Pioneer Investment Management Inc. cut its position in shares of Prologis Inc (NYSE:PLD) by 1.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 183,300 shares of the real estate investment trust’s stock after selling 2,900 shares during the period. Pioneer Investment Management Inc.’s holdings in Prologis were worth $10,749,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the stock. Creative Planning boosted its stake in shares of 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 period. Bank of Montreal Can boosted its stake 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 during the period. Capstone Asset Management Co. boosted its stake in shares of Prologis by 1.8% in the first quarter. Capstone Asset Management Co. now owns 60,020 shares of the real estate investment trust’s stock worth $3,114,000 after buying an additional 1,080 shares during the period. BKD Wealth Advisors LLC boosted its stake in shares of Prologis by 5.6% in the first quarter. BKD Wealth Advisors LLC now owns 6,014 shares of the real estate investment trust’s stock worth $312,000 after buying an additional 319 shares during the period. Finally, Graybill Bartz & Assoc Ltd. boosted its stake in shares of Prologis by 2.3% in the first quarter. Graybill Bartz & Assoc Ltd. now owns 49,830 shares of the real estate investment trust’s stock worth $2,585,000 after buying an additional 1,100 shares during the period. 95.30% of the stock is owned by institutional investors.

Shares of Prologis Inc (NYSE:PLD) opened at 59.71 on Friday. The stock has a 50 day moving average of $59.49 and a 200 day moving average of $54.65. The stock has a market capitalization of $31.76 billion, a PE ratio of 26.80 and a beta of 0.94. Prologis Inc has a 52-week low of $45.93 and a 52-week high of $61.81.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Tuesday, July 18th. The real estate investment trust reported $0.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.06. Prologis had a net margin of 37.59% and a return on equity of 7.27%. The business had revenue of $766.18 million for the quarter, compared to analysts’ expectations of $576 million. During the same quarter in the previous year, the business posted $0.60 earnings per share. The business’s revenue was up 27.2% compared to the same quarter last year. Analysts forecast that Prologis Inc will post ($0.27) earnings per share for the current year.

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A number of equities research analysts have recently issued reports on PLD shares. Evercore ISI upped their price objective on shares of Prologis from $58.00 to $59.00 and gave the company an “outperform” rating in a research note on Wednesday, April 19th. Zacks Investment Research cut shares of Prologis from a “buy” rating to a “hold” rating in a research note on Thursday, April 20th. Citigroup Inc. upped their price objective on shares of Prologis from $50.00 to $56.00 and gave the company a “neutral” rating in a research note on Tuesday, April 25th. Stifel Nicolaus upped their price objective on shares of Prologis from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, May 30th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $59.00 price objective 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 issued a buy rating to the company’s stock. Prologis has an average rating of “Buy” and an average target price of $59.60.

In other Prologis news, insider Edward S. Nekritz sold 16,850 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $56.98, for a total transaction of $960,113.00. Following the transaction, the insider now owns 191,800 shares in the company, valued at $10,928,764. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Edward S. Nekritz sold 25,000 shares of the business’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $55.31, for a total transaction of $1,382,750.00. Following the sale, the insider now directly owns 199,950 shares of the company’s stock, valued at $11,059,234.50. The disclosure for this sale can be found here. Insiders have sold 483,807 shares of company stock worth $27,400,851 in the last quarter. Company 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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