Cipher Capital LP raised its holdings in shares of Prologis, Inc. (NYSE:PLD) by 98.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,673 shares of the real estate investment trust’s stock after purchasing an additional 22,120 shares during the period. Cipher Capital LP’s holdings in Prologis were worth $2,620,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Prologis by 2.5% during the first quarter. Vanguard Group Inc. now owns 76,655,768 shares of the real estate investment trust’s stock valued at $3,976,902,000 after purchasing an additional 1,873,351 shares during the last quarter. BlackRock Inc. increased its stake in Prologis by 2,123.5% during the first quarter. BlackRock Inc. now owns 50,855,716 shares of the real estate investment trust’s stock valued at $2,638,393,000 after purchasing an additional 48,568,495 shares during the last quarter. State Street Corp increased its stake in Prologis by 0.6% during the first quarter. State Street Corp now owns 31,172,110 shares of the real estate investment trust’s stock valued at $1,617,220,000 after purchasing an additional 177,743 shares during the last quarter. FMR LLC increased its stake in Prologis by 9.4% during the first quarter. FMR LLC now owns 24,650,787 shares of the real estate investment trust’s stock valued at $1,278,883,000 after purchasing an additional 2,127,092 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Prologis by 8.3% during the first quarter. JPMorgan Chase & Co. now owns 13,064,732 shares of the real estate investment trust’s stock valued at $677,801,000 after purchasing an additional 996,367 shares during the last quarter. Hedge funds and other institutional investors own 96.00% of the company’s stock.

In other Prologis news, CEO Gary E. Anderson sold 65,000 shares of the stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $58.55, for a total transaction of $3,805,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Carl B. Webb sold 20,000 shares of the stock in a transaction on Friday, July 28th. The stock was sold at an average price of $61.38, for a total value of $1,227,600.00. Following the transaction, the director now owns 66,078 shares of the company’s stock, valued at $4,055,867.64. The disclosure for this sale can be found here. Corporate insiders own 1.31% of the company’s stock.

Prologis, Inc. (NYSE:PLD) opened at 63.78 on Monday. The stock’s 50 day moving average is $61.13 and its 200 day moving average is $55.98. The company has a market cap of $33.92 billion, a price-to-earnings ratio of 28.63 and a beta of 0.93. Prologis, Inc. has a 52-week low of $45.93 and a 52-week high of $64.14.

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

PLD has been the subject of several recent research reports. Evercore ISI reiterated an “outperform” rating and set a $64.00 target price (up previously from $61.00) on shares of Prologis in a research note on Friday, July 21st. Jefferies Group LLC reiterated a “hold” rating and set a $60.00 target price (up previously from $54.00) on shares of Prologis in a research note on Sunday, June 25th. Stifel Nicolaus reiterated a “buy” rating and set a $60.00 target price on shares of Prologis in a research note on Thursday, July 6th. Bank of America Corporation upgraded shares of Prologis from a “neutral” rating to a “buy” rating and boosted their target price for the company from $58.00 to $65.00 in a research note on Friday, June 23rd. Finally, Zacks Investment Research upgraded shares of Prologis from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research note on Monday, May 22nd. 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’s stock. Prologis currently has a consensus rating of “Buy” and a consensus price target of $60.00.

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Prologis 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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