Presima Lowers stake in Prologis Inc (PLD)

Prologis Inc (PLD) : Presima reduced its stake in Prologis Inc by 25.26% during the most recent quarter end. The investment management company now holds a total of 1,156,900 shares of Prologis Inc which is valued at $62,542,014 after selling 390,970 shares in Prologis Inc , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Prologis Inc makes up approximately 9.50% of Presima’s portfolio.

Other Hedge Funds, Including , Swiss National Bank boosted its stake in PLD in the latest quarter, The investment management firm added 108,800 additional shares and now holds a total of 1,470,960 shares of Prologis Inc which is valued at $79,520,098. Prologis Inc makes up approx 0.13% of Swiss National Bank’s portfolio.Ashburton (jersey) Ltd reduced its stake in PLD by selling 6,612 shares or 23.08% in the most recent quarter. The Hedge Fund company now holds 22,033 shares of PLD which is valued at $1,200,578. Prologis Inc makes up approx 0.48% of Ashburton (jersey) Ltd’s portfolio.Signaturefd boosted its stake in PLD in the latest quarter, The investment management firm added 531 additional shares and now holds a total of 1,144 shares of Prologis Inc which is valued at $62,337. Prologis Inc makes up approx 0.01% of Signaturefd’s portfolio.First National Trust Co boosted its stake in PLD in the latest quarter, The investment management firm added 3,449 additional shares and now holds a total of 25,121 shares of Prologis Inc which is valued at $1,319,355. Prologis Inc makes up approx 0.20% of First National Trust Co’s portfolio.

Prologis Inc closed down -0.37 points or -0.68% at $53.75 with 23,66,690 shares getting traded on Monday. Post opening the session at $53.84, the shares hit an intraday low of $53.59 and an intraday high of $54.08 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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. 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 was Downgraded by Credit Suisse to ” Neutral” on Jul 20, 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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