NJ State Employees Deferred Compensation Plan continued to hold its stake in Prologis, Inc. (NYSE:PLD) during the second quarter, Holdings Channel reports. The institutional investor owned 5,464 shares of the real estate investment trust’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan’s holdings in Prologis were worth $320,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Creative Planning raised its stake 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 during the last quarter. Gulf International Bank UK Ltd raised its position in shares of Prologis by 2.9% in the first quarter. Gulf International Bank UK Ltd now owns 162,458 shares of the real estate investment trust’s stock worth $8,428,000 after buying an additional 4,600 shares in the last quarter. National Pension Service raised its position in shares of Prologis by 4.1% in the first quarter. National Pension Service now owns 441,934 shares of the real estate investment trust’s stock worth $22,618,000 after buying an additional 17,584 shares in the last quarter. Bank of Montreal Can raised its position in shares of 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. Finally, Spirit of America Management Corp NY raised its position in shares of Prologis by 2.0% in the first quarter. Spirit of America Management Corp NY now owns 102,725 shares of the real estate investment trust’s stock worth $5,329,000 after buying an additional 2,000 shares in the last quarter. Institutional investors own 95.30% of the company’s stock.

Prologis, Inc. (NYSE PLD) opened at 60.74 on Thursday. Prologis, Inc. has a 12-month low of $45.93 and a 12-month high of $61.81. The stock has a market capitalization of $32.31 billion, a PE ratio of 27.26 and a beta of 0.94. The stock has a 50 day moving average price of $59.38 and a 200-day moving average price of $54.56.

Prologis (NYSE:PLD) last issued its 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 return on equity of 6.65% and a net margin of 43.99%. The firm had revenue of $766.18 million for the quarter, compared to analysts’ expectations of $576 million. During the same period in the previous year, the firm posted $0.60 earnings per share. The business’s revenue was up 27.2% compared to the same quarter last year. On average, equities analysts anticipate that Prologis, Inc. will post ($0.27) earnings per share for the current fiscal year.

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PLD has been the topic of a number of research analyst reports. Stifel Nicolaus upped their target price on Prologis from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, May 30th. Zacks Investment Research upgraded Prologis from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research note on Monday, May 22nd. Bank of America Corporation upgraded Prologis from a “neutral” rating to a “buy” rating and upped their target price for the stock from $58.00 to $65.00 in a research note on Friday, June 23rd. BidaskClub lowered Prologis from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 21st. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $59.00 target price on shares of Prologis in a research note on Thursday, June 8th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Prologis has an average rating of “Buy” and a consensus target price of $59.60.

In other news, Director Carl B. Webb sold 20,000 shares of Prologis stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $61.38, for a total value of $1,227,600.00. Following the sale, the director now directly owns 66,078 shares of the company’s stock, valued at $4,055,867.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edward S. Nekritz sold 25,000 shares of Prologis stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $55.31, for a total value of $1,382,750.00. Following the completion of the sale, the insider now directly owns 199,950 shares in the company, valued at $11,059,234.50. The disclosure for this sale can be found here. Insiders 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.

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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