Kemper Corp Master Retirement Trust Lowers stake in Prologis Inc (PLD)

Prologis Inc (PLD) : Kemper Corp Master Retirement Trust reduced its stake in Prologis Inc by 11.56% during the most recent quarter end. The investment management company now holds a total of 23,898 shares of Prologis Inc which is valued at $1,298,856 after selling 3,125 shares in Prologis Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Prologis Inc makes up approximately 0.80% of Kemper Corp Master Retirement Trust’s portfolio.

Other Hedge Funds, Including , Ontario Teachers Pension Plan Board reduced its stake in PLD by selling 3,426 shares or 2.5% in the most recent quarter. The Hedge Fund company now holds 133,363 shares of PLD which is valued at $7,248,279. Prologis Inc makes up approx 0.08% of Ontario Teachers Pension Plan Board’s portfolio.Blackrock Investment Management reduced its stake in PLD by selling 195,588 shares or 14.68% in the most recent quarter. The Hedge Fund company now holds 1,136,806 shares of PLD which is valued at $61,785,406. Prologis Inc makes up approx 0.08% of Blackrock Investment Management’s portfolio.Ubs Asset Management Americas Inc reduced its stake in PLD by selling 181,035 shares or 7.75% in the most recent quarter. The Hedge Fund company now holds 2,154,436 shares of PLD which is valued at $116,404,177. Prologis Inc makes up approx 0.13% of Ubs Asset Management Americas Inc’s portfolio. Spot Trading L.l.c added PLD to its portfolio by purchasing 433 company shares during the most recent quarter which is valued at $23,408.Graybill Bartz Assoc Ltd reduced its stake in PLD by selling 26,118 shares or 35.44% in the most recent quarter. The Hedge Fund company now holds 47,579 shares of PLD which is valued at $2,455,076. Prologis Inc makes up approx 2.17% of Graybill Bartz Assoc Ltd’s portfolio.

Prologis Inc opened for trading at $52.71 and hit $53.505 on the upside on Monday, eventually ending the session at $53.16, with a gain of 1.14% or 0.6 points. The heightened volatility saw the trading volume jump to 38,00,688 shares. Company has a market cap of $28,013 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. Company shares were Downgraded by Robert W. Baird on Aug 17, 2016 to ” Neutral”, Firm has raised the Price Target to $ 54 from a previous price target of $52 .Prologis Inc was Downgraded by CapitalOne to ” Underweight” on Aug 8, 2016. Company shares were Reiterated by RBC Capital Mkts on Jul 26, 2016 to “Outperform”, Firm has raised the Price Target to $ 55 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.

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