California Public Employees Retirement System grew its position in Prologis Inc (NYSE:PLD) by 8.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,263,450 shares of the real estate investment trust’s stock after acquiring an additional 102,696 shares during the quarter. California Public Employees Retirement System owned about 0.24% of Prologis worth $80,179,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PLD. Highbridge Capital Management LLC lifted its holdings in shares of Prologis by 34.8% during the third quarter. Highbridge Capital Management LLC now owns 200,900 shares of the real estate investment trust’s stock worth $12,749,000 after purchasing an additional 51,900 shares during the period. Chevy Chase Trust Holdings Inc. lifted its holdings in shares of Prologis by 1.5% during the third quarter. Chevy Chase Trust Holdings Inc. now owns 463,874 shares of the real estate investment trust’s stock worth $29,437,000 after purchasing an additional 7,010 shares during the period. Baltimore Capital Management Inc. acquired a new stake in shares of Prologis during the third quarter worth $1,023,000. Payden & Rygel lifted its holdings in shares of Prologis by 2.0% during the third quarter. Payden & Rygel now owns 182,900 shares of the real estate investment trust’s stock worth $11,607,000 after purchasing an additional 3,500 shares during the period. Finally, L & S Advisors Inc acquired a new stake in shares of Prologis during the third quarter worth $2,598,000. 95.57% of the stock is owned by institutional investors and hedge funds.

In other news, CEO Eugene F. Reilly sold 15,000 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $66.61, for a total value of $999,150.00. Following the completion of the transaction, the chief executive officer now owns 63,365 shares in the company, valued at $4,220,742.65. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Eugene F. Reilly sold 18,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $66.55, for a total value of $1,197,900.00. Following the completion of the transaction, the chief executive officer now owns 63,365 shares of the company’s stock, valued at approximately $4,216,940.75. The disclosure for this sale can be found here. Company insiders own 1.31% of the company’s stock.

Several equities research analysts recently weighed in on PLD shares. SunTrust Banks raised Prologis from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Tuesday, September 5th. Bank of America set a $72.00 price target on Prologis and gave the stock a “buy” rating in a report on Wednesday, October 25th. KeyCorp reiterated a “buy” rating and issued a $65.00 price objective on shares of Prologis in a research report on Sunday, August 27th. BMO Capital Markets assumed coverage on Prologis in a research report on Monday, September 11th. They issued an “outperform” rating and a $69.00 price objective for the company. Finally, Zacks Investment Research upgraded Prologis from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research report on Monday, September 25th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Prologis presently has an average rating of “Buy” and a consensus target price of $66.31.

Prologis Inc (NYSE PLD) traded up $0.44 during trading hours on Wednesday, reaching $66.17. The company’s stock had a trading volume of 1,761,200 shares, compared to its average volume of 2,387,893. The stock has a market capitalization of $35,080.00, a PE ratio of 23.73, a price-to-earnings-growth ratio of 4.33 and a beta of 0.91. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.80 and a quick ratio of 0.80. Prologis Inc has a 1 year low of $48.33 and a 1 year high of $67.53.

Prologis (NYSE:PLD) last released its quarterly earnings data on Tuesday, October 17th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, hitting 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 firm had revenue of $531.18 million during the quarter, compared to analysts’ expectations of $573.68 million. During the same quarter in the prior year, the business posted $0.14 earnings per share. Prologis’s revenue was down 5.2% compared to the same quarter last year. sell-side analysts anticipate that Prologis Inc will post 2.8 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Monday, December 18th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date is Friday, December 15th. Prologis’s dividend payout ratio is currently 52.85%.

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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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