Prologis, Inc. (PLD) Shares Bought by TCW Group Inc.

TCW Group Inc. increased its holdings in Prologis, Inc. (NYSE:PLD) by 46.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 455,156 shares of the real estate investment trust’s stock after acquiring an additional 144,007 shares during the quarter. TCW Group Inc. owned about 0.09% of Prologis worth $28,884,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Capital World Investors lifted its position in Prologis by 181.4% during the second quarter. Capital World Investors now owns 6,640,000 shares of the real estate investment trust’s stock valued at $389,370,000 after buying an additional 4,280,000 shares during the period. Lazard Asset Management LLC raised its position in shares of Prologis by 3,877.2% in 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 purchasing an additional 2,469,949 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Prologis by 2,672.5% in 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 purchasing an additional 1,914,058 shares during the last quarter. APG Asset Management US Inc. raised its position in shares of Prologis by 8.0% in 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 purchasing an additional 1,330,850 shares during the last quarter. Finally, Cbre Clarion Securities LLC raised 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 worth $522,030,000 after purchasing an additional 709,311 shares during the last quarter. 95.54% of the stock is owned by institutional investors.

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Several equities analysts have recently issued reports on the company. Wells Fargo & Company set a $65.00 price target on Prologis and gave the stock a “hold” rating in a research report on Thursday, October 26th. Bank of America Corporation set a $72.00 price objective on Prologis and gave the stock a “buy” rating in a report on Wednesday, October 25th. Citigroup Inc. lifted their price objective on Prologis from $63.00 to $66.00 and gave the stock a “neutral” rating in a report on Thursday, October 19th. BMO Capital Markets set a $69.00 price objective on Prologis and gave the stock a “buy” rating in a report on Tuesday, October 17th. Finally, KeyCorp lifted their price objective on Prologis from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Monday, October 16th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $65.50.

Prologis, Inc. (NYSE PLD) traded up $0.12 during midday trading on Wednesday, reaching $67.19. The company 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. Prologis, Inc. has a one year low of $46.33 and a one year high of $67.25. The stock has a market cap of $35,686.74, a PE ratio of 24.21, a PEG ratio of 4.50 and a beta of 0.92.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Tuesday, October 17th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.67. The business had revenue of $531.18 million for the quarter, compared to analysts’ expectations of $573.68 million. Prologis had a return on equity of 9.93% and a net margin of 68.50%. The company’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.14 EPS. sell-side analysts predict that Prologis, Inc. will post 2.8 earnings per share for the current fiscal year.

Prologis Company Profile

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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