Pax World Management LLC raised its stake in Prologis, Inc. (NYSE:PLD) by 339.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 233,000 shares of the real estate investment trust’s stock after buying an additional 180,000 shares during the period. Pax World Management LLC’s holdings in Prologis were worth $13,663,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Creative Planning boosted its position in Prologis by 13.2% in the first quarter. Creative Planning now owns 2,009 shares of the real estate investment trust’s stock valued at $104,000 after buying an additional 234 shares during the last quarter. Guardian Life Insurance Co. of America boosted its position 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 last quarter. IFP Advisors Inc boosted its position in Prologis by 10.7% in the first quarter. IFP Advisors Inc now owns 2,249 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 218 shares during the last quarter. Independent Portfolio Consultants Inc. boosted its position in Prologis by 82.0% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,718 shares of the real estate investment trust’s stock valued at $159,000 after buying an additional 1,225 shares during the last quarter. Finally, Solaris Asset Management LLC boosted its position 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 last quarter. Hedge funds and other institutional investors own 95.57% of the company’s stock.

Shares of Prologis, Inc. (NYSE PLD) opened at 61.23 on Monday. Prologis, Inc. has a 1-year low of $45.93 and a 1-year high of $62.87. The company’s 50 day moving average price is $59.89 and its 200-day moving average price is $55.04. The firm has a market cap of $32.57 billion, a price-to-earnings ratio of 27.48 and a beta of 0.94.

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

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PLD has been the topic of several research reports. BidaskClub raised Prologis from a “buy” rating to a “strong-buy” rating in a report on Friday. Royal Bank Of Canada reissued a “buy” rating and issued a $59.00 target price on shares of Prologis in a report on Thursday, June 8th. Zacks Investment Research raised Prologis from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a report on Wednesday, June 7th. Stifel Nicolaus upped their target price on Prologis from $57.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, May 30th. Finally, KeyCorp upped their target price on Prologis from $62.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, July 25th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $59.60.

In other news, CEO Hamid R. Moghadam sold 271,788 shares of the business’s stock in a transaction on Tuesday, May 30th. The stock was 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 of the company’s stock, valued at $2,073,311.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Hamid R. Moghadam sold 71,102 shares of the business’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $56.34, for a total value of $4,005,886.68. Following the sale, the chief executive officer now directly owns 71,102 shares in the company, valued at $4,005,886.68. The disclosure for this sale can be found here. Insiders have sold 458,807 shares of company stock worth $26,018,101 over the last ninety days. 1.31% of the stock is 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.

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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