Private Capital Group LLC Has $162,000 Holdings in Prologis Inc (PLD)

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Private Capital Group LLC raised its stake in shares of Prologis Inc (NYSE:PLD) by 19.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,764 shares of the real estate investment trust’s stock after buying an additional 451 shares during the period. Private Capital Group LLC’s holdings in Prologis were worth $162,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in PLD. Vanguard Group Inc increased its stake in Prologis by 17.4% during the 3rd quarter. Vanguard Group Inc now owns 81,760,597 shares of the real estate investment trust’s stock valued at $5,542,552,000 after buying an additional 12,095,509 shares during the period. Vanguard Group Inc. increased its stake in Prologis by 17.4% during the 3rd quarter. Vanguard Group Inc. now owns 81,760,597 shares of the real estate investment trust’s stock valued at $5,542,552,000 after buying an additional 12,095,509 shares during the period. JPMorgan Chase & Co. increased its stake in Prologis by 118.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,082,538 shares of the real estate investment trust’s stock valued at $1,158,026,000 after buying an additional 9,255,117 shares during the period. BlackRock Inc. increased its stake in Prologis by 13.9% during the 3rd quarter. BlackRock Inc. now owns 65,329,786 shares of the real estate investment trust’s stock valued at $4,428,704,000 after buying an additional 7,959,713 shares during the period. Finally, OppenheimerFunds Inc. increased its stake in Prologis by 257.1% during the 3rd quarter. OppenheimerFunds Inc. now owns 6,857,378 shares of the real estate investment trust’s stock valued at $464,862,000 after buying an additional 4,937,109 shares during the period. 95.80% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Edward S. Nekritz sold 32,499 shares of the firm’s stock in a transaction that occurred on Wednesday, January 30th. The shares were sold at an average price of $68.32, for a total transaction of $2,220,331.68. Following the completion of the sale, the insider now directly owns 91,158 shares in the company, valued at $6,227,914.56. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director William D. Zollars sold 1,610 shares of Prologis stock in a transaction that occurred on Wednesday, December 19th. The shares were sold at an average price of $61.53, for a total transaction of $99,063.30. Following the completion of the sale, the director now owns 9,880 shares of the company’s stock, valued at $607,916.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 82,489 shares of company stock valued at $5,702,776. Corporate insiders own 1.32% of the company’s stock.

Several research firms have commented on PLD. ValuEngine cut shares of Prologis from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Deutsche Bank raised shares of Prologis from a “hold” rating to a “buy” rating and raised their target price for the company from $68.00 to $72.00 in a research note on Tuesday, December 18th. Zacks Investment Research cut shares of Prologis from a “buy” rating to a “hold” rating in a research note on Monday, October 22nd. Finally, Wells Fargo & Co set a $65.00 price objective on shares of Prologis and gave the stock a “market perform” rating in a research note on Wednesday, January 16th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $71.92.

Shares of PLD opened at $70.82 on Thursday. The company has a market capitalization of $44.44 billion, a PE ratio of 23.37, a price-to-earnings-growth ratio of 4.33 and a beta of 1.03. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.32 and a current ratio of 0.23. Prologis Inc has a 12-month low of $55.21 and a 12-month high of $71.29.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Tuesday, January 22nd. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.01. The company had revenue of $679.20 million for the quarter, compared to analysts’ expectations of $661.64 million. Prologis had a net margin of 58.81% and a return on equity of 7.45%. The business’s revenue was up 23.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS. As a group, research analysts forecast that Prologis Inc will post 3.16 EPS for the current fiscal year.

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Prologis Company Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2018, 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 768 million square feet (71 million square meters) in 19 countries.

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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