Xact Kapitalforvaltning AB raised its holdings in shares of Prologis Inc (NYSE:PLD) by 4.7% during the third quarter, HoldingsChannel.com reports. The fund owned 191,823 shares of the real estate investment trust’s stock after purchasing an additional 8,549 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Prologis were worth $13,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. BB&T Securities LLC increased its holdings in shares of Prologis by 24.9% in the first quarter. BB&T Securities LLC now owns 4,806 shares of the real estate investment trust’s stock worth $302,000 after purchasing an additional 957 shares during the period. Bourgeon Capital Management LLC increased its holdings in shares of Prologis by 1.9% in the second quarter. Bourgeon Capital Management LLC now owns 52,950 shares of the real estate investment trust’s stock worth $3,478,000 after purchasing an additional 970 shares during the period. Advisors Preferred LLC increased its holdings in shares of Prologis by 141.1% in the second quarter. Advisors Preferred LLC now owns 1,685 shares of the real estate investment trust’s stock worth $111,000 after purchasing an additional 986 shares during the period. State Treasurer State of Michigan increased its holdings in shares of Prologis by 0.6% in the second quarter. State Treasurer State of Michigan now owns 157,917 shares of the real estate investment trust’s stock worth $10,374,000 after purchasing an additional 1,000 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in Prologis by 0.7% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 158,953 shares of the real estate investment trust’s stock worth $10,442,000 after acquiring an additional 1,032 shares in the last quarter. 80.65% of the stock is currently owned by institutional investors and hedge funds.

NYSE:PLD traded up $0.31 during midday trading on Friday, hitting $63.38. The company had a trading volume of 7,961 shares, compared to its average volume of 2,987,261. Prologis Inc has a 52-week low of $58.28 and a 52-week high of $68.20. The firm has a market capitalization of $39.57 billion, a PE ratio of 22.58, a price-to-earnings-growth ratio of 4.11 and a beta of 0.72. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.73 and a current ratio of 0.17.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Tuesday, October 16th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.01. Prologis had a net margin of 51.66% and a return on equity of 6.64%. The business had revenue of $611.00 million during the quarter, compared to analyst estimates of $582.23 million. During the same period in the prior year, the business posted $1.63 earnings per share. The company’s revenue was up 14.2% on a year-over-year basis. On average, sell-side analysts forecast that Prologis Inc will post 3.01 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Monday, September 17th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Friday, September 14th. This represents a $1.92 annualized dividend and a yield of 3.03%. Prologis’s payout ratio is 68.33%.

In other Prologis news, Director J Michael Losh sold 6,762 shares of the company’s stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $65.63, for a total transaction of $443,790.06. Following the completion of the sale, the director now directly owns 28,101 shares in the company, valued at $1,844,268.63. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William D. Zollars sold 8,020 shares of the company’s stock in a transaction dated Monday, July 23rd. The shares were sold at an average price of $62.45, for a total transaction of $500,849.00. Following the sale, the director now owns 11,490 shares of the company’s stock, valued at $717,550.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,690 shares of company stock valued at $3,501,582. Company insiders own 1.31% of the company’s stock.

Several research analysts recently issued reports on the stock. Scotiabank assumed coverage on shares of Prologis in a research report on Tuesday. They issued a “sector perform” rating for the company. Zacks Investment Research lowered shares of Prologis from a “buy” rating to a “hold” rating in a research report on Tuesday, July 3rd. Jefferies Financial Group reiterated a “$62.97” rating and issued a $79.00 target price on shares of Prologis in a research report on Wednesday, July 18th. BMO Capital Markets reiterated a “buy” rating and issued a $70.00 target price on shares of Prologis in a research report on Tuesday. Finally, ValuEngine upgraded shares of Prologis from a “hold” rating to a “buy” rating in a research report on Thursday, July 5th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $71.47.

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.

Read More: Stop Order

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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prologis and related companies with MarketBeat.com's FREE daily email newsletter.