Stevens Capital Management LP boosted its stake in shares of Prologis Inc (NYSE:PLD) by 93.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 267,881 shares of the real estate investment trust’s stock after buying an additional 129,130 shares during the period. Stevens Capital Management LP’s holdings in Prologis were worth $17,597,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. State Treasurer State of Michigan increased its position in Prologis by 0.6% during the 1st quarter. State Treasurer State of Michigan now owns 156,917 shares of the real estate investment trust’s stock valued at $9,884,000 after buying an additional 900 shares in the last quarter. IFP Advisors Inc increased its position in Prologis by 50.7% during the 1st quarter. IFP Advisors Inc now owns 2,809 shares of the real estate investment trust’s stock valued at $177,000 after buying an additional 945 shares in the last quarter. CAMG Solamere Management LLC increased its position in Prologis by 1.6% during the 1st quarter. CAMG Solamere Management LLC now owns 60,446 shares of the real estate investment trust’s stock valued at $3,807,000 after buying an additional 952 shares in the last quarter. BB&T Securities LLC increased its position in Prologis by 24.9% during the 1st quarter. BB&T Securities LLC now owns 4,806 shares of the real estate investment trust’s stock valued at $302,000 after buying an additional 957 shares in the last quarter. Finally, Bourgeon Capital Management LLC increased its position in Prologis by 1.9% during the 2nd quarter. Bourgeon Capital Management LLC now owns 52,950 shares of the real estate investment trust’s stock valued at $3,478,000 after buying an additional 970 shares in the last quarter. 95.62% of the stock is owned by institutional investors.

Shares of Prologis stock traded down $1.02 on Tuesday, reaching $66.73. The company’s stock had a trading volume of 103,872 shares, compared to its average volume of 3,201,287. The firm has a market cap of $35.96 billion, a price-to-earnings ratio of 23.85, a PEG ratio of 4.80 and a beta of 0.80. Prologis Inc has a 52 week low of $58.28 and a 52 week high of $68.20. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.51.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Tuesday, July 17th. The real estate investment trust reported $0.71 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.71. Prologis had a return on equity of 10.11% and a net margin of 74.17%. The company had revenue of $621.00 million during the quarter, compared to analyst estimates of $557.43 million. During the same quarter in the previous year, the company posted $0.84 earnings per share. Prologis’s revenue was down 18.9% compared to the same quarter last year. equities research analysts forecast that Prologis Inc will post 3.01 EPS for the current fiscal year.

In related news, Director William D. Zollars sold 4,750 shares of Prologis stock in a transaction on Friday, June 15th. The stock was sold at an average price of $64.06, for a total value of $304,285.00. Following the completion of the sale, the director now owns 19,510 shares of the company’s stock, valued at $1,249,810.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael S. Curless sold 14,568 shares of Prologis stock in a transaction on Thursday, June 7th. The stock was sold at an average price of $66.07, for a total value of $962,507.76. The disclosure for this sale can be found here. Insiders sold 56,416 shares of company stock valued at $3,659,194 in the last ninety days. 1.32% of the stock is currently owned by corporate insiders.

A number of analysts have commented on PLD shares. Zacks Investment Research raised Prologis from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a report on Wednesday, June 20th. Barclays lifted their target price on Prologis from $71.00 to $73.00 and gave the stock an “overweight” rating in a report on Thursday, August 2nd. ValuEngine lowered Prologis from a “buy” rating to a “hold” rating in a report on Thursday, July 19th. Royal Bank of Canada set a $71.00 target price on Prologis and gave the stock a “buy” rating in a report on Wednesday, April 25th. Finally, Robert W. Baird set a $73.00 target price on Prologis and gave the stock a “buy” rating in a report on Tuesday, April 24th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Prologis presently has a consensus rating of “Buy” and an average price target of $70.33.

Prologis Company Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of June 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 685 million square feet (64 million square meters) in 19 countries.

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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