Mutual of America Capital Management LLC grew its position in Prologis Inc (NYSE:PLD) by 12.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 111,926 shares of the real estate investment trust’s stock after acquiring an additional 12,491 shares during the period. Mutual of America Capital Management LLC’s holdings in Prologis were worth $7,587,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in PLD. Quadrant Capital Group LLC boosted its holdings in shares of Prologis by 48.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 2,507 shares of the real estate investment trust’s stock worth $158,000 after buying an additional 821 shares during the period. FDx Advisors Inc. boosted its holdings in shares of Prologis by 7.3% during the 3rd quarter. FDx Advisors Inc. now owns 12,576 shares of the real estate investment trust’s stock worth $853,000 after buying an additional 855 shares during the period. Bank of Hawaii boosted its holdings in shares of Prologis by 6.4% during the 3rd quarter. Bank of Hawaii now owns 14,475 shares of the real estate investment trust’s stock worth $981,000 after buying an additional 865 shares during the period. Wetherby Asset Management Inc. boosted its holdings in shares of Prologis by 4.5% during the 3rd quarter. Wetherby Asset Management Inc. now owns 21,034 shares of the real estate investment trust’s stock worth $1,426,000 after buying an additional 907 shares during the period. Finally, Checchi Capital Advisers LLC boosted its holdings in shares of Prologis by 17.2% during the 3rd quarter. Checchi Capital Advisers LLC now owns 6,287 shares of the real estate investment trust’s stock worth $426,000 after buying an additional 924 shares during the period. 94.94% of the stock is owned by institutional investors.

Several brokerages recently commented on PLD. ValuEngine raised shares of Prologis from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Zacks Investment Research downgraded shares of Prologis from a “buy” rating to a “hold” rating in a report on Monday, October 22nd. BMO Capital Markets reaffirmed a “buy” rating and set a $70.00 target price on shares of Prologis in a report on Tuesday, October 16th. Scotiabank began coverage on shares of Prologis in a report on Tuesday, October 16th. They set a “sector perform” rating for the company. Finally, Barclays reaffirmed a “buy” rating and set a $70.00 target price on shares of Prologis in a report on Sunday, October 14th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Prologis currently has a consensus rating of “Buy” and an average target price of $71.93.

Shares of Prologis stock opened at $66.86 on Thursday. Prologis Inc has a twelve month low of $58.28 and a twelve month high of $68.95. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $42.09 billion, a price-to-earnings ratio of 23.79, a price-to-earnings-growth ratio of 4.40 and a beta of 0.75.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Tuesday, October 16th. The real estate investment trust reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.01. Prologis had a net margin of 51.66% and a return on equity of 6.65%. The business had revenue of $611.00 million during the quarter, compared to analysts’ expectations of $582.23 million. During the same quarter in the previous year, the company earned $1.63 EPS. The business’s revenue was up 14.2% on a year-over-year basis. As a group, equities research analysts expect that Prologis Inc will post 3.02 EPS for the current fiscal year.

In other news, Director Irving F. Lyons III sold 4,808 shares of the business’s stock in a transaction that occurred on Friday, September 28th. The shares were sold at an average price of $67.45, for a total value of $324,299.60. Following the completion of the transaction, the director now directly owns 9,863 shares in the company, valued at approximately $665,259.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Eugene F. Reilly sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $67.20, for a total transaction of $1,008,000.00. Following the completion of the transaction, the chief executive officer now owns 36,685 shares of the company’s stock, valued at $2,465,232. The disclosure for this sale can be found here. Insiders sold a total of 52,907 shares of company stock valued at $3,565,328 in the last quarter. Corporate insiders own 1.31% of the company’s stock.

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Prologis Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of September 30, 2018, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 771 million square feet (72 million square meters) in 19 countries.

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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