Prologis Inc (PLD) Position Lowered by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. cut its holdings in shares of Prologis Inc (NYSE:PLD) by 8.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 388,637 shares of the real estate investment trust’s stock after selling 33,915 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.07% of Prologis worth $24,663,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Shine Investment Advisory Services Inc. boosted its holdings in shares of Prologis by 0.6% in 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 purchasing an additional 52 shares during the period. Creative Planning boosted its holdings in shares of Prologis by 3.4% in the 2nd quarter. Creative Planning now owns 2,078 shares of the real estate investment trust’s stock worth $122,000 after purchasing an additional 69 shares during the period. National Asset Management Inc. boosted its holdings in shares of Prologis by 1.5% in the 2nd quarter. National Asset Management Inc. now owns 5,137 shares of the real estate investment trust’s stock worth $302,000 after purchasing an additional 75 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Prologis by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 39,399 shares of the real estate investment trust’s stock worth $2,310,000 after purchasing an additional 133 shares during the period. Finally, Miles Capital Inc. boosted its holdings in shares of Prologis by 1.5% in the 2nd quarter. Miles Capital Inc. now owns 10,345 shares of the real estate investment trust’s stock worth $607,000 after purchasing an additional 157 shares during the period. 95.57% of the stock is currently owned by institutional investors.

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

A number of equities analysts have recently commented on the company. Evercore ISI upgraded Prologis from an “in-line” rating to an “outperform” rating in a report on Monday. Citigroup upped their target price on Prologis from $63.00 to $66.00 and gave the company a “neutral” rating in a research report on Thursday, October 19th. KeyCorp upped their target price on Prologis from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Monday, October 16th. BMO Capital Markets initiated coverage on Prologis in a research report on Monday, September 11th. They set an “outperform” rating and a $69.00 target price on the stock. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $65.00 target price on shares of Prologis in a research report on Thursday, September 21st. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $66.31.

Shares of Prologis Inc (NYSE:PLD) traded down $0.25 on Tuesday, hitting $65.94. The stock had a trading volume of 2,027,700 shares, compared to its average volume of 2,406,345. Prologis Inc has a 1 year low of $48.33 and a 1 year high of $67.53. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $35,218.51, a P/E ratio of 23.90, a price-to-earnings-growth ratio of 4.36 and a beta of 0.91.

Prologis (NYSE:PLD) last issued its earnings results on Tuesday, October 17th. The real estate investment trust reported $0.67 EPS for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $573.68 million. During the same quarter in the prior year, the business earned $0.14 earnings per share. The company’s revenue was down 5.2% compared to the same quarter last year. equities research analysts expect that Prologis Inc will post 2.8 EPS for the current fiscal year.

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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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