Prologis Inc (NYSE:PLD) Shares Purchased by Citizens Financial Group Inc RI

Citizens Financial Group Inc RI grew its stake in shares of Prologis Inc (NYSE:PLD) by 9.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,781 shares of the real estate investment trust’s stock after acquiring an additional 157 shares during the quarter. Citizens Financial Group Inc RI’s holdings in Prologis were worth $152,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Prologis by 0.4% during the second quarter. Vanguard Group Inc. now owns 82,772,891 shares of the real estate investment trust’s stock valued at $6,630,109,000 after acquiring an additional 307,216 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Prologis by 22.6% during the second quarter. Price T Rowe Associates Inc. MD now owns 20,391,209 shares of the real estate investment trust’s stock valued at $1,633,336,000 after acquiring an additional 3,763,203 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Prologis by 52.6% during the second quarter. Invesco Ltd. now owns 16,686,890 shares of the real estate investment trust’s stock valued at $1,336,620,000 after acquiring an additional 5,752,196 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Prologis by 3.7% during the second quarter. Northern Trust Corp now owns 11,252,225 shares of the real estate investment trust’s stock valued at $901,303,000 after acquiring an additional 397,397 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its holdings in Prologis by 320.0% in 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 period. Hedge funds and other institutional investors own 95.64% of the company’s stock.

PLD has been the topic of several research reports. SunTrust Banks increased their price target on shares of Prologis from $89.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Stifel Nicolaus set a $95.00 price target on shares of Prologis and gave the stock a “buy” rating in a report on Tuesday, October 15th. Wells Fargo & Co increased their price target on shares of Prologis from $84.00 to $91.00 and gave the stock a “market perform” rating in a report on Thursday, October 17th. Royal Bank of Canada set a $96.00 price target on shares of Prologis and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, ValuEngine downgraded shares of Prologis from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $88.58.

Shares of NYSE:PLD opened at $87.57 on Thursday. Prologis Inc has a twelve month low of $55.21 and a twelve month high of $92.49. The company’s 50 day moving average is $86.96 and its 200 day moving average is $81.52. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.44. The company has a market cap of $55.45 billion, a PE ratio of 26.84, a price-to-earnings-growth ratio of 4.62 and a beta of 0.99.

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

About Prologis

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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