Signature Estate & Investment Advisors LLC Sells 9,092 Shares of Prologis Inc (NYSE:PLD)

Signature Estate & Investment Advisors LLC reduced its stake in shares of Prologis Inc (NYSE:PLD) by 2.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 329,332 shares of the real estate investment trust’s stock after selling 9,092 shares during the period. Prologis comprises 2.0% of Signature Estate & Investment Advisors LLC’s investment portfolio, making the stock its 13th biggest position. Signature Estate & Investment Advisors LLC owned approximately 0.05% of Prologis worth $26,380,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. Berman Capital Advisors LLC lifted its stake in shares of Prologis by 105.3% during the 1st quarter. Berman Capital Advisors LLC now owns 388 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 199 shares in the last quarter. Thor Advisors LLC purchased a new stake in shares of Prologis during the 1st quarter valued at approximately $37,000. Hexavest Inc. purchased a new stake in shares of Prologis during the 2nd quarter valued at approximately $42,000. Rational Advisors LLC lifted its stake in shares of Prologis by 61.8% during the 1st quarter. Rational Advisors LLC now owns 618 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 236 shares in the last quarter. Finally, Coastal Investment Advisors Inc. lifted its stake in shares of Prologis by 1,772.2% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 674 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 638 shares in the last quarter. 95.35% of the stock is owned by hedge funds and other institutional investors.

Shares of Prologis stock traded up $0.68 on Thursday, hitting $80.94. 109,668 shares of the company traded hands, compared to its average volume of 2,189,428. The company’s 50-day simple moving average is $81.23. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $51.56 billion, a P/E ratio of 26.55, a P/E/G ratio of 4.40 and a beta of 1.03. Prologis Inc has a 12-month low of $55.21 and a 12-month high of $83.99.



Prologis (NYSE:PLD) last posted its quarterly earnings data on Monday, July 15th. The real estate investment trust reported $0.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.16). The company had revenue of $700.69 million for the quarter, compared to analysts’ expectations of $704.19 million. Prologis had a net margin of 55.04% and a return on equity of 6.55%. The business’s quarterly revenue was up 28.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 EPS. Research analysts forecast that Prologis Inc will post 3.28 EPS for the current year.

PLD has been the topic of a number of recent research reports. SunTrust Banks upped their price target on shares of Prologis from $81.00 to $89.00 and gave the company a “buy” rating in a research note on Tuesday. Goldman Sachs Group began coverage on shares of Prologis in a research note on Wednesday, May 15th. They issued a “conviction-buy” rating on the stock. KeyCorp increased their target price on shares of Prologis from $79.00 to $86.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Citigroup set a $86.00 target price on shares of Prologis and gave the stock a “buy” rating in a research note on Thursday, June 6th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $85.00 target price on shares of Prologis in a research note on Wednesday, July 17th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $78.18.

In other news, Director Philip L. Hawkins sold 9,000 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $78.72, for a total transaction of $708,480.00. Following the sale, the director now owns 35,511 shares in the company, valued at approximately $2,795,425.92. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Thomas S. Olinger sold 13,051 shares of the firm’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $82.25, for a total transaction of $1,073,444.75. Following the sale, the chief financial officer now owns 20,667 shares in the company, valued at approximately $1,699,860.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,551 shares of company stock worth $2,803,425. Corporate insiders own 1.10% of the company’s stock.

Prologis Company Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2018, 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 768 million square feet (71 million square meters) in 19 countries.

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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