Nuveen Asset Management buys $261.2 Million stake in Prologis Inc (PLD)

Prologis Inc (PLD) : Nuveen Asset Management scooped up 895,503 additional shares in Prologis Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 5,505,142 shares of Prologis Inc which is valued at $261.2 Million.Prologis Inc makes up approximately 1.64% of Nuveen Asset Management’s portfolio.

Other Hedge Funds, Including , Susquehanna International Group Llp reduced its stake in PLD by selling 84,906 shares or 66.43% in the most recent quarter. The Hedge Fund company now holds 42,908 shares of PLD which is valued at $2 Million. Prologis Inc makes up approx 0.01% of Susquehanna International Group Llp’s portfolio.Employees Retirement System Of Texas reduced its stake in PLD by selling 39,500 shares or 10.95% in the most recent quarter. The Hedge Fund company now holds 321,100 shares of PLD which is valued at $15.2 Million. Prologis Inc makes up approx 0.21% of Employees Retirement System Of Texas’s portfolio.Rafferty Asset Management boosted its stake in PLD in the latest quarter, The investment management firm added 22,810 additional shares and now holds a total of 69,158 shares of Prologis Inc which is valued at $3.3 Million. Prologis Inc makes up approx 0.17% of Rafferty Asset Management’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.

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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