Ray Gerald L & Associates Ltd. Maintains Position in Prologis, Inc. (PLD)
Ray Gerald L & Associates Ltd. held its stake in Prologis, Inc. (NYSE:PLD) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,900 shares of the real estate investment trust’s stock at the end of the second quarter. Ray Gerald L & Associates Ltd.’s holdings in Prologis were worth $463,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the stock. Creative Planning increased its stake in Prologis by 13.2% in the first quarter. Creative Planning now owns 2,009 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 234 shares during the last quarter. Guardian Life Insurance Co. of America increased its stake in 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 worth $106,000 after buying an additional 14 shares during the last quarter. IFP Advisors Inc increased its stake in Prologis by 10.7% in the first quarter. IFP Advisors Inc now owns 2,249 shares of the real estate investment trust’s stock worth $117,000 after buying an additional 218 shares during the last quarter. Solaris Asset Management LLC increased its stake in 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 worth $147,000 after buying an additional 50 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. increased its stake in Prologis by 82.0% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,718 shares of the real estate investment trust’s stock worth $159,000 after buying an additional 1,225 shares during the last quarter. Institutional investors own 95.99% of the company’s stock.
Prologis, Inc. (NYSE PLD) opened at 62.46 on Thursday. The stock has a market capitalization of $33.22 billion, a P/E ratio of 28.03 and a beta of 0.94. The company has a 50 day moving average of $60.38 and a 200-day moving average of $55.51. Prologis, Inc. has a one year low of $45.93 and a one year high of $63.08.
Prologis (NYSE:PLD) last announced its earnings results on Tuesday, July 18th. The real estate investment trust reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.06. Prologis had a return on equity of 6.65% and a net margin of 43.99%. The company had revenue of $766.18 million for the quarter, compared to analyst estimates of $576 million. During the same period in the prior year, the company posted $0.60 EPS. The firm’s quarterly revenue was up 27.2% compared to the same quarter last year. Equities research analysts predict that Prologis, Inc. will post ($0.27) earnings per share for the current fiscal year.
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Several equities research analysts recently commented on the stock. Stifel Nicolaus lifted their target price on shares of Prologis from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, May 30th. Royal Bank Of Canada reiterated a “buy” rating and set a $59.00 target price on shares of Prologis in a research report on Thursday, June 8th. Zacks Investment Research upgraded shares of Prologis from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a research report on Wednesday, June 14th. Bank of America Corporation upgraded shares of Prologis from a “neutral” rating to a “buy” rating and raised their price target for the stock from $58.00 to $65.00 in a report on Friday, June 23rd. Finally, BidaskClub lowered shares of Prologis from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 21st. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $60.00.
In other news, CEO Gary E. Anderson sold 65,000 shares of the stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $58.55, for a total value of $3,805,750.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Hamid R. Moghadam sold 71,102 shares of the stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $56.34, for a total value of $4,005,886.68. Following the completion of the transaction, the chief executive officer now directly owns 71,102 shares in the company, valued at $4,005,886.68. The disclosure for this sale can be found here. Insiders sold 172,952 shares of company stock worth $9,999,350 over the last three months. Corporate insiders own 1.31% of the company’s stock.
Prologis Company 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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