Sarasin & Partners LLP Has $24.22 Million Stake in Prologis, Inc. (PLD)
Sarasin & Partners LLP increased its position in Prologis, Inc. (NYSE:PLD) by 2.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 413,080 shares of the real estate investment trust’s stock after buying an additional 8,171 shares during the period. Sarasin & Partners LLP’s holdings in Prologis were worth $24,223,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Brookfield Asset Management Inc. acquired a new position in shares of Prologis during the first quarter worth about $227,403,000. Graybill Bartz & Assoc Ltd. increased its position in shares of Prologis by 2.3% in the first quarter. Graybill Bartz & Assoc Ltd. now owns 49,830 shares of the real estate investment trust’s stock worth $2,585,000 after buying an additional 1,100 shares during the period. Capital Impact Advisors LLC acquired a new position in shares of Prologis during the first quarter worth about $1,775,000. Sprott Inc. acquired a new position in shares of Prologis during the first quarter worth about $306,000. Finally, Ameriprise Financial Inc. increased its position in shares of Prologis by 13.4% in the first quarter. Ameriprise Financial Inc. now owns 3,578,338 shares of the real estate investment trust’s stock worth $185,307,000 after buying an additional 422,806 shares during the period. 95.57% of the stock is owned by institutional investors and hedge funds.
Shares of Prologis, Inc. (NYSE PLD) opened at 61.33 on Tuesday. The stock has a market cap of $32.62 billion, a PE ratio of 27.53 and a beta of 0.94. The stock’s 50 day moving average price is $59.57 and its 200 day moving average price is $54.76. Prologis, Inc. has a 1-year low of $45.93 and a 1-year high of $61.81.
Prologis (NYSE:PLD) last released its quarterly earnings data on Tuesday, July 18th. The real estate investment trust reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $766.18 million during the quarter, compared to analyst estimates of $576 million. During the same quarter in the previous year, the firm posted $0.60 EPS. The business’s revenue for the quarter was up 27.2% compared to the same quarter last year. On average, equities research analysts anticipate that Prologis, Inc. will post ($0.27) EPS for the current fiscal year.
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A number of equities analysts recently issued reports on the company. Stifel Nicolaus upped their price target on Prologis from $57.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, May 30th. Royal Bank Of Canada reiterated a “buy” rating and issued a $59.00 price objective on shares of Prologis in a research note on Thursday, June 8th. Zacks Investment Research upgraded Prologis from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research note on Wednesday, June 14th. Citigroup Inc. boosted their price objective on Prologis from $50.00 to $56.00 and gave the company a “neutral” rating in a research note on Tuesday, April 25th. Finally, Bank of America Corporation upgraded Prologis from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $58.00 to $65.00 in a research note on Friday, June 23rd. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $59.60.
In other news, insider Edward S. Nekritz sold 25,000 shares of the business’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $55.31, for a total value of $1,382,750.00. Following the sale, the insider now owns 199,950 shares of the company’s stock, valued at approximately $11,059,234.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Hamid R. Moghadam sold 14,067 shares of the business’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $56.00, for a total value of $787,752.00. Following the completion of the sale, the chief executive officer now directly owns 3,267 shares in the company, valued at approximately $182,952. The disclosure for this sale can be found here. Insiders have sold a total of 483,807 shares of company stock worth $27,400,851 in the last ninety days. 1.31% of the stock is owned by company insiders.
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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