Crossmark Global Holdings Inc. Buys New Holdings in Prologis, Inc. (PLD)

Crossmark Global Holdings Inc. bought a new position in shares of Prologis, Inc. (NYSE:PLD) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 60,839 shares of the real estate investment trust’s stock, valued at approximately $3,861,000.

Several other hedge funds have also bought and sold shares of PLD. Creative Planning increased its holdings in shares of Prologis by 3.4% during the 2nd quarter. Creative Planning now owns 2,078 shares of the real estate investment trust’s stock worth $122,000 after acquiring an additional 69 shares during the last quarter. Evercore Wealth Management LLC increased its holdings in shares of Prologis by 18.2% during the 2nd quarter. Evercore Wealth Management LLC now owns 2,270 shares of the real estate investment trust’s stock worth $134,000 after acquiring an additional 350 shares during the last quarter. Independent Portfolio Consultants Inc. increased its holdings in shares of Prologis by 82.0% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 2,718 shares of the real estate investment trust’s stock worth $159,000 after acquiring an additional 1,225 shares during the last quarter. Solaris Asset Management LLC grew its holdings in Prologis by 11.0% in the 2nd quarter. Solaris Asset Management LLC now owns 3,135 shares of the real estate investment trust’s stock valued at $184,000 after buying an additional 310 shares in the last quarter. Finally, IFP Advisors Inc grew its holdings in Prologis by 40.7% in the 2nd quarter. IFP Advisors Inc now owns 3,164 shares of the real estate investment trust’s stock valued at $186,000 after buying an additional 915 shares in the last quarter. 95.88% of the stock is currently owned by institutional investors and hedge funds.

PLD has been the topic of a number of research reports. BidaskClub lowered Prologis from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Barclays PLC reaffirmed an “overweight” rating and issued a $61.00 price objective (up from $59.00) on shares of Prologis in a report on Monday, July 24th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $66.00 price objective (up from $59.00) on shares of Prologis in a report on Thursday, August 24th. KeyCorp reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Prologis in a report on Sunday, August 27th. Finally, Wells Fargo & Company set a $65.00 price objective on Prologis and gave the company a “hold” rating in a report on Thursday, October 26th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $64.80.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Tuesday, October 17th. The real estate investment trust reported $0.67 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.67. The company had revenue of $531.18 million during the quarter, compared to analysts’ expectations of $573.68 million. Prologis had a return on equity of 9.93% and a net margin of 68.50%. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.14 earnings per share.

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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.

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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