Prologis Inc (PLD) : Consolidated Investment Group has sold out all of its stake in Prologis Inc during the most recent quarter, according to the disclosure filed by the company on Jul 14, 2016 with the SEC. The investment management company has sold out 125,960 shares of Prologis Inc which is valued at $6,502,055.
Other Hedge Funds, Including , Gateway Investment Advisers reduced its stake in PLD by selling 188 shares or 0.46% in the most recent quarter. The Hedge Fund company now holds 40,600 shares of PLD which is valued at $2,056,390. Prologis Inc makes up approx 0.02% of Gateway Investment Advisers’s portfolio.British Columbia Investment Management Corp boosted its stake in PLD in the latest quarter, The investment management firm added 4,505 additional shares and now holds a total of 334,389 shares of Prologis Inc which is valued at $16,568,975. Prologis Inc makes up approx 0.14% of British Columbia Investment Management Corp’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in PLD by selling 90,773 shares or 45.18% in the most recent quarter. The Hedge Fund company now holds 110,151 shares of PLD which is valued at $5,457,982. Prologis Inc makes up approx 0.02% of Bnp Paribas Arbitrage Sa’s portfolio.
Prologis Inc opened for trading at $51.33 and hit $51.66 on the upside on Monday, eventually ending the session at $51.62, with a gain of 0.56% or 0.29 points. The heightened volatility saw the trading volume jump to 35,54,346 shares. Company has a market cap of $27,119 M.
On the company’s financial health, Prologis Inc reported $0.60 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $0.59. The company had revenue of $602.00 million for the quarter, compared to analysts expectations of $551.29 million. The company’s revenue was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.
Many Wall Street Analysts have commented on Prologis Inc. UBS Downgraded Prologis Inc on Jul 1, 2016 to ” Neutral”, Price Target of the shares are set at $48.Prologis Inc was Downgraded by SunTrust to ” Neutral” on Jun 30, 2016. Company shares were Downgraded by Deutsche Bank on Jun 21, 2016 to ” Hold”, Firm has raised the Price Target to $ 50 from a previous price target of $48 .
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.