Mizuho Asset Managementltd. Lowers stake in Prologis Inc (PLD)

Prologis Inc (PLD) : Mizuho Asset Managementltd. reduced its stake in Prologis Inc by 5.21% during the most recent quarter end. The investment management company now holds a total of 79,189 shares of Prologis Inc which is valued at $3.8 Million after selling 4,355 shares in Prologis Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Prologis Inc makes up approximately 1.03% of Mizuho Asset Managementltd.’s portfolio.

Other Hedge Funds, Including , I.g. Investment Management Ltd. reduced its stake in PLD by selling 1,491 shares or 2.09% in the most recent quarter. The Hedge Fund company now holds 69,777 shares of PLD which is valued at $3.3 Million. Prologis Inc makes up approx 0.01% of I.g. Investment Management Ltd.’s portfolio.Manufacturers Life Insurance Company The boosted its stake in PLD in the latest quarter, The investment management firm added 138,281 additional shares and now holds a total of 692,329 shares of Prologis Inc which is valued at $32.8 Million. Prologis Inc makes up approx 0.05% of Manufacturers Life Insurance Company The’s portfolio. Badgley Phelps Bell Inc added PLD to its portfolio by purchasing 105,946 company shares during the most recent quarter which is valued at $4.9 Million. Prologis Inc makes up approx 0.46% of Badgley Phelps Bell Inc’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in PLD by selling 3,525 shares or 2.84% in the most recent quarter. The Hedge Fund company now holds 120,537 shares of PLD which is valued at $5.5 Million. Prologis Inc makes up approx 0.04% of Public Employees Retirement Association Of Colorado’s portfolio.Ohio National Investments boosted its stake in PLD in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 11,739 shares of Prologis Inc which is valued at $533,068. Prologis Inc makes up approx 0.10% of Ohio National Investments’s portfolio.

Prologis Inc closed down -0.17 points or -0.36% at $47.09 with 33,81,791 shares getting traded on Wednesday. Post opening the session at $47.33, the shares hit an intraday low of $46.94 and an intraday high of $47.48 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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.

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.

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