BT Investment Management Ltd lifted its stake in shares of Prologis, Inc. (NYSE:PLD) by 0.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 206,846 shares of the real estate investment trust’s stock after acquiring an additional 1,500 shares during the quarter. BT Investment Management Ltd’s holdings in Prologis were worth $13,128,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of PLD. Capital World Investors increased its position in shares of Prologis by 181.4% during the second quarter. Capital World Investors now owns 6,640,000 shares of the real estate investment trust’s stock worth $389,370,000 after acquiring an additional 4,280,000 shares during the period. Lazard Asset Management LLC grew its holdings in Prologis by 3,877.2% in the second quarter. 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 during the last quarter. Swedbank purchased a new position in Prologis in the second quarter worth $120,268,000. Janus Henderson Group PLC grew its holdings in Prologis by 2,672.5% in the second quarter. Janus Henderson Group PLC now owns 1,985,678 shares of the real estate investment trust’s stock worth $116,440,000 after purchasing an additional 1,914,058 shares during the last quarter. Finally, APG Asset Management US Inc. grew its holdings in Prologis by 8.0% in the third quarter. APG Asset Management US Inc. now owns 17,942,319 shares of the real estate investment trust’s stock worth $1,138,620,000 after purchasing an additional 1,330,850 shares during the last quarter. 95.74% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have issued reports on PLD. BidaskClub raised shares of Prologis from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. KeyCorp reiterated a “buy” rating and set a $65.00 price objective on shares of Prologis in a research note on Friday, September 29th. Wells Fargo & Company set a $65.00 price objective on shares of Prologis and gave the stock a “hold” rating in a research note on Thursday, October 26th. BTIG Research restated a “buy” rating and set a $68.00 target price (up from $62.00) on shares of Prologis in a research report on Wednesday, September 27th. Finally, Bank of America Corporation set a $72.00 target price on shares of Prologis and gave the company a “buy” rating in a research report on Wednesday, October 25th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Prologis presently has an average rating of “Buy” and an average target price of $64.80.

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Prologis, Inc. (PLD) traded up $0.33 during mid-day trading on Monday, hitting $66.27. 2,414,209 shares of the stock were exchanged, compared to its average volume of 2,098,092. The stock has a market capitalization of $35,261.07, a PE ratio of 23.92, a P/E/G ratio of 4.44 and a beta of 0.92. 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, Inc. has a twelve month low of $45.93 and a twelve month high of $66.83.

Prologis (NYSE:PLD) last released its earnings results on Tuesday, October 17th. The real estate investment trust reported $0.67 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 company’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.14 earnings per share. equities research analysts expect that Prologis, Inc. will post 2.8 earnings per share for the current year.

Prologis Company 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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