Highbridge Capital Management LLC decreased its position in Prologis Inc (NYSE:PLD) by 13.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 201,352 shares of the real estate investment trust’s stock after selling 32,238 shares during the period. Highbridge Capital Management LLC’s holdings in Prologis were worth $13,650,000 at the end of the most recent quarter.

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

A number of equities analysts recently weighed in on the stock. BMO Capital Markets reaffirmed a “buy” rating and issued a $70.00 target price on shares of Prologis in a research note on Tuesday, October 16th. Scotiabank assumed coverage on shares of Prologis in a research note on Tuesday, October 16th. They issued a “sector perform” rating for the company. ValuEngine raised shares of Prologis from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Zacks Investment Research cut shares of Prologis from a “buy” rating to a “hold” rating in a research report on Tuesday, September 18th. Finally, Bank of America boosted their price target on shares of Prologis from $72.00 to $73.00 and gave the stock a “buy” rating in a research report on Monday, September 10th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $71.93.

Shares of NYSE:PLD opened at $66.86 on Wednesday. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.44. Prologis Inc has a one year low of $58.28 and a one year high of $68.95. The stock has a market cap of $42.39 billion, a price-to-earnings ratio of 23.79, a price-to-earnings-growth ratio of 4.52 and a beta of 0.75.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Tuesday, October 16th. The real estate investment trust reported $0.72 EPS for the quarter, topping the consensus estimate of $0.71 by $0.01. Prologis had a net margin of 51.66% and a return on equity of 6.65%. The firm had revenue of $611.00 million for the quarter, compared to analysts’ expectations of $582.23 million. During the same period in the previous year, the firm posted $1.63 EPS. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. As a group, equities analysts forecast that Prologis Inc will post 3.02 EPS for the current fiscal year.

In other Prologis news, Director Philip L. Hawkins sold 15,000 shares of the stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $67.23, for a total value of $1,008,450.00. Following the transaction, the director now directly owns 69,511 shares of the company’s stock, valued at approximately $4,673,224.53. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Irving F. Lyons III sold 4,808 shares of the stock in a transaction dated Friday, September 28th. The shares were sold at an average price of $67.45, for a total transaction of $324,299.60. Following the completion of the transaction, the director now directly owns 9,863 shares in the company, valued at $665,259.35. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,907 shares of company stock worth $3,565,328. Insiders own 1.32% of the company’s stock.

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About Prologis

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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