Legal & General Group Plc grew its stake in shares of Prologis Inc (NYSE:PLD) by 4.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 4,117,068 shares of the real estate investment trust’s stock after purchasing an additional 169,636 shares during the period. Legal & General Group Plc owned about 0.77% of Prologis worth $261,268,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of PLD. Creative Planning grew its holdings in shares of Prologis by 3.4% in the second quarter. Creative Planning now owns 2,078 shares of the real estate investment trust’s stock valued at $122,000 after acquiring an additional 69 shares in the last quarter. Evercore Wealth Management LLC grew its holdings in shares of Prologis by 18.2% in the second quarter. Evercore Wealth Management LLC now owns 2,270 shares of the real estate investment trust’s stock valued at $134,000 after acquiring an additional 350 shares in the last quarter. Solaris Asset Management LLC grew its holdings in shares of Prologis by 11.0% in the second quarter. Solaris Asset Management LLC now owns 3,135 shares of the real estate investment trust’s stock valued at $184,000 after acquiring an additional 310 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Prologis by 40.7% in the second quarter. IFP Advisors Inc now owns 3,164 shares of the real estate investment trust’s stock valued at $186,000 after acquiring an additional 915 shares in the last quarter. Finally, ETF Managers Group LLC bought a new position in shares of Prologis in the second quarter valued at approximately $193,000. 95.15% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on PLD shares. Zacks Investment Research raised Prologis from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a report on Monday, July 31st. BidaskClub upgraded Prologis from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Jefferies Group LLC reiterated a “hold” rating and issued a $66.00 price objective (up previously from $59.00) on shares of Prologis in a research note on Thursday, August 24th. KeyCorp reiterated a “buy” rating and issued a $65.00 price objective on shares of Prologis in a research note on Sunday, August 27th. Finally, SunTrust Banks, Inc. upgraded Prologis from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research note on Tuesday, September 5th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Prologis presently has an average rating of “Buy” and a consensus target price of $65.50.

Prologis Inc (PLD) traded up $0.17 during trading hours on Monday, hitting $67.06. The company’s stock had a trading volume of 451,300 shares, compared to its average volume of 2,418,242. The stock has a market capitalization of $35,680.00, a P/E ratio of 24.21, a P/E/G ratio of 4.48 and a beta of 0.92. Prologis Inc has a 12-month low of $48.33 and a 12-month high of $67.53. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.53.

Prologis (NYSE:PLD) last posted its earnings results on Tuesday, October 17th. The real estate investment trust reported $0.67 earnings per share (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 return on equity of 23.25% and a net margin of 151.51%. The business’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.14 earnings per share. equities analysts forecast that Prologis Inc will post 2.8 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Legal & General Group Plc Buys 169,636 Shares of Prologis Inc (PLD)” was published by Watch List News and is the property of of Watch List News. If you are viewing this story on another domain, it was stolen and republished in violation of United States and international copyright law. The original version of this story can be accessed at https://www.watchlistnews.com/legal-general-group-plc-buys-169636-shares-of-prologis-inc-pld/1729583.html.

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.

Want to see what other hedge funds are holding PLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Prologis Inc (NYSE:PLD).

Institutional Ownership by Quarter for Prologis (NYSE:PLD)

Receive News & Ratings for Prologis Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prologis Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.