Andra AP fonden decreased its position in Prologis, Inc. (NYSE:PLD) by 21.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,300 shares of the real estate investment trust’s stock after selling 29,900 shares during the period. Andra AP fonden’s holdings in Prologis were worth $6,292,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Guardian Life Insurance Co. of America raised 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 worth $106,000 after buying an additional 14 shares during the period. Solaris Asset Management LLC raised 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 worth $147,000 after buying an additional 50 shares during the period. Shine Investment Advisory Services Inc. raised 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 worth $524,000 after buying an additional 52 shares during the period. Creative Planning raised 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 worth $122,000 after buying an additional 69 shares during the period. Finally, Quadrant Capital Management LLC raised 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 worth $1,174,000 after buying an additional 75 shares during the period. 95.99% of the stock is currently owned by institutional investors and hedge funds.

Prologis, Inc. (NYSE:PLD) opened at 62.58 on Monday. The company has a market cap of $33.28 billion, a price-to-earnings ratio of 28.09 and a beta of 0.94. The stock has a 50 day moving average of $60.38 and a 200-day moving average of $55.51. Prologis, Inc. has a one year low of $45.93 and a one year high of $63.08.

Prologis (NYSE:PLD) last issued its quarterly earnings data 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 firm had revenue of $766.18 million during the quarter, compared to the consensus estimate of $576 million. Prologis had a return on equity of 6.65% and a net margin of 43.99%. The company’s quarterly revenue was up 27.2% on a year-over-year basis. During the same period last year, the company earned $0.60 EPS. On average, equities analysts predict that Prologis, Inc. will post ($0.27) EPS for the current fiscal year.

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A number of analysts recently weighed in on the stock. Evercore ISI reaffirmed an “outperform” rating and set a $64.00 target price (up previously from $61.00) on shares of Prologis in a report on Friday, July 21st. Zacks Investment Research raised shares of Prologis from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a report on Monday, May 22nd. Barclays PLC reaffirmed an “overweight” rating and set a $61.00 target price (up previously from $59.00) on shares of Prologis in a report on Monday, July 24th. KeyCorp upped their target price on shares of Prologis from $62.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, July 25th. Finally, BidaskClub raised shares of Prologis from a “buy” rating to a “strong-buy” rating in a report on Friday, August 18th. Five equities research 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 stock. Prologis presently has a consensus rating of “Buy” and an average price target of $60.00.

In related news, CEO Hamid R. Moghadam sold 71,102 shares of the firm’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $56.34, for a total transaction of $4,005,886.68. Following the completion of the sale, the chief executive officer now directly owns 71,102 shares of the company’s stock, valued at approximately $4,005,886.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Hamid R. Moghadam sold 14,067 shares of the firm’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $56.00, for a total value of $787,752.00. Following the sale, the chief executive officer now directly owns 3,267 shares of the company’s stock, valued at $182,952. The disclosure for this sale can be found here. Insiders have sold a total of 458,807 shares of company stock valued at $26,018,101 over the last three months. Corporate insiders own 1.31% of the company’s stock.

Prologis Company Profile

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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