Oppenheimer & Co. Inc. Acquires 1,050 Shares of Prologis Inc (PLD)

Oppenheimer & Co. Inc. increased its holdings in shares of Prologis Inc (NYSE:PLD) by 2.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,183 shares of the real estate investment trust’s stock after buying an additional 1,050 shares during the period. Oppenheimer & Co. Inc.’s holdings in Prologis were worth $2,592,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Segment Wealth Management LLC bought a new stake in shares of Prologis in the 3rd quarter valued at $213,000. BB&T Securities LLC bought a new stake in shares of Prologis in the 3rd quarter valued at $213,000. ClariVest Asset Management LLC increased its stake in shares of Prologis by 30,750.0% in the 3rd quarter. ClariVest Asset Management LLC now owns 3,702 shares of the real estate investment trust’s stock valued at $235,000 after acquiring an additional 3,690 shares in the last quarter. Commerzbank Aktiengesellschaft FI bought a new stake in shares of Prologis in the 3rd quarter valued at $247,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Prologis in the 2nd quarter valued at $263,000. Institutional investors and hedge funds own 95.17% of the company’s stock.

Shares of Prologis Inc (NYSE:PLD) opened at $60.54 on Thursday. The company has a market cap of $32,210.00, a price-to-earnings ratio of 19.85, a price-to-earnings-growth ratio of 3.82 and a beta of 0.83. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.80 and a current ratio of 0.35. Prologis Inc has a one year low of $48.80 and a one year high of $67.53.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Tuesday, January 23rd. The real estate investment trust reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.01. The business had revenue of $550.65 million during the quarter, compared to analyst estimates of $533.54 million. Prologis had a net margin of 63.11% and a return on equity of 9.11%. Prologis’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.63 EPS. equities research analysts forecast that Prologis Inc will post 2.9 earnings per share for the current fiscal year.

Several research firms have recently weighed in on PLD. BMO Capital Markets set a $68.00 price objective on shares of Prologis and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Bank of America set a $72.00 price objective on shares of Prologis and gave the company a “buy” rating in a research note on Wednesday, October 25th. KeyCorp reiterated a “buy” rating and issued a $72.00 price objective on shares of Prologis in a research note on Thursday, December 21st. Jefferies Group reiterated a “neutral” rating on shares of Prologis in a research note on Wednesday, January 24th. Finally, Citigroup lifted their price objective on shares of Prologis from $63.00 to $66.00 and gave the company a “neutral” rating in a research note on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $67.06.

In other Prologis news, Director William D. Zollars sold 4,020 shares of Prologis stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $60.48, for a total transaction of $243,129.60. Following the transaction, the director now directly owns 20,225 shares of the company’s stock, valued at approximately $1,223,208. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lori A. Palazzolo sold 4,900 shares of Prologis stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $65.89, for a total transaction of $322,861.00. The disclosure for this sale can be found here. Insiders have sold a total of 103,872 shares of company stock worth $6,843,648 over the last ninety days. Insiders own 1.31% of the company’s stock.

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About Prologis

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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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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