Cetera Advisors LLC Grows Position in Prologis Inc (NYSE:PLD)

Cetera Advisors LLC increased its position in shares of Prologis Inc (NYSE:PLD) by 54.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,710 shares of the real estate investment trust’s stock after buying an additional 2,372 shares during the quarter. Cetera Advisors LLC’s holdings in Prologis were worth $579,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Prologis by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 82,772,891 shares of the real estate investment trust’s stock worth $6,630,109,000 after buying an additional 307,216 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Prologis by 22.6% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 20,391,209 shares of the real estate investment trust’s stock worth $1,633,336,000 after buying an additional 3,763,203 shares during the last quarter. Invesco Ltd. grew its stake in Prologis by 52.6% during the 2nd quarter. Invesco Ltd. now owns 16,686,890 shares of the real estate investment trust’s stock worth $1,336,620,000 after buying an additional 5,752,196 shares during the last quarter. Northern Trust Corp grew its stake in Prologis by 3.7% during the 2nd quarter. Northern Trust Corp now owns 11,252,225 shares of the real estate investment trust’s stock worth $901,303,000 after buying an additional 397,397 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its stake in Prologis by 320.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 9,862,940 shares of the real estate investment trust’s stock worth $790,021,000 after buying an additional 7,514,715 shares during the last quarter. Hedge funds and other institutional investors own 95.86% of the company’s stock.

PLD has been the topic of a number of research reports. Wells Fargo & Co raised their price target on Prologis from $84.00 to $91.00 and gave the stock a “market perform” rating in a research note on Thursday, October 17th. Evercore ISI upgraded Prologis from an “in-line” rating to an “outperform” rating in a research note on Wednesday, November 6th. Deutsche Bank lifted their target price on Prologis from $82.00 to $87.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Citigroup lifted their target price on Prologis from $86.00 to $101.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $95.00 target price (up from $85.00) on shares of Prologis in a research note on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Prologis currently has a consensus rating of “Buy” and a consensus price target of $88.58.

NYSE PLD opened at $89.10 on Monday. Prologis Inc has a fifty-two week low of $55.21 and a fifty-two week high of $92.49. The stock has a market cap of $56.30 billion, a price-to-earnings ratio of 29.41, a price-to-earnings-growth ratio of 4.69 and a beta of 0.99. The business has a fifty day moving average of $87.42 and a 200-day moving average of $82.06. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.44.

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