Graybill Bartz & Assoc Ltd. boosted its position in Prologis, Inc. (NYSE:PLD) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,029 shares of the real estate investment trust’s stock after buying an additional 199 shares during the period. Prologis accounts for approximately 2.3% of Graybill Bartz & Assoc Ltd.’s portfolio, making the stock its 25th largest position. Graybill Bartz & Assoc Ltd.’s holdings in Prologis were worth $2,934,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PLD. Guardian Life Insurance Co. of America increased its stake in Prologis by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,039 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 14 shares during the period. Solaris Asset Management LLC increased its stake in Prologis by 1.8% in the first quarter. Solaris Asset Management LLC now owns 2,825 shares of the real estate investment trust’s stock valued at $147,000 after buying an additional 50 shares during the period. Shine Investment Advisory Services Inc. increased its stake in Prologis by 0.6% in the second quarter. Shine Investment Advisory Services Inc. now owns 8,929 shares of the real estate investment trust’s stock valued at $524,000 after buying an additional 52 shares during the period. Creative Planning increased its stake in Prologis by 3.4% in the second quarter. Creative Planning now owns 2,078 shares of the real estate investment trust’s stock valued at $122,000 after buying an additional 69 shares during the period. Finally, Quadrant Capital Management LLC increased its stake in Prologis by 0.3% in the first quarter. Quadrant Capital Management LLC now owns 22,621 shares of the real estate investment trust’s stock valued at $1,174,000 after buying an additional 75 shares during the period. 95.57% of the stock is owned by institutional investors and hedge funds.

Prologis, Inc. (PLD) opened at 61.23 on Monday. The company’s 50-day moving average is $59.89 and its 200 day moving average is $55.04. Prologis, Inc. has a 12-month low of $45.93 and a 12-month high of $62.87. The stock has a market capitalization of $32.57 billion, a PE ratio of 27.48 and a beta of 0.94.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Tuesday, July 18th. The real estate investment trust reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.06. Prologis had a net margin of 43.99% and a return on equity of 6.65%. The company had revenue of $766.18 million during the quarter, compared to analyst estimates of $576 million. During the same period last year, the business earned $0.60 EPS. Prologis’s quarterly revenue was up 27.2% compared to the same quarter last year. On average, equities research analysts expect that Prologis, Inc. will post ($0.27) earnings per share for the current fiscal year.

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Several equities research analysts have weighed in on the stock. BidaskClub raised shares of Prologis from a “buy” rating to a “strong-buy” rating in a research note on Friday. Zacks Investment Research downgraded shares of Prologis from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. KeyCorp lifted their price target on shares of Prologis from $62.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, July 25th. Barclays PLC reaffirmed an “overweight” rating and issued a $61.00 price target (up from $59.00) on shares of Prologis in a research note on Monday, July 24th. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $64.00 price target (up from $61.00) on shares of Prologis in a research note on Friday, July 21st. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Prologis presently has a consensus rating of “Buy” and a consensus price target of $59.60.

In related news, CEO Hamid R. Moghadam sold 14,067 shares of the stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $56.00, for a total transaction of $787,752.00. Following the sale, the chief executive officer now directly owns 3,267 shares of the company’s stock, valued at approximately $182,952. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Hamid R. Moghadam sold 271,788 shares of the stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $56.04, for a total transaction of $15,230,999.52. Following the sale, the chief executive officer now directly owns 36,997 shares in the company, valued at $2,073,311.88. The disclosure for this sale can be found here. Insiders have sold a total of 458,807 shares of company stock worth $26,018,101 over the last three months. 1.31% of the stock is currently owned by insiders.

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.

Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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