ING Groep NV boosted its stake in Prologis, Inc. (NYSE:PLD) by 106.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 55,952 shares of the real estate investment trust’s stock after buying an additional 28,817 shares during the period. ING Groep NV’s holdings in Prologis were worth $3,551,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Creative Planning boosted its position in shares of Prologis by 3.4% during the 2nd quarter. Creative Planning now owns 2,078 shares of the real estate investment trust’s stock valued at $122,000 after purchasing an additional 69 shares in the last quarter. Evercore Wealth Management LLC boosted its position in shares of Prologis by 18.2% during the 2nd quarter. Evercore Wealth Management LLC now owns 2,270 shares of the real estate investment trust’s stock valued at $134,000 after purchasing an additional 350 shares in the last quarter. Solaris Asset Management LLC boosted its position in shares of Prologis by 11.0% during the 2nd quarter. Solaris Asset Management LLC now owns 3,135 shares of the real estate investment trust’s stock valued at $184,000 after purchasing an additional 310 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Prologis by 40.7% during the 2nd quarter. IFP Advisors Inc now owns 3,164 shares of the real estate investment trust’s stock valued at $186,000 after purchasing an additional 915 shares in the last quarter. Finally, ETF Managers Group LLC bought a new position in shares of Prologis during the 2nd quarter valued at about $193,000. Hedge funds and other institutional investors own 95.15% of the company’s stock.

Prologis, Inc. (NYSE:PLD) traded down $0.51 during mid-day trading on Friday, reaching $66.89. 1,269,600 shares of the company’s stock were exchanged, compared to its average volume of 2,426,945. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.53. Prologis, Inc. has a 52 week low of $46.33 and a 52 week high of $67.53. The stock has a market capitalization of $35,590.96, a price-to-earnings ratio of 24.15, a PEG ratio of 4.47 and a beta of 0.92.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Tuesday, October 17th. The real estate investment trust reported $0.67 EPS for the quarter, meeting analysts’ consensus estimates of $0.67. Prologis had a net margin of 68.50% and a return on equity of 9.93%. The company had revenue of $531.18 million during the quarter, compared to analyst estimates of $573.68 million. During the same period in the prior year, the firm earned $0.14 earnings per share. The business’s quarterly revenue was down 5.2% on a year-over-year basis. analysts forecast that Prologis, Inc. will post 2.81 EPS for the current year.

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Several equities analysts have recently weighed in on the stock. BidaskClub upgraded shares of Prologis from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. KeyCorp reaffirmed a “buy” rating and set a $65.00 price objective on shares of Prologis in a research note on Friday, September 29th. BTIG Research reaffirmed a “buy” rating and set a $68.00 price objective (up from $62.00) on shares of Prologis in a research note on Wednesday, September 27th. Jefferies Group LLC reaffirmed a “hold” rating and set a $66.00 price objective (up from $59.00) on shares of Prologis in a research note on Thursday, August 24th. Finally, BMO Capital Markets set a $69.00 price objective on shares of Prologis and gave the company a “buy” rating in a research note on Tuesday, October 17th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $65.50.

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.

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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