First National Trust Co. lessened its holdings in shares of Prologis, Inc. (NYSE:PLD) by 29.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,414 shares of the real estate investment trust’s stock after selling 4,246 shares during the quarter. First National Trust Co.’s holdings in Prologis were worth $661,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Creative Planning increased its stake in 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 purchasing an additional 69 shares in the last quarter. Evercore Wealth Management LLC increased its stake in Prologis by 18.2% during the 2nd quarter. Evercore Wealth Management LLC now owns 2,270 shares of the real estate investment trust’s stock valued at $134,000 after purchasing an additional 350 shares in the last quarter. Solaris Asset Management LLC increased its stake in Prologis by 11.0% during the 2nd quarter. Solaris Asset Management LLC now owns 3,135 shares of the real estate investment trust’s stock valued at $184,000 after purchasing an additional 310 shares in the last quarter. IFP Advisors Inc increased its stake in Prologis by 40.7% during the 2nd quarter. IFP Advisors Inc now owns 3,164 shares of the real estate investment trust’s stock valued at $186,000 after purchasing an additional 915 shares in the last quarter. Finally, ETF Managers Group LLC bought a new stake in Prologis during the 2nd quarter valued at $193,000. Institutional investors and hedge funds own 95.54% of the company’s stock.

Shares of Prologis, Inc. (NYSE PLD) traded up $0.85 during trading hours on Tuesday, hitting $67.07. 1,613,600 shares of the company were exchanged, compared to its average volume of 2,450,364. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.53. The stock has a market cap of $35,234.47, a P/E ratio of 23.91, a P/E/G ratio of 4.44 and a beta of 0.92. Prologis, Inc. has a 52 week low of $45.93 and a 52 week high of $67.22.

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

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A number of brokerages have commented on PLD. BidaskClub upgraded shares of Prologis from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. KeyCorp restated a “buy” rating and set a $65.00 price target on shares of Prologis in a research note on Friday, September 29th. BTIG Research restated a “buy” rating and set a $68.00 price target (up previously from $62.00) on shares of Prologis in a research note on Wednesday, September 27th. Jefferies Group LLC restated a “hold” rating and set a $66.00 price target (up previously from $59.00) on shares of Prologis in a research note on Thursday, August 24th. Finally, BMO Capital Markets set a $69.00 price objective on shares of Prologis and gave the stock a “buy” rating in a report on Tuesday, October 17th. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $65.50.

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.

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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