BB&T Corp Raises Stake in Prologis, Inc. (NYSE:PLD)

BB&T Corp lifted its position in Prologis, Inc. (NYSE:PLD) by 2.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 87,481 shares of the real estate investment trust’s stock after purchasing an additional 1,762 shares during the quarter. BB&T Corp’s holdings in Prologis were worth $5,552,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Shine Investment Advisory Services Inc. grew its holdings in Prologis by 0.6% during the 2nd quarter. Shine Investment Advisory Services Inc. now owns 8,929 shares of the real estate investment trust’s stock worth $524,000 after acquiring an additional 52 shares during the last quarter. Creative Planning grew its holdings 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. National Asset Management Inc. grew its holdings in Prologis by 1.5% during the 2nd quarter. National Asset Management Inc. now owns 5,137 shares of the real estate investment trust’s stock worth $302,000 after acquiring an additional 75 shares during the last quarter. LS Investment Advisors LLC grew its holdings in Prologis by 0.5% during the 2nd quarter. LS Investment Advisors LLC now owns 15,478 shares of the real estate investment trust’s stock worth $908,000 after acquiring an additional 76 shares during the last quarter. Finally, BKD Wealth Advisors LLC grew its holdings in Prologis by 1.3% during the 2nd quarter. BKD Wealth Advisors LLC now owns 6,091 shares of the real estate investment trust’s stock worth $357,000 after acquiring an additional 77 shares during the last quarter. 95.74% of the stock is currently owned by institutional investors and hedge funds.

Shares of Prologis, Inc. (NYSE:PLD) traded down $0.26 during trading hours on Friday, hitting $66.22. 1,587,600 shares of the company were exchanged, compared to its average volume of 2,454,202. The firm has a market cap of $35,372.81, a P/E ratio of 24.00, a price-to-earnings-growth ratio of 4.46 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, Inc. has a 1-year low of $45.93 and a 1-year high of $67.10.

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

PLD has been the topic of a number of research analyst reports. Evercore ISI reissued an “outperform” rating and set a $64.00 price objective (up previously from $61.00) on shares of Prologis in a report on Friday, July 21st. Barclays PLC restated an “overweight” rating and set a $61.00 target price (up from $59.00) on shares of Prologis in a research report on Monday, July 24th. BidaskClub downgraded shares of Prologis from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. KeyCorp upped their target price on shares of Prologis from $62.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, July 25th. Finally, Zacks Investment Research downgraded shares of Prologis from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $65.50.

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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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