Rothschild & Co. Asset Management US Inc. Sells 55,473 Shares of Prologis, Inc. (NYSE:PLD)

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Rothschild & Co. Asset Management US Inc. trimmed its stake in Prologis, Inc. (NYSE:PLD) by 11.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 412,532 shares of the real estate investment trust’s stock after selling 55,473 shares during the period. Prologis comprises about 0.7% of Rothschild & Co. Asset Management US Inc.’s investment portfolio, making the stock its 24th largest position. Rothschild & Co. Asset Management US Inc. owned 0.06% of Prologis worth $41,509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently made changes to their positions in the business. BlackRock Inc. lifted its stake in shares of Prologis by 3.8% in the 3rd quarter. BlackRock Inc. now owns 74,573,539 shares of the real estate investment trust’s stock valued at $7,503,588,000 after purchasing an additional 2,758,591 shares during the period. APG Asset Management US Inc. lifted its holdings in shares of Prologis by 4.8% in the second quarter. APG Asset Management US Inc. now owns 26,018,500 shares of the real estate investment trust’s stock worth $2,428,307,000 after buying an additional 1,196,000 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Prologis by 11.2% in the second quarter. Principal Financial Group Inc. now owns 15,747,634 shares of the real estate investment trust’s stock worth $1,469,728,000 after buying an additional 1,585,088 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Prologis by 7.5% in the second quarter. Bank of America Corp DE now owns 10,307,221 shares of the real estate investment trust’s stock worth $961,972,000 after buying an additional 717,531 shares in the last quarter. Finally, PGGM Investments lifted its holdings in shares of Prologis by 9.1% in the third quarter. PGGM Investments now owns 8,577,655 shares of the real estate investment trust’s stock worth $863,084,000 after buying an additional 718,859 shares in the last quarter. Hedge funds and other institutional investors own 94.75% of the company’s stock.

PLD has been the topic of several research reports. UBS Group initiated coverage on shares of Prologis in a research report on Friday, October 16th. They issued a “buy” rating and a $126.00 price target on the stock. Jefferies Financial Group raised their price objective on shares of Prologis from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Wells Fargo & Company raised their target price on shares of Prologis from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. Royal Bank of Canada raised their target price on shares of Prologis from $102.00 to $108.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 28th. Finally, BMO Capital Markets initiated coverage on shares of Prologis in a report on Wednesday, July 22nd. They set a “buy” rating and a $111.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $106.67.

PLD traded up $0.28 during trading on Tuesday, hitting $103.54. The stock had a trading volume of 23,613 shares, compared to its average volume of 3,565,751. The company has a market capitalization of $76.33 billion, a PE ratio of 45.89, a PEG ratio of 3.60 and a beta of 0.90. Prologis, Inc. has a twelve month low of $59.82 and a twelve month high of $112.37. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.48 and a current ratio of 0.48. The stock has a 50 day simple moving average of $103.13 and a two-hundred day simple moving average of $97.89.

Prologis (NYSE:PLD) last announced its earnings results on Tuesday, October 20th. The real estate investment trust reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by ($0.48). Prologis had a net margin of 43.27% and a return on equity of 5.55%. The firm had revenue of $984.00 million during the quarter, compared to analyst estimates of $955.32 million. During the same quarter last year, the business earned $0.97 earnings per share. Prologis’s revenue was up 38.2% on a year-over-year basis. On average, equities research analysts anticipate that Prologis, Inc. will post 3.7 EPS for the current year.

Prologis Company Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high growth markets. As of March 31, 2020, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 965 million square feet (90 million square meters) in 19 countries.

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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