Bluestein R H & Co. Invests $20.86 Million in Prologis Inc (PLD)

Bluestein R H & Co. acquired a new stake in shares of Prologis Inc (NYSE:PLD) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 328,720 shares of the real estate investment trust’s stock, valued at approximately $20,861,000. Bluestein R H & Co. owned about 0.06% of Prologis as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of PLD. Creative Planning increased its holdings in shares of Prologis by 3.4% during the 2nd quarter. Creative Planning now owns 2,078 shares of the real estate investment trust’s stock valued at $122,000 after acquiring an additional 69 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Prologis by 16.6% during the 2nd quarter. CIBC Asset Management Inc now owns 55,060 shares of the real estate investment trust’s stock valued at $3,229,000 after acquiring an additional 7,841 shares during the last quarter. CAPROCK Group Inc. acquired a new position in shares of Prologis during the 2nd quarter valued at about $220,000. Candriam Luxembourg S.C.A. increased its holdings in shares of Prologis by 6.1% during the 2nd quarter. Candriam Luxembourg S.C.A. now owns 39,714 shares of the real estate investment trust’s stock valued at $2,329,000 after acquiring an additional 2,290 shares during the last quarter. Finally, IFP Advisors Inc increased its holdings in shares of Prologis by 40.7% during the 2nd quarter. IFP Advisors Inc now owns 3,164 shares of the real estate investment trust’s stock valued at $186,000 after acquiring an additional 915 shares during the last quarter. 95.57% of the stock is currently owned by institutional investors and hedge funds.

Prologis Inc (NYSE PLD) traded up $0.06 on Monday, reaching $66.26. The company’s stock had a trading volume of 598,986 shares, compared to its average volume of 2,407,977. The firm has a market cap of $35,218.51, a price-to-earnings ratio of 23.90, a P/E/G ratio of 4.36 and a beta of 0.91. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.80 and a quick ratio of 0.80. Prologis Inc has a 12-month low of $48.33 and a 12-month high of $67.53.

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. Prologis had a return on equity of 9.93% and a net margin of 68.50%. The company had revenue of $531.18 million during the quarter, compared to the consensus estimate of $573.68 million. During the same quarter last year, the company earned $0.14 EPS. The company’s quarterly revenue was down 5.2% on a year-over-year basis. equities research analysts expect that Prologis Inc will post 2.8 EPS for the current year.

In other Prologis news, CEO Eugene F. Reilly sold 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $66.55, for a total value of $1,197,900.00. Following the completion of the sale, the chief executive officer now owns 63,365 shares in the company, valued at approximately $4,216,940.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Eugene F. Reilly sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $66.61, for a total value of $999,150.00. Following the completion of the sale, the chief executive officer now owns 63,365 shares of the company’s stock, valued at approximately $4,220,742.65. The disclosure for this sale can be found here. 1.31% of the stock is currently owned by company insiders.

PLD has been the topic of a number of research analyst reports. Evercore ISI raised Prologis from an “in-line” rating to an “outperform” rating in a report on Monday. Jefferies Group reaffirmed a “hold” rating and issued a $66.00 target price (up previously from $59.00) on shares of Prologis in a report on Thursday, August 24th. KeyCorp reaffirmed a “buy” rating and issued a $65.00 target price on shares of Prologis in a report on Sunday, August 27th. Wells Fargo & Company set a $65.00 target price on Prologis and gave the company a “hold” rating in a report on Thursday, October 26th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $68.00 target price (up previously from $62.00) on shares of Prologis in a report on Wednesday, September 27th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $66.31.

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Prologis Profile

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.

Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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