Prologis Inc (NYSE:PLD) Position Raised by AE Wealth Management LLC

AE Wealth Management LLC increased its position in shares of Prologis Inc (NYSE:PLD) by 742.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 34,803 shares of the real estate investment trust’s stock after buying an additional 30,670 shares during the quarter. AE Wealth Management LLC’s holdings in Prologis were worth $2,966,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Sandy Spring Bank acquired a new position in Prologis in the third quarter worth approximately $33,000. Prestige Wealth Management Group LLC acquired a new position in Prologis in the second quarter worth approximately $39,000. Hexavest Inc. acquired a new position in Prologis in the second quarter worth approximately $42,000. HM Payson & Co. acquired a new position in Prologis in the second quarter worth approximately $43,000. Finally, Meeder Asset Management Inc. grew its position in Prologis by 4,300.0% in the second quarter. Meeder Asset Management Inc. now owns 660 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 645 shares during the last quarter. 95.86% of the stock is currently owned by hedge funds and other institutional investors.

NYSE PLD opened at $87.93 on Thursday. Prologis Inc has a twelve month low of $55.21 and a twelve month high of $92.49. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.27 and a current ratio of 1.27. The stock has a market cap of $55.01 billion, a price-to-earnings ratio of 29.02, a PEG ratio of 4.58 and a beta of 0.99. The firm’s 50 day moving average price is $87.25 and its two-hundred day moving average price is $81.93.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Tuesday, October 15th. The real estate investment trust reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.23. Prologis had a net margin of 53.87% and a return on equity of 6.92%. The firm had revenue of $712.00 million for the quarter, compared to analysts’ expectations of $715.40 million. During the same period in the previous year, the company posted $0.72 EPS. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. On average, research analysts forecast that Prologis Inc will post 3.31 EPS for the current fiscal year.

PLD has been the topic of several recent research reports. BMO Capital Markets restated a “buy” rating and issued a $95.00 price target (up previously from $85.00) on shares of Prologis in a research report on Wednesday, November 6th. Deutsche Bank lifted their price target on shares of Prologis from $82.00 to $87.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Evercore ISI upgraded shares of Prologis from an “in-line” rating to an “outperform” rating in a research report on Wednesday, November 6th. Citigroup lifted their price target on shares of Prologis from $86.00 to $101.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, ValuEngine cut shares of Prologis from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Four equities 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 company. The company has a consensus rating of “Buy” and an average price target of $88.58.

Prologis 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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