People s United Financial Inc. increased its stake in shares of Prologis Inc (NYSE:PLD) by 22.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,665 shares of the real estate investment trust’s stock after buying an additional 7,278 shares during the quarter. People s United Financial Inc.’s holdings in Prologis were worth $2,689,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Advisors Preferred LLC boosted its holdings in Prologis by 141.1% in the second quarter. Advisors Preferred LLC now owns 1,685 shares of the real estate investment trust’s stock valued at $111,000 after purchasing an additional 986 shares during the last quarter. Palo Capital Inc. purchased a new stake in Prologis in the third quarter valued at $150,000. Quadrant Capital Group LLC boosted its holdings in Prologis by 48.7% in the third quarter. Quadrant Capital Group LLC now owns 2,507 shares of the real estate investment trust’s stock valued at $158,000 after purchasing an additional 821 shares during the last quarter. Kistler Tiffany Companies LLC purchased a new stake in Prologis in the third quarter valued at $160,000. Finally, Advisory Services Network LLC boosted its holdings in Prologis by 377.6% in the second quarter. Advisory Services Network LLC now owns 3,033 shares of the real estate investment trust’s stock valued at $198,000 after purchasing an additional 2,398 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have commented on PLD. Zacks Investment Research lowered shares of Prologis from a “buy” rating to a “hold” rating in a report on Monday, October 22nd. ValuEngine raised shares of Prologis from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Bank of America upped their price target on shares of Prologis from $72.00 to $73.00 and gave the company a “buy” rating in a report on Monday, September 10th. Deutsche Bank upped their price target on shares of Prologis from $66.00 to $68.00 and gave the company a “hold” rating in a report on Friday, August 24th. Finally, Scotiabank began coverage on shares of Prologis in a report on Tuesday, October 16th. They issued a “sector perform” rating on the stock. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Prologis currently has a consensus rating of “Buy” and a consensus price target of $71.93.

In other Prologis news, insider Edward S. Nekritz sold 18,099 shares of the company’s stock in a transaction dated Friday, September 21st. The shares were sold at an average price of $67.66, for a total value of $1,224,578.34. Following the completion of the transaction, the insider now owns 106,102 shares in the company, valued at $7,178,861.32. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Eugene F. Reilly sold 15,000 shares of the company’s stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $67.20, for a total transaction of $1,008,000.00. Following the completion of the transaction, the chief executive officer now owns 36,685 shares of the company’s stock, valued at approximately $2,465,232. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,907 shares of company stock valued at $3,565,328. Insiders own 1.31% of the company’s stock.

Shares of Prologis stock opened at $66.42 on Thursday. The stock has a market capitalization of $42.09 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 4.40 and a beta of 0.75. Prologis Inc has a fifty-two week low of $58.28 and a fifty-two week high of $68.95. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.32 and a quick ratio of 0.32.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Tuesday, October 16th. The real estate investment trust reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The business had revenue of $611.00 million during the quarter, compared to the consensus estimate of $582.23 million. Prologis had a net margin of 51.66% and a return on equity of 6.65%. The company’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.63 earnings per share. On average, sell-side analysts predict that Prologis Inc will post 3.02 earnings per share for the current year.

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Prologis Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of September 30, 2018, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 771 million square feet (72 million square meters) in 19 countries.

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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