Prologis Inc (PLD) : Shinko Asset Management Ltd. reduced its stake in Prologis Inc by 22.53% during the most recent quarter end. The investment management company now holds a total of 8,960,143 shares of Prologis Inc which is valued at $425.1 Million after selling 2,606,054 shares in Prologis Inc , the firm said in a disclosure report filed with the SEC on May 11, 2016.Prologis Inc makes up approximately 3.39% of Shinko Asset Management Ltd.’s portfolio.
Other Hedge Funds, Including , Artemis Investment Management Llp added PLD to its portfolio by purchasing 283,109 company shares during the most recent quarter which is valued at $13.4 Million. Prologis Inc makes up approx 0.34% of Artemis Investment Management Llp’s portfolio.Schroder Investment Management Group reduced its stake in PLD by selling 299,765 shares or 24.76% in the most recent quarter. The Hedge Fund company now holds 910,798 shares of PLD which is valued at $43.2 Million. Prologis Inc makes up approx 0.09% of Schroder Investment Management Group’s portfolio.Municipal Employees’ Retirement System Of Michigan boosted its stake in PLD in the latest quarter, The investment management firm added 310 additional shares and now holds a total of 24,340 shares of Prologis Inc which is valued at $1.1 Million. Prologis Inc makes up approx 0.08% of Municipal Employees’ Retirement System Of Michigan’s portfolio. Richard Bernstein Advisors added PLD to its portfolio by purchasing 54,979 company shares during the most recent quarter which is valued at $2.6 Million. Prologis Inc makes up approx 0.25% of Richard Bernstein Advisors’s portfolio.First Mercantile Trust Co reduced its stake in PLD by selling 2,200 shares or 18.57% in the most recent quarter. The Hedge Fund company now holds 9,647 shares of PLD which is valued at $438,070. Prologis Inc makes up approx 0.05% of First Mercantile Trust Co’s portfolio.
Prologis Inc opened for trading at $47.46 and hit $48.18 on the upside on Monday, eventually ending the session at $48.09, with a gain of 1.37% or 0.65 points. The heightened volatility saw the trading volume jump to 21,37,980 shares. Company has a market cap of $25,265 M.
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.
Investors should note that on May 4, 2016, Prologis Inc announced a cash dividend of $0.4200. The company’s management has announced Jun 9, 2016 as the ex-dividend date and fixed the record date on Jun 13, 2016. The payable date has been fixed on Jun 30, 2016.
Many Wall Street Analysts have commented on Prologis Inc. Prologis Inc was Downgraded by CapitalOne to ” Equal Weight” on May 18, 2016.
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.