HighPoint Advisor Group LLC Has $238,000 Stake in Prologis, Inc. (PLD)

HighPoint Advisor Group LLC reduced its holdings in shares of Prologis, Inc. (NYSE:PLD) by 95.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,605 shares of the real estate investment trust’s stock after selling 74,924 shares during the quarter. HighPoint Advisor Group LLC’s holdings in Prologis were worth $238,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in PLD. Capital World Investors boosted its position in shares of Prologis by 181.4% during the 2nd quarter. Capital World Investors now owns 6,640,000 shares of the real estate investment trust’s stock worth $389,370,000 after acquiring an additional 4,280,000 shares in the last quarter. Lazard Asset Management LLC boosted its position in shares of Prologis by 3,877.2% during the 2nd quarter. Lazard Asset Management LLC now owns 2,533,654 shares of the real estate investment trust’s stock worth $148,573,000 after acquiring an additional 2,469,949 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Prologis by 2,672.5% during the 2nd quarter. Janus Henderson Group PLC now owns 1,985,678 shares of the real estate investment trust’s stock worth $116,440,000 after acquiring an additional 1,914,058 shares in the last quarter. APG Asset Management US Inc. boosted its position in shares of Prologis by 8.0% during the 3rd quarter. APG Asset Management US Inc. now owns 17,942,319 shares of the real estate investment trust’s stock worth $1,138,620,000 after acquiring an additional 1,330,850 shares in the last quarter. Finally, Cbre Clarion Securities LLC boosted its position in shares of Prologis by 8.7% in the 2nd quarter. Cbre Clarion Securities LLC now owns 8,902,292 shares of the real estate investment trust’s stock valued at $522,030,000 after purchasing an additional 709,311 shares during the period. 95.54% of the stock is owned by institutional investors and hedge funds.

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Prologis, Inc. (NYSE:PLD) traded up $0.12 on Wednesday, reaching $67.19. The company’s stock had a trading volume of 1,869,800 shares, compared to its average volume of 2,447,725. 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 stock has a market cap of $35,686.74, a P/E ratio of 24.21, a PEG ratio of 4.50 and a beta of 0.92. Prologis, Inc. has a 12-month low of $46.33 and a 12-month high of $67.25.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Tuesday, October 17th. The real estate investment trust reported $0.67 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.67. The firm 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 firm’s revenue was down 5.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.14 EPS. analysts predict that Prologis, Inc. will post 2.8 earnings per share for the current fiscal year.

A number of brokerages recently issued reports on PLD. BMO Capital Markets began coverage on Prologis in a research report on Monday, September 11th. They issued an “outperform” rating and a $69.00 target price for the company. SunTrust Banks, Inc. raised Prologis from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research report on Tuesday, September 5th. Zacks Investment Research raised Prologis from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research report on Monday, July 31st. Bank of America Corporation set a $72.00 target price on Prologis and gave the company a “buy” rating in a research report on Wednesday, October 25th. Finally, KeyCorp reissued a “buy” rating and issued a $65.00 target price on shares of Prologis in a research report on Friday, September 29th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $65.50.

About Prologis

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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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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