Pensionfund Sabic buys $1.3 Million stake in Prologis Inc (PLD)

Prologis Inc (PLD) : Pensionfund Sabic scooped up 10,000 additional shares in Prologis Inc during the most recent quarter end , according to a recent disclosure to the SEC on Apr 4, 2016. The investment management firm now holds a total of 30,000 shares of Prologis Inc which is valued at $1.3 Million.Prologis Inc makes up approximately 0.40% of Pensionfund Sabic’s portfolio.

Other Hedge Funds, Including , Pensionfund Dsm Netherlands boosted its stake in PLD in the latest quarter, The investment management firm added 28,000 additional shares and now holds a total of 84,000 shares of Prologis Inc which is valued at $3.7 Million. Prologis Inc makes up approx 0.50% of Pensionfund Dsm Netherlands’s portfolio.

On the company’s financial health, Prologis Inc reported $0.64 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jan 26, 2016. Analyst had a consensus of $0.62. The company had revenue of $560.19 million for the quarter, compared to analysts expectations of $532.73 million. The company’s revenue was up 39.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 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 .Company shares were Reiterated by Oppenheimer on Jan 27, 2016 to “Outperform”, Firm has raised the Price Target to $ 51 from a previous price target of $50 .Shares were Reiterated by Stifel on Jan 27, 2016 to “Buy” and Lowered the Price Target to $ 45 from a previous price target of $47 .

Prologis Inc closed down -0.15 points or -0.34% at $43.97 with 18,46,128 shares getting traded on Monday. Post opening the session at $44.2, the shares hit an intraday low of $43.96 and an intraday high of $44.53 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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