Prologis Inc (PLD) : Aew Capital Management L P reduced its stake in Prologis Inc by 0.78% during the most recent quarter end. The investment management company now holds a total of 6,329,399 shares of Prologis Inc which is valued at $294,949,993 after selling 49,800 shares in Prologis Inc , the firm said in a disclosure report filed with the SEC on May 2, 2016.Prologis Inc makes up approximately 5.97% of Aew Capital Management L P’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 , Ifp Advisors Inc boosted its stake in PLD in the latest quarter, The investment management firm added 257 additional shares and now holds a total of 1,938 shares of Prologis Inc which is valued at $90,311. Prologis Inc makes up approx 0.01% of Ifp Advisors Inc’s portfolio.Hgk Asset Management Inc boosted its stake in PLD in the latest quarter, The investment management firm added 2,190 additional shares and now holds a total of 116,515 shares of Prologis Inc which is valued at $5,290,946. Prologis Inc makes up approx 0.51% of Hgk Asset Management Inc’s portfolio.Dupont Capital Management Corp boosted its stake in PLD in the latest quarter, The investment management firm added 115,595 additional shares and now holds a total of 189,050 shares of Prologis Inc which is valued at $8,584,761. Prologis Inc makes up approx 0.20% of Dupont Capital Management Corp’s portfolio.Next Financial Group Inc reduced its stake in PLD by selling 50 shares or 11.11% in the most recent quarter. The Hedge Fund company now holds 400 shares of PLD which is valued at $17,960. Prologis Inc makes up approx 0.01% of Next Financial Group Inc’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.