Raymond James Trust N.A. increased its position in shares of Prologis, Inc. (NYSE:PLD) by 1.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,138 shares of the real estate investment trust’s stock after acquiring an additional 409 shares during the quarter. Raymond James Trust N.A.’s holdings in Prologis were worth $1,357,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Guardian Life Insurance Co. of America boosted its position in shares of Prologis by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,039 shares of the real estate investment trust’s stock valued at $106,000 after acquiring an additional 14 shares during the last quarter. 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 acquiring an additional 69 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Prologis by 10.7% during the 1st quarter. IFP Advisors Inc now owns 2,249 shares of the real estate investment trust’s stock valued at $117,000 after acquiring an additional 218 shares during the last quarter. Independent Portfolio Consultants Inc. boosted its position in shares of Prologis by 82.0% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 2,718 shares of the real estate investment trust’s stock valued at $159,000 after acquiring an additional 1,225 shares during the last quarter. Finally, 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 acquiring an additional 310 shares during the last quarter. 96.00% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: “Raymond James Trust N.A. Purchases 409 Shares of Prologis, Inc. (PLD)” was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this report on another site, it was illegally stolen and republished in violation of United States & international trademark & copyright law. The legal version of this report can be read at https://www.watchlistnews.com/raymond-james-trust-n-a-purchases-409-shares-of-prologis-inc-pld/1559372.html.

Several brokerages have recently weighed in on PLD. BMO Capital Markets began coverage on shares of Prologis in a research report on Monday. They set an “outperform” rating and a $69.00 price target on the stock. BidaskClub raised shares of Prologis from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Royal Bank Of Canada reissued a “buy” rating and set a $59.00 price target on shares of Prologis in a research report on Thursday, June 8th. Jefferies Group LLC reissued a “hold” rating and set a $66.00 price target (up previously from $59.00) on shares of Prologis in a research report on Thursday, August 24th. Finally, SunTrust Banks, Inc. raised shares of Prologis from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Tuesday, September 5th. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Prologis presently has a consensus rating of “Buy” and an average target price of $60.56.

In other news, CEO Gary E. Anderson sold 65,000 shares of Prologis 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Carl B. Webb sold 20,000 shares of Prologis stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $61.38, for a total value of $1,227,600.00. Following the completion of the transaction, the director now directly owns 66,078 shares in the company, valued at $4,055,867.64. The disclosure for this sale can be found here. 1.31% of the stock is currently owned by company insiders.

Shares of Prologis, Inc. (NYSE:PLD) traded down 0.91% during mid-day trading on Wednesday, reaching $64.07. 329,859 shares of the company’s stock were exchanged. The stock has a market cap of $34.08 billion, a price-to-earnings ratio of 28.76 and a beta of 0.93. The stock has a 50 day moving average price of $61.86 and a 200 day moving average price of $56.57. Prologis, Inc. has a 52 week low of $45.93 and a 52 week high of $65.13.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Tuesday, July 18th. The real estate investment trust reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. Prologis had a return on equity of 6.65% and a net margin of 43.99%. The firm had revenue of $766.18 million for the quarter, compared to analyst estimates of $576.00 million. During the same period last year, the company earned $0.60 EPS. The firm’s quarterly revenue was up 27.2% on a year-over-year basis. Equities research analysts predict that Prologis, Inc. will post ($0.27) EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Monday, September 18th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Friday, September 15th. Prologis’s payout ratio is 79.28%.

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.

Want to see what other hedge funds are holding PLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Prologis, Inc. (NYSE:PLD).

Institutional Ownership by Quarter for Prologis (NYSE:PLD)

Receive News & Ratings for Prologis Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prologis Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.