Wealthstreet Investment Advisors LLC bought a new stake in shares of Prologis Inc (NYSE:PLD) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 7,900 shares of the real estate investment trust’s stock, valued at approximately $510,000.
A number of other institutional investors also recently made changes to their positions in PLD. APG Asset Management US Inc. raised its stake in shares of Prologis by 8.0% during the third 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. JPMorgan Chase & Co. raised its stake in shares of Prologis by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 11,786,598 shares of the real estate investment trust’s stock worth $749,039,000 after acquiring an additional 463,559 shares in the last quarter. APG Asset Management N.V. raised its stake in shares of Prologis by 17.3% during the fourth quarter. APG Asset Management N.V. now owns 2,807,881 shares of the real estate investment trust’s stock worth $150,846,000 after acquiring an additional 414,703 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Prologis by 8.4% during the third quarter. Schwab Charles Investment Management Inc. now owns 4,834,619 shares of the real estate investment trust’s stock worth $306,805,000 after acquiring an additional 376,634 shares in the last quarter. Finally, Bluestein R H & Co. purchased a new position in shares of Prologis during the third quarter worth approximately $20,861,000. Institutional investors and hedge funds own 95.17% of the company’s stock.
PLD has been the topic of several research reports. Citigroup lifted their price target on shares of Prologis from $63.00 to $66.00 and gave the stock a “neutral” rating in a research note on Thursday, October 19th. Bank of America set a $72.00 price target on shares of Prologis and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Wells Fargo & Co set a $65.00 price target on shares of Prologis and gave the stock a “hold” rating in a research note on Thursday, October 26th. Evercore ISI raised shares of Prologis from an “in-line” rating to an “outperform” rating in a research note on Monday, December 4th. Finally, JPMorgan Chase & Co. downgraded shares of Prologis from an “overweight” rating to a “neutral” rating and set a $66.00 price target on the stock. in a research note on Friday, December 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $67.06.
Prologis Inc (NYSE PLD) opened at $60.54 on Thursday. The company has a quick ratio of 0.80, a current ratio of 0.35 and a debt-to-equity ratio of 0.50. Prologis Inc has a one year low of $48.80 and a one year high of $67.53. The company has a market cap of $32,549.35, a price-to-earnings ratio of 21.76, a P/E/G ratio of 4.60 and a beta of 0.83.
Prologis (NYSE:PLD) last issued its earnings results on Tuesday, January 23rd. The real estate investment trust reported $0.67 EPS for the quarter, topping the consensus estimate of $0.66 by $0.01. Prologis had a net margin of 63.11% and a return on equity of 9.11%. The company had revenue of $550.65 million for the quarter, compared to the consensus estimate of $533.54 million. During the same period in the previous year, the firm earned $0.63 earnings per share. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. analysts anticipate that Prologis Inc will post 2.9 EPS for the current year.
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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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