Rothschild Asset Management Inc. lowered its position in shares of Prologis, Inc. (NYSE:PLD) by 3.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 978,303 shares of the real estate investment trust’s stock after selling 37,324 shares during the quarter. Rothschild Asset Management Inc. owned 0.18% of Prologis worth $62,083,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of PLD. Creative Planning grew its holdings in Prologis by 3.4% during the second quarter. Creative Planning now owns 2,078 shares of the real estate investment trust’s stock valued at $122,000 after purchasing an additional 69 shares during the period. Evercore Wealth Management LLC grew its holdings in Prologis by 18.2% during the second quarter. Evercore Wealth Management LLC now owns 2,270 shares of the real estate investment trust’s stock valued at $134,000 after purchasing an additional 350 shares during the period. Solaris Asset Management LLC grew its holdings in Prologis by 11.0% during the second quarter. Solaris Asset Management LLC now owns 3,135 shares of the real estate investment trust’s stock valued at $184,000 after purchasing an additional 310 shares during the period. IFP Advisors Inc grew its holdings in Prologis by 40.7% during the second quarter. IFP Advisors Inc now owns 3,164 shares of the real estate investment trust’s stock valued at $186,000 after purchasing an additional 915 shares during the period. Finally, ETF Managers Group LLC acquired a new position in Prologis during the second quarter valued at approximately $193,000. Hedge funds and other institutional investors own 95.15% of the company’s stock.
Shares of Prologis, Inc. (PLD) traded up $0.45 during mid-day trading on Monday, hitting $66.75. 713,635 shares of the stock were exchanged, compared to its average volume of 2,000,000. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market capitalization of $35,520.00, a price-to-earnings ratio of 23.93, a PEG ratio of 4.45 and a beta of 0.92. Prologis, Inc. has a twelve month low of $46.33 and a twelve month high of $67.25.
Prologis (NYSE:PLD) last announced its quarterly earnings data on Tuesday, October 17th. The real estate investment trust reported $0.67 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.67. The business had revenue of $531.18 million for the quarter, compared to analyst estimates of $573.68 million. Prologis had a net margin of 68.50% and a return on equity of 9.93%. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 earnings per share. equities analysts predict that Prologis, Inc. will post 2.8 EPS for the current year.
A number of research analysts recently issued reports on PLD shares. BidaskClub cut shares of Prologis from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Barclays PLC restated an “overweight” rating and set a $61.00 price objective (up previously from $59.00) on shares of Prologis in a report on Monday, July 24th. Jefferies Group LLC restated a “hold” rating and set a $66.00 price objective (up previously from $59.00) on shares of Prologis in a report on Thursday, August 24th. KeyCorp restated a “buy” rating and set a $65.00 price objective on shares of Prologis in a report on Sunday, August 27th. Finally, Wells Fargo & Company set a $65.00 price target on shares of Prologis and gave the company a “hold” rating in a research note on Thursday, October 26th. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Prologis has an average rating of “Buy” and an average target price of $65.50.
Prologis, Inc is a real estate investment trust (REIT) company. The Company is engaged in logistics real estate business. The Company’s segments include Real Estate Operations and Strategic Capital. The Real estate operations segment consists of rental operations and development. The Company’s strategic capital segment includes asset management services, as well as services performed for unconsolidated co-investment ventures.
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