Wetherby Asset Management Inc. increased its stake in Prologis, Inc. (NYSE:PLD) by 40.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,095 shares of the real estate investment trust’s stock after buying an additional 5,202 shares during the period. Wetherby Asset Management Inc.’s holdings in Prologis were worth $1,061,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Guardian Life Insurance Co. of America raised its stake in shares of Prologis by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,039 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 14 shares during the last quarter. Solaris Asset Management LLC raised its stake in shares of Prologis by 1.8% in the first quarter. Solaris Asset Management LLC now owns 2,825 shares of the real estate investment trust’s stock valued at $147,000 after buying an additional 50 shares during the last quarter. Shine Investment Advisory Services Inc. raised its stake in shares of Prologis by 0.6% in the second quarter. Shine Investment Advisory Services Inc. now owns 8,929 shares of the real estate investment trust’s stock valued at $524,000 after buying an additional 52 shares during the last quarter. Creative Planning raised its stake 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 buying an additional 69 shares during the last quarter. Finally, Quadrant Capital Management LLC raised its stake in shares of Prologis by 0.3% in the first quarter. Quadrant Capital Management LLC now owns 22,621 shares of the real estate investment trust’s stock valued at $1,174,000 after buying an additional 75 shares during the last quarter. 95.30% of the stock is owned by institutional investors.

Prologis, Inc. (PLD) opened at 60.74 on Thursday. The firm has a market cap of $32.31 billion, a PE ratio of 27.26 and a beta of 0.94. The stock’s 50 day moving average is $59.38 and its 200 day moving average is $54.56. Prologis, Inc. has a 12 month low of $45.93 and a 12 month 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 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The firm had revenue of $766.18 million during the quarter, compared to analysts’ expectations of $576 million. Prologis had a return on equity of 6.65% and a net margin of 43.99%. The firm’s quarterly revenue was up 27.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 EPS. On average, equities analysts forecast that Prologis, Inc. will post ($0.27) earnings per share for the current year.

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PLD has been the subject of a number of research reports. Evercore ISI upped their target price on shares of Prologis from $58.00 to $59.00 and gave the stock an “outperform” rating in a report on Wednesday, April 19th. Zacks Investment Research raised shares of Prologis from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a report on Monday, May 22nd. Citigroup Inc. upped their target price on shares of Prologis from $50.00 to $56.00 and gave the stock a “neutral” rating in a report on Tuesday, April 25th. Barclays PLC reaffirmed an “overweight” rating and set a $61.00 target price (up previously from $59.00) on shares of Prologis in a report on Monday, July 24th. Finally, KeyCorp upped their target price on shares of Prologis from $62.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, July 25th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $59.60.

In related 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 transaction of $1,227,600.00. Following the completion of the sale, the director now owns 66,078 shares in the company, valued at approximately $4,055,867.64. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Hamid R. Moghadam sold 271,788 shares of Prologis stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $56.04, for a total value of $15,230,999.52. Following the sale, the chief executive officer now owns 36,997 shares of the company’s stock, valued at approximately $2,073,311.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 483,807 shares of company stock valued at $27,400,851. 1.31% of the stock is currently owned by company insiders.

About Prologis

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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