Kayne Anderson Capital Advisors LP lifted its stake in Prologis, Inc. (NYSE:PLD) by 98.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,900 shares of the real estate investment trust’s stock after acquiring an additional 5,400 shares during the period. Kayne Anderson Capital Advisors LP’s holdings in Prologis were worth $691,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PLD. Capital World Investors raised its position in shares of Prologis by 181.4% in the 2nd quarter. Capital World Investors now owns 6,640,000 shares of the real estate investment trust’s stock worth $389,370,000 after acquiring an additional 4,280,000 shares in the last quarter. Lazard Asset Management LLC raised its position in shares of Prologis by 3,877.2% in the 2nd quarter. Lazard Asset Management LLC now owns 2,533,654 shares of the real estate investment trust’s stock worth $148,573,000 after acquiring an additional 2,469,949 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Prologis by 2,672.5% in the 2nd quarter. Janus Henderson Group PLC now owns 1,985,678 shares of the real estate investment trust’s stock worth $116,440,000 after acquiring an additional 1,914,058 shares in the last quarter. APG Asset Management US Inc. raised its position in shares of Prologis by 8.0% in the 3rd quarter. APG Asset Management US Inc. now owns 17,942,319 shares of the real estate investment trust’s stock worth $1,138,620,000 after acquiring an additional 1,330,850 shares in the last quarter. Finally, Cbre Clarion Securities LLC raised its position in shares of Prologis by 8.7% in the 2nd quarter. Cbre Clarion Securities LLC now owns 8,902,292 shares of the real estate investment trust’s stock worth $522,030,000 after acquiring an additional 709,311 shares in the last quarter. 95.15% of the stock is owned by hedge funds and other institutional investors.

Shares of Prologis, Inc. (NYSE:PLD) traded down $0.51 during trading hours on Thursday, reaching $66.89. The company had a trading volume of 1,269,600 shares, compared to its average volume of 2,426,945. Prologis, Inc. has a 12 month low of $46.33 and a 12 month high of $67.53. The firm has a market cap of $35,862.32, a price-to-earnings ratio of 24.33, a P/E/G ratio of 4.52 and a beta of 0.92. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.53.

Prologis (NYSE:PLD) last announced its earnings results on Tuesday, October 17th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.67. Prologis had a return on equity of 9.93% and a net margin of 68.50%. The company had revenue of $531.18 million for the quarter, compared to analyst estimates of $573.68 million. During the same period in the prior year, the company posted $0.14 EPS. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. equities analysts predict that Prologis, Inc. will post 2.8 earnings per share for the current fiscal year.

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PLD has been the subject of several recent research reports. Zacks Investment Research lowered Prologis from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. BidaskClub raised Prologis from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Jefferies Group LLC reissued a “hold” rating and issued a $66.00 price target (up from $59.00) on shares of Prologis in a research report on Thursday, August 24th. KeyCorp reissued a “buy” rating and issued a $65.00 price target on shares of Prologis in a research report on Sunday, August 27th. Finally, SunTrust Banks, Inc. raised Prologis from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Tuesday, September 5th. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $65.50.

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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