the real estate investment trust’s stock worth $3,114,000 after buying an additional 1,080 shares in the last quarter. Graybill Bartz & Assoc Ltd. increased its position in Prologis by 2.3% in the first quarter. Graybill Bartz & Assoc Ltd. now owns 49,830 shares of the real estate investment trust’s stock worth $2,585,000 after buying an additional 1,100 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Prologis during the first quarter worth $835,000. Institutional investors and hedge funds own 95.57% of the company’s stock.

Shares of Prologis, Inc. (NYSE:PLD) opened at 61.33 on Tuesday. Prologis, Inc. has a 52-week low of $45.93 and a 52-week high of $61.81. The firm has a market capitalization of $32.62 billion, a price-to-earnings ratio of 27.53 and a beta of 0.94. The firm has a 50-day moving average of $59.57 and a 200 day moving average of $54.76.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Tuesday, July 18th. The real estate investment trust reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.06. Prologis had a net margin of 43.99% and a return on equity of 6.65%. The firm had revenue of $766.18 million for the quarter, compared to analyst estimates of $576 million. During the same period in the prior year, the firm posted $0.60 earnings per share. The company’s quarterly revenue was up 27.2% compared to the same quarter last year. Analysts predict that Prologis, Inc. will post ($0.27) EPS for the current year.

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PLD has been the topic of a number of recent research reports. Evercore ISI raised their price target on shares of Prologis from $58.00 to $59.00 and gave the company an “outperform” rating in a report on Wednesday, April 19th. Zacks Investment Research downgraded shares of Prologis from a “buy” rating to a “hold” rating in a report on Thursday, April 20th. Citigroup Inc. raised their price target on shares of Prologis from $50.00 to $56.00 and gave the company a “neutral” rating in a report on Tuesday, April 25th. Stifel Nicolaus raised their price target on shares of Prologis from $57.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, May 30th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $59.00 price target on shares of Prologis in a report on Thursday, June 8th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $59.60.

In other Prologis news, insider Edward S. Nekritz sold 25,000 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $55.31, for a total transaction of $1,382,750.00. Following the sale, the insider now directly owns 199,950 shares of the company’s stock, valued at $11,059,234.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Hamid R. Moghadam sold 271,788 shares of the company’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $56.04, for a total transaction of $15,230,999.52. Following the sale, the chief executive officer now directly owns 36,997 shares in the company, valued at $2,073,311.88. The disclosure for this sale can be found here. Insiders have sold 483,807 shares of company stock worth $27,400,851 over the last ninety days. Insiders own 1.31% of the company’s stock.

About Prologis

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.

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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