Security Capital Research Management Inc buys $312.4 Million stake in Prologis Inc (PLD)

Prologis Inc (PLD) : Security Capital Research Management Inc scooped up 290,303 additional shares in Prologis Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 6,585,350 shares of Prologis Inc which is valued at $312.4 Million.Prologis Inc makes up approximately 9.83% of Security Capital Research Management Inc’s portfolio.

Other Hedge Funds, Including , 1832 Asset Management reduced its stake in PLD by selling 8,100 shares or 2.07% in the most recent quarter. The Hedge Fund company now holds 382,300 shares of PLD which is valued at $18.1 Million. Prologis Inc makes up approx 0.07% of 1832 Asset Management’s portfolio.Keybank National Associationoh reduced its stake in PLD by selling 39 shares or 0.52% in the most recent quarter. The Hedge Fund company now holds 7,495 shares of PLD which is valued at $355,563. Advisor Partners sold out all of its stake in PLD during the most recent quarter. The investment firm sold 5,383 shares of PLD which is valued $255,370. Cipher Capital Lp added PLD to its portfolio by purchasing 71,878 company shares during the most recent quarter which is valued at $3.4 Million. Prologis Inc makes up approx 0.32% of Cipher Capital Lp’s portfolio.State Board Of Administration Of Florida Retirement System reduced its stake in PLD by selling 49,350 shares or 6.92% in the most recent quarter. The Hedge Fund company now holds 663,731 shares of PLD which is valued at $30.9 Million. Prologis Inc makes up approx 0.12% of State Board Of Administration Of Florida Retirement System’s portfolio.

Prologis Inc opened for trading at $46.78 and hit $47.02 on the upside on Friday, eventually ending the session at $46.84, with a gain of 0.69% or 0.32 points. The heightened volatility saw the trading volume jump to 24,95,565 shares. Company has a market cap of $24,608 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.

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