Prologis Inc (PLD) : Meag Munich Ergo Assetmanagement Gmbh scooped up 30,408 additional shares in Prologis Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 9, 2016. The investment management firm now holds a total of 295,408 shares of Prologis Inc which is valued at $14,014,156.Prologis Inc makes up approximately 8.10% of Meag Munich Ergo Assetmanagement Gmbh’s portfolio.
Other Hedge Funds, Including , Advantus Capital Management Inc boosted its stake in PLD in the latest quarter, The investment management firm added 43,289 additional shares and now holds a total of 1,184,047 shares of Prologis Inc which is valued at $56,171,190. Prologis Inc makes up approx 1.67% of Advantus Capital Management Inc’s portfolio.Profund Advisors reduced its stake in PLD by selling 6,028 shares or 14.64% in the most recent quarter. The Hedge Fund company now holds 35,135 shares of PLD which is valued at $1,637,291. Prologis Inc makes up approx 0.08% of Profund Advisors’s portfolio.Swiss National Bank boosted its stake in PLD in the latest quarter, The investment management firm added 410,000 additional shares and now holds a total of 1,362,160 shares of Prologis Inc which is valued at $63,476,656. Prologis Inc makes up approx 0.11% of Swiss National Bank’s portfolio.Evercore Wealth Management reduced its stake in PLD by selling 67 shares or 3.37% in the most recent quarter. The Hedge Fund company now holds 1,920 shares of PLD which is valued at $89,472.Quadrant Capital Management reduced its stake in PLD by selling 325 shares or 1.38% in the most recent quarter. The Hedge Fund company now holds 23,186 shares of PLD which is valued at $1,052,876. Prologis Inc makes up approx 0.88% of Quadrant Capital Management’s portfolio.
Prologis Inc closed down -0.01 points or -0.02% at $47.44 with 27,79,459 shares getting traded on Friday. Post opening the session at $47.3, the shares hit an intraday low of $47 and an intraday high of $47.66 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.
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.