SG Americas Securities LLC Decreases Stake in Prologis, Inc. (PLD)
SG Americas Securities LLC reduced its holdings in shares of Prologis, Inc. (NYSE:PLD) by 45.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,793 shares of the real estate investment trust’s stock after selling 39,502 shares during the quarter. SG Americas Securities LLC’s holdings in Prologis were worth $3,033,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Creative Planning grew its stake in shares of Prologis by 3.4% in the second quarter. Creative Planning now owns 2,078 shares of the real estate investment trust’s stock valued at $122,000 after buying an additional 69 shares in the last quarter. Evercore Wealth Management LLC grew its stake in shares of Prologis by 18.2% in the second quarter. Evercore Wealth Management LLC now owns 2,270 shares of the real estate investment trust’s stock valued at $134,000 after buying an additional 350 shares in the last quarter. Solaris Asset Management LLC grew its stake in shares of Prologis by 11.0% in the second quarter. Solaris Asset Management LLC now owns 3,135 shares of the real estate investment trust’s stock valued at $184,000 after buying an additional 310 shares in the last quarter. IFP Advisors Inc grew its stake in shares of Prologis by 40.7% in the second quarter. IFP Advisors Inc now owns 3,164 shares of the real estate investment trust’s stock valued at $186,000 after buying an additional 915 shares in the last quarter. Finally, ETF Managers Group LLC bought a new position in shares of Prologis in the second quarter valued at $193,000. 95.15% of the stock is owned by institutional investors and hedge funds.
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Shares of Prologis, Inc. (PLD) opened at $67.40 on Wednesday. Prologis, Inc. has a twelve month low of $46.33 and a twelve month high of $67.53. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $35,351.53, a price-to-earnings ratio of 23.99, a PEG ratio of 4.45 and a beta of 0.92.
Prologis (NYSE:PLD) last posted its earnings results on Tuesday, October 17th. The real estate investment trust reported $0.67 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.67. The company had revenue of $531.18 million during the quarter, compared to the consensus estimate of $573.68 million. Prologis had a return on equity of 9.93% and a net margin of 68.50%. The company’s revenue was down 5.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.14 earnings per share. research analysts forecast that Prologis, Inc. will post 2.8 EPS for the current fiscal year.
Several equities analysts recently weighed in on PLD shares. KeyCorp reissued a “buy” rating and issued a $65.00 target price on shares of Prologis in a research note on Sunday, August 27th. BidaskClub raised shares of Prologis from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research cut shares of Prologis from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. SunTrust Banks, Inc. raised shares of Prologis from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Tuesday, September 5th. Finally, Bank of America Corporation set a $72.00 price objective on shares of Prologis and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $65.50.
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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