Prologis, Inc. (PLD) Position Lifted by Parametrica Management Ltd

Parametrica Management Ltd increased its position in shares of Prologis, Inc. (NYSE:PLD) by 33.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,740 shares of the real estate investment trust’s stock after acquiring an additional 1,674 shares during the quarter. Parametrica Management Ltd’s holdings in Prologis were worth $428,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in PLD. Creative Planning boosted its stake in Prologis by 3.4% during the 2nd quarter. Creative Planning now owns 2,078 shares of the real estate investment trust’s stock worth $122,000 after acquiring an additional 69 shares during the last quarter. Evercore Wealth Management LLC boosted its stake in Prologis by 18.2% during the 2nd quarter. Evercore Wealth Management LLC now owns 2,270 shares of the real estate investment trust’s stock worth $134,000 after acquiring an additional 350 shares during the last quarter. Independent Portfolio Consultants Inc. boosted its stake in Prologis by 82.0% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 2,718 shares of the real estate investment trust’s stock worth $159,000 after acquiring an additional 1,225 shares during the last quarter. Solaris Asset Management LLC boosted its stake in Prologis by 11.0% during the 2nd quarter. Solaris Asset Management LLC now owns 3,135 shares of the real estate investment trust’s stock worth $184,000 after acquiring an additional 310 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in Prologis by 40.7% during the 2nd quarter. IFP Advisors Inc now owns 3,164 shares of the real estate investment trust’s stock worth $186,000 after acquiring an additional 915 shares during the last quarter. 95.88% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “Prologis, Inc. (PLD) Position Lifted by Parametrica Management Ltd” was originally reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this piece on another website, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be accessed at https://sportsperspectives.com/2017/11/01/prologis-inc-pld-position-lifted-by-parametrica-management-ltd.html.

Several research analysts recently weighed in on PLD shares. Stifel Nicolaus reissued a “buy” rating and set a $60.00 price objective on shares of Prologis in a research note on Thursday, July 6th. Evercore ISI reaffirmed an “outperform” rating and issued a $64.00 price target (up previously from $61.00) on shares of Prologis in a research note on Friday, July 21st. Barclays PLC reaffirmed an “overweight” rating and issued a $61.00 price target (up previously from $59.00) on shares of Prologis in a research note on Monday, July 24th. BidaskClub lowered shares of Prologis from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, KeyCorp lifted their price target on shares of Prologis from $62.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, July 25th. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Prologis has a consensus rating of “Buy” and a consensus price target of $64.31.

Shares of Prologis, Inc. (PLD) traded up 0.05% during mid-day trading on Wednesday, hitting $64.61. 124,429 shares of the stock were exchanged. The stock’s 50 day moving average price is $64.38 and its 200-day moving average price is $59.90. Prologis, Inc. has a 12-month low of $45.93 and a 12-month high of $65.63. The stock has a market capitalization of $35.80 billion, a P/E ratio of 19.37 and a beta of 0.92.

Prologis (NYSE:PLD) last released its earnings results on Tuesday, October 17th. The real estate investment trust reported $0.67 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.67. The company had revenue of $531.18 million for the quarter, compared to analysts’ expectations of $573.68 million. Prologis had a return on equity of 9.92% and a net margin of 68.50%. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.14 EPS. On average, equities research analysts expect that Prologis, Inc. will post ($0.27) EPS for the current fiscal year.

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.

Institutional Ownership by Quarter for Prologis (NYSE:PLD)

Receive News & Ratings for Prologis Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prologis Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply