Whittier Trust Co. Decreases Position in Prologis Inc (PLD)

Whittier Trust Co. reduced its stake in Prologis Inc (NYSE:PLD) by 21.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,227 shares of the real estate investment trust’s stock after selling 19,339 shares during the period. Whittier Trust Co.’s holdings in Prologis were worth $4,595,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in PLD. Cubist Systematic Strategies LLC increased its stake in shares of Prologis by 62.6% during the second quarter. Cubist Systematic Strategies LLC now owns 7,640 shares of the real estate investment trust’s stock valued at $448,000 after purchasing an additional 2,940 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of Prologis by 7.2% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 9,289 shares of the real estate investment trust’s stock valued at $545,000 after purchasing an additional 626 shares in the last quarter. Bank of Nova Scotia increased its stake in shares of Prologis by 5.2% during the second quarter. Bank of Nova Scotia now owns 12,854 shares of the real estate investment trust’s stock valued at $754,000 after purchasing an additional 630 shares in the last quarter. National Asset Management Inc. increased its stake in shares of Prologis by 1.5% during the second quarter. National Asset Management Inc. now owns 5,137 shares of the real estate investment trust’s stock valued at $302,000 after purchasing an additional 75 shares in the last quarter. Finally, WINTON GROUP Ltd increased its stake in shares of Prologis by 293.7% during the second quarter. WINTON GROUP Ltd now owns 28,538 shares of the real estate investment trust’s stock valued at $1,673,000 after purchasing an additional 21,289 shares in the last quarter. 95.17% of the stock is owned by institutional investors.

Prologis Inc (NYSE:PLD) opened at $60.32 on Monday. The firm has a market cap of $32,102.30, a price-to-earnings ratio of 19.71, a PEG ratio of 3.84 and a beta of 0.83. Prologis Inc has a one year low of $48.80 and a one year high of $67.53. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.80 and a current ratio of 0.35.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Tuesday, January 23rd. The real estate investment trust reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.01. The business had revenue of $550.65 million for the quarter, compared to analysts’ expectations of $533.54 million. Prologis had a net margin of 63.11% and a return on equity of 9.11%. The company’s revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.63 EPS. equities research analysts forecast that Prologis Inc will post 2.9 earnings per share for the current fiscal year.

In related news, Director William D. Zollars sold 4,020 shares of Prologis stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $60.48, for a total transaction of $243,129.60. Following the transaction, the director now owns 20,225 shares in the company, valued at approximately $1,223,208. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Eugene F. Reilly sold 15,000 shares of Prologis stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $66.61, for a total transaction of $999,150.00. Following the transaction, the chief executive officer now owns 63,365 shares in the company, valued at approximately $4,220,742.65. The disclosure for this sale can be found here. Insiders have sold a total of 103,872 shares of company stock worth $6,843,648 in the last quarter. Corporate insiders own 1.31% of the company’s stock.

PLD has been the topic of several research reports. BMO Capital Markets set a $68.00 target price on shares of Prologis and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Bank of America set a $72.00 target price on shares of Prologis and gave the stock a “buy” rating in a report on Wednesday, October 25th. KeyCorp restated a “buy” rating and issued a $72.00 target price on shares of Prologis in a report on Thursday, December 21st. Jefferies Group restated a “neutral” rating on shares of Prologis in a report on Wednesday, January 24th. Finally, Citigroup raised their target price on shares of Prologis from $63.00 to $66.00 and gave the stock a “neutral” rating in a report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven 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 a consensus price target of $67.06.

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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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