Creative Planning Boosts Stake in Prologis Inc (PLD)

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Creative Planning lifted its holdings in Prologis Inc (NYSE:PLD) by 14.4% during the third quarter, Holdings Channel reports. The institutional investor owned 7,368 shares of the real estate investment trust’s stock after buying an additional 927 shares during the period. Creative Planning’s holdings in Prologis were worth $499,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of PLD. Advisors Preferred LLC grew its holdings in Prologis by 141.1% during the 2nd quarter. Advisors Preferred LLC now owns 1,685 shares of the real estate investment trust’s stock valued at $111,000 after purchasing an additional 986 shares during the last quarter. Smithfield Trust Co. grew its holdings in Prologis by 85.5% during the 2nd quarter. Smithfield Trust Co. now owns 2,319 shares of the real estate investment trust’s stock valued at $152,000 after purchasing an additional 1,069 shares during the last quarter. Kistler Tiffany Companies LLC bought a new position in Prologis during the 3rd quarter valued at about $160,000. NuWave Investment Management LLC bought a new position in Prologis during the 2nd quarter valued at about $186,000. Finally, Advisory Services Network LLC grew its holdings in Prologis by 377.6% during the 2nd quarter. Advisory Services Network LLC now owns 3,033 shares of the real estate investment trust’s stock valued at $198,000 after purchasing an additional 2,398 shares during the last quarter. Hedge funds and other institutional investors own 81.38% of the company’s stock.

Shares of PLD stock opened at $65.91 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.32 and a current ratio of 0.32. The stock has a market capitalization of $40.51 billion, a price-to-earnings ratio of 23.46, a P/E/G ratio of 4.24 and a beta of 0.71. Prologis Inc has a one year low of $58.28 and a one year high of $68.20.

Prologis (NYSE:PLD) last issued its earnings results on Tuesday, October 16th. The real estate investment trust reported $0.72 EPS for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.01. The business had revenue of $611.00 million for the quarter, compared to the consensus estimate of $582.23 million. Prologis had a net margin of 51.66% and a return on equity of 6.65%. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.63 EPS. On average, equities analysts forecast that Prologis Inc will post 3.02 EPS for the current fiscal year.

PLD has been the topic of several analyst reports. Jefferies Financial Group reiterated a “$62.97” rating and set a $79.00 price target on shares of Prologis in a report on Wednesday, July 18th. BTIG Research set a $73.00 price target on shares of Prologis and gave the company a “buy” rating in a report on Thursday, August 23rd. JPMorgan Chase & Co. set a $72.00 price target on shares of Prologis and gave the company a “buy” rating in a report on Thursday, August 23rd. SunTrust Banks set a $70.00 price target on shares of Prologis and gave the company a “buy” rating in a report on Tuesday, August 7th. Finally, Robert W. Baird reiterated a “buy” rating and set a $73.00 price target on shares of Prologis in a report on Monday, July 23rd. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $71.93.

In other Prologis news, Director J Michael Losh sold 6,762 shares of the company’s stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $65.63, for a total value of $443,790.06. Following the transaction, the director now directly owns 28,101 shares in the company, valued at approximately $1,844,268.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Edward S. Nekritz sold 18,099 shares of the company’s stock in a transaction dated Friday, September 21st. The stock was sold at an average price of $67.66, for a total transaction of $1,224,578.34. Following the completion of the transaction, the insider now owns 106,102 shares in the company, valued at $7,178,861.32. The disclosure for this sale can be found here. Insiders sold a total of 44,669 shares of company stock worth $3,000,668 over the last 90 days. Insiders own 1.32% of the company’s stock.

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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 June 30, 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 685 million square feet (64 million square meters) in 19 countries.

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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