Prologis Inc (PLD) : Weiss Multi-strategy Advisers added new position in Prologis Inc during the most recent quarter end. The investment management firm now holds 1,000,337 shares of Prologis Inc which is valued at $54,368,316 , the company said in a statement filed on Aug 15, 2016 with the SEC.Prologis Inc makes up approximately 2.42% of Weiss Multi-strategy Advisers’s portfolio.
Other Hedge Funds, Including , Boothbay Fund Management added PLD to its portfolio by purchasing 4,674 company shares during the most recent quarter which is valued at $254,032. Prologis Inc makes up approx 0.11% of Boothbay Fund Management’s portfolio.Transamerica Financial Advisors boosted its stake in PLD in the latest quarter, The investment management firm added 312 additional shares and now holds a total of 11,729 shares of Prologis Inc which is valued at $637,471. Prologis Inc makes up approx 0.06% of Transamerica Financial Advisors’s portfolio.Dekabank Deutsche Girozentrale reduced its stake in PLD by selling 190,050 shares or 36.41% in the most recent quarter. The Hedge Fund company now holds 331,961 shares of PLD which is valued at $17,965,729. Prologis Inc makes up approx 0.19% of Dekabank Deutsche Girozentrale’s portfolio.Great West Life Assurance Co Can boosted its stake in PLD in the latest quarter, The investment management firm added 369,404 additional shares and now holds a total of 678,076 shares of Prologis Inc which is valued at $36,656,789. Prologis Inc makes up approx 0.11% of Great West Life Assurance Co Can’s portfolio.Northpointe Capital reduced its stake in PLD by selling 10,989 shares or 11.12% in the most recent quarter. The Hedge Fund company now holds 87,867 shares of PLD which is valued at $4,614,775. Prologis Inc makes up approx 0.53% of Northpointe Capital’s portfolio.
Prologis Inc closed down -0.09 points or -0.17% at $53.02 with 18,99,978 shares getting traded on Thursday. Post opening the session at $53.14, the shares hit an intraday low of $52.58 and an intraday high of $53.27 and the price fluctuated in this range throughout the day.Shares ended Thursday 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. 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.