Presima buys $72,130,742 stake in Prologis Inc (PLD)

Prologis Inc (PLD) : Presima scooped up 109,070 additional shares in Prologis Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 1,547,870 shares of Prologis Inc which is valued at $72,130,742.Prologis Inc makes up approximately 11.28% of Presima’s portfolio.

Prologis Inc opened for trading at $45.82 and hit $46.63 on the upside on Friday, eventually ending the session at $46.6, with a gain of 1.06% or 0.49 points. The heightened volatility saw the trading volume jump to 20,81,140 shares. Company has a market cap of $24,454 M.

Other Hedge Funds, Including , Thompson Davis reduced its stake in PLD by selling 18 shares or 25.0% in the most recent quarter. The Hedge Fund company now holds 54 shares of PLD which is valued at $2,516. Northpointe Capital added PLD to its portfolio by purchasing 98,856 company shares during the most recent quarter which is valued at $4,489,051. Prologis Inc makes up approx 0.55% of Northpointe Capital’s portfolio.Conning boosted its stake in PLD in the latest quarter, The investment management firm added 220 additional shares and now holds a total of 13,969 shares of Prologis Inc which is valued at $634,332. Prologis Inc makes up approx 0.03% of Conning’s portfolio.Trillium Asset Management boosted its stake in PLD in the latest quarter, The investment management firm added 165 additional shares and now holds a total of 91,889 shares of Prologis Inc which is valued at $4,125,816. Prologis Inc makes up approx 0.27% of Trillium Asset Management’s portfolio.Fisher Asset Management reduced its stake in PLD by selling 10,855 shares or 4.92% in the most recent quarter. The Hedge Fund company now holds 209,641 shares of PLD which is valued at $9,412,881. Prologis Inc makes up approx 0.02% of Fisher Asset Management’s portfolio.

On the company’s financial health, Prologis Inc reported $0.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 19, 2016. Analyst had a consensus of $0.59. The company had revenue of $606.30 million for the quarter, compared to analysts expectations of $555.75 million. The company’s revenue was up 31.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.

Many Wall Street Analysts have commented on Prologis Inc. Shares were Reiterated by RBC Capital Mkts on Feb 5, 2016 to “Outperform” and Lowered the Price Target to $ 43 from a previous price target of $46 .

Prologis Inc. is engaged in industrial logistics real estate focused on markets across the Americas Europe and Asia. The Company leases modern distribution facilities to more than 4700 customers including third-party logistics providers transportation companies retailers and manufacturers. The Company’s business consists of two operating segments: Real Estate Operations and Strategic Capital. The Company’s customer base represents a spectrum of international national regional and local distribution users. As of December 31 2014 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 590 million square feet (55 million square meters) in 21 countries.

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