CIBC Asset Management Inc grew its holdings in Prologis Inc (NYSE:PLD) by 1.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,863 shares of the real estate investment trust’s stock after buying an additional 924 shares during the quarter. CIBC Asset Management Inc’s holdings in Prologis were worth $3,475,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. APG Asset Management US Inc. increased its stake in Prologis by 8.0% in the 3rd quarter. APG Asset Management US Inc. now owns 17,942,319 shares of the real estate investment trust’s stock valued at $1,138,620,000 after purchasing an additional 1,330,850 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Prologis by 4.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,786,598 shares of the real estate investment trust’s stock valued at $749,039,000 after purchasing an additional 463,559 shares in the last quarter. APG Asset Management N.V. increased its stake in Prologis by 17.3% in the 4th quarter. APG Asset Management N.V. now owns 2,807,881 shares of the real estate investment trust’s stock valued at $150,846,000 after purchasing an additional 414,703 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Prologis by 8.4% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 4,834,619 shares of the real estate investment trust’s stock valued at $306,805,000 after purchasing an additional 376,634 shares in the last quarter. Finally, Bluestein R H & Co. purchased a new position in Prologis in the 3rd quarter valued at approximately $20,861,000. 95.17% of the stock is owned by institutional investors and hedge funds.
Shares of Prologis Inc (PLD) traded down $0.07 during trading on Thursday, reaching $60.47. The company had a trading volume of 1,091,075 shares, compared to its average volume of 2,782,370. Prologis Inc has a 52-week low of $48.80 and a 52-week high of $67.53. The firm has a market capitalization of $32,549.35, a PE ratio of 19.78, a P/E/G ratio of 4.60 and a beta of 0.83. The company has a quick ratio of 0.80, a current ratio of 0.35 and a debt-to-equity ratio of 0.50.
In other Prologis news, Director William D. Zollars sold 4,020 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $60.48, for a total transaction of $243,129.60. Following the transaction, the director now owns 20,225 shares in the company, valued at $1,223,208. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Eugene F. Reilly sold 15,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 63,365 shares in the company, valued at approximately $4,220,742.65. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 103,872 shares of company stock worth $6,843,648. 1.31% of the stock is currently owned by insiders.
Several equities analysts have weighed in on PLD shares. Citigroup raised their price target on Prologis from $63.00 to $66.00 and gave the stock a “neutral” rating in a research report on Thursday, October 19th. Bank of America set a $72.00 price target on Prologis and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Wells Fargo & Co set a $65.00 price target on Prologis and gave the stock a “hold” rating in a research report on Thursday, October 26th. Evercore ISI raised Prologis from an “in-line” rating to an “outperform” rating in a research report on Monday, December 4th. Finally, JPMorgan Chase & Co. downgraded Prologis from an “overweight” rating to a “neutral” rating and set a $66.00 price objective for the company. in a research report on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Prologis presently has an average rating of “Buy” and a consensus price target of $67.06.
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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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