Prologis, Inc. (PLD) Shares Bought by DekaBank Deutsche Girozentrale
DekaBank Deutsche Girozentrale increased its holdings in shares of Prologis, Inc. (NYSE:PLD) by 9.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 122,255 shares of the real estate investment trust’s stock after purchasing an additional 10,536 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Prologis were worth $7,733,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of PLD. Creative Planning grew its holdings in Prologis by 3.4% during the second quarter. Creative Planning now owns 2,078 shares of the real estate investment trust’s stock worth $122,000 after purchasing an additional 69 shares during the period. Evercore Wealth Management LLC boosted its holdings in shares of Prologis by 18.2% during the second quarter. Evercore Wealth Management LLC now owns 2,270 shares of the real estate investment trust’s stock worth $134,000 after acquiring an additional 350 shares during the period. Solaris Asset Management LLC boosted its holdings in shares of Prologis by 11.0% during the second quarter. Solaris Asset Management LLC now owns 3,135 shares of the real estate investment trust’s stock worth $184,000 after acquiring an additional 310 shares during the period. IFP Advisors Inc boosted its holdings in shares of Prologis by 40.7% during the second quarter. IFP Advisors Inc now owns 3,164 shares of the real estate investment trust’s stock worth $186,000 after acquiring an additional 915 shares during the period. Finally, ETF Managers Group LLC bought a new stake in shares of Prologis during the second quarter worth approximately $193,000. Institutional investors and hedge funds own 95.54% of the company’s stock.
A number of brokerages have recently issued reports on PLD. Citigroup Inc. boosted their price objective on Prologis from $63.00 to $66.00 and gave the stock a “neutral” rating in a report on Thursday, October 19th. KeyCorp boosted their price objective on Prologis from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Monday, October 16th. BMO Capital Markets began coverage on Prologis in a report on Monday, September 11th. They set an “outperform” rating and a $69.00 price objective for the company. Stifel Nicolaus restated a “buy” rating and set a $65.00 price objective on shares of Prologis in a report on Thursday, September 21st. Finally, SunTrust Banks, Inc. restated a “buy” rating and set a $68.00 price objective on shares of Prologis in a report on Thursday, October 12th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $65.50.
Prologis, Inc. (PLD) traded down $0.75 during midday trading on Friday, hitting $66.30. 1,302,837 shares of the stock were exchanged, compared to its average volume of 2,441,171. The company has a current ratio of 0.80, a quick 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 $67.25. The firm has a market capitalization of $35,680.00, a P/E ratio of 24.26, a price-to-earnings-growth ratio of 4.50 and a beta of 0.92.
Prologis (NYSE:PLD) last released its quarterly earnings results on Tuesday, October 17th. The real estate investment trust reported $0.67 earnings per share 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 the consensus estimate of $573.68 million. During the same period in the previous year, the business earned $0.14 earnings per share. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. research analysts predict that Prologis, Inc. will post 2.8 earnings per share for the current year.
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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