Prologis Inc (PLD) : Millie Capital Management reduced its stake in Prologis Inc by 0.11% during the most recent quarter end. The investment management company now holds a total of 52,129 shares of Prologis Inc which is valued at $2,492,809 after selling 59 shares in Prologis Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Prologis Inc makes up approximately 2.82% of Millie Capital Management’s portfolio.
Other Hedge Funds, Including , Fort Washington Investment Advisors Inc Oh reduced its stake in PLD by selling 12,200 shares or 49.19% in the most recent quarter. The Hedge Fund company now holds 12,600 shares of PLD which is valued at $602,532. Prologis Inc makes up approx 0.01% of Fort Washington Investment Advisors Inc Oh’s portfolio.Mn Services Vermogensbeheer B.v. boosted its stake in PLD in the latest quarter, The investment management firm added 209 additional shares and now holds a total of 13,466 shares of Prologis Inc which is valued at $684,342. Prologis Inc makes up approx 0.14% of Mn Services Vermogensbeheer B.v.’s portfolio.State Of Wisconsin Investment Board reduced its stake in PLD by selling 10,800 shares or 2.08% in the most recent quarter. The Hedge Fund company now holds 507,433 shares of PLD which is valued at $25,767,448. Prologis Inc makes up approx 0.10% of State Of Wisconsin Investment Board’s portfolio.First Citizens Bank Trust Co reduced its stake in PLD by selling 762 shares or 16.77% in the most recent quarter. The Hedge Fund company now holds 3,782 shares of PLD which is valued at $197,269. Prologis Inc makes up approx 0.02% of First Citizens Bank Trust Co’s portfolio.
Prologis Inc opened for trading at $48.07 and hit $49.015 on the upside on Monday, eventually ending the session at $48.97, with a gain of 1.98% or 0.95 points. The heightened volatility saw the trading volume jump to 41,18,360 shares. Company has a market cap of $25,886 M.
On the company’s financial health, Prologis Inc reported $0.73 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Oct 20, 2016. Analyst had a consensus of $0.70. The company had revenue of $705.00 million for the quarter, compared to analysts expectations of $555.71 million. The company’s revenue was up 21.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS.
Many Wall Street Analysts have commented on Prologis Inc. Prologis Inc was Upgraded by CapitalOne to ” Equal Weight” on Oct 17, 2016. 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. 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.