Sarasin Partners Llp buys $22,179,523 stake in Prologis Inc (PLD)

Prologis Inc (PLD) : Sarasin Partners Llp scooped up 5,197 additional shares in Prologis Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 436,004 shares of Prologis Inc which is valued at $22,179,523.Prologis Inc makes up approximately 0.35% of Sarasin Partners Llp’s portfolio.

Other Hedge Funds, Including , Vigilant Capital Management sold out all of its stake in PLD during the most recent quarter. The investment firm sold 100 shares of PLD which is valued $5,087.Raymond James Trust N.a. reduced its stake in PLD by selling 1,658 shares or 6.4% in the most recent quarter. The Hedge Fund company now holds 24,259 shares of PLD which is valued at $1,215,376. Prologis Inc makes up approx 0.11% of Raymond James Trust N.a.’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in PLD by selling 14,830 shares or 21.46% in the most recent quarter. The Hedge Fund company now holds 54,274 shares of PLD which is valued at $2,719,127. Prologis Inc makes up approx 0.06% of Oregon Public Employees Retirement Fund’s portfolio.Cutler Group Lp boosted its stake in PLD in the latest quarter, The investment management firm added 4,193 additional shares and now holds a total of 5,351 shares of Prologis Inc which is valued at $268,085. Prologis Inc makes up approx 0.02% of Cutler Group Lp’s portfolio.

Prologis Inc closed down -0.34 points or -0.66% at $50.87 with 14,37,620 shares getting traded on Friday. Post opening the session at $51.36, the shares hit an intraday low of $50.73 and an intraday high of $51.36 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

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