Zacks Investment Management buys $33.6 Million stake in Prologis Inc (PLD)

Prologis Inc (PLD) : Zacks Investment Management scooped up 25,257 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 707,249 shares of Prologis Inc which is valued at $33.6 Million.Prologis Inc makes up approximately 1.06% of Zacks Investment Management’s portfolio.

Other Hedge Funds, Including , New Mexico Educational Retirement Board reduced its stake in PLD by selling 39,600 shares or 22.99% in the most recent quarter. The Hedge Fund company now holds 132,665 shares of PLD which is valued at $6.3 Million. Prologis Inc makes up approx 0.30% of New Mexico Educational Retirement Board’s portfolio.Blackrock Group Ltd boosted its stake in PLD in the latest quarter, The investment management firm added 472,906 additional shares and now holds a total of 8,134,270 shares of Prologis Inc which is valued at $385.9 Million. Prologis Inc makes up approx 0.21% of Blackrock Group Ltd’s portfolio.Blackrock Advisors reduced its stake in PLD by selling 233,510 shares or 10.14% in the most recent quarter. The Hedge Fund company now holds 2,069,199 shares of PLD which is valued at $98.2 Million. Prologis Inc makes up approx 0.11% of Blackrock Advisors’s portfolio.Proshare Advisors reduced its stake in PLD by selling 61,337 shares or 20.54% in the most recent quarter. The Hedge Fund company now holds 237,287 shares of PLD which is valued at $11.1 Million. Prologis Inc makes up approx 0.15% of Proshare Advisors’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 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.

Leave a Reply

Prologis Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Prologis Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.