TD Asset Management Inc. raised its holdings in Prologis Inc (NYSE:PLD) by 1.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 184,770 shares of the real estate investment trust’s stock after acquiring an additional 2,090 shares during the period. TD Asset Management Inc.’s holdings in Prologis were worth $10,850,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in PLD. Clean Yield Group acquired a new stake in shares of Prologis during the 4th quarter worth $31,000. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Prologis by 134.5% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 523 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 300 shares during the last quarter. Evolution Wealth Advisors LLC acquired a new stake in shares of Prologis during the 4th quarter worth $35,000. Gradient Investments LLC increased its holdings in shares of Prologis by 43.8% during the 4th quarter. Gradient Investments LLC now owns 965 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 294 shares during the last quarter. Finally, Focused Wealth Management Inc acquired a new stake in shares of Prologis during the 4th quarter worth $70,000. Institutional investors and hedge funds own 95.80% of the company’s stock.
A number of analysts have recently commented on the company. BMO Capital Markets restated a “buy” rating and set a $70.00 price objective on shares of Prologis in a report on Tuesday, October 16th. Scotiabank began coverage on Prologis in a report on Tuesday, October 16th. They issued a “sector perform” rating for the company. ValuEngine upgraded Prologis from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Wells Fargo & Co set a $65.00 price target on Prologis and gave the company a “market perform” rating in a report on Wednesday, January 16th. They noted that the move was a valuation call. Finally, Deutsche Bank upgraded Prologis from a “hold” rating to a “buy” rating and increased their price target for the company from $68.00 to $72.00 in a report on Tuesday, December 18th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $71.92.
Shares of NYSE PLD opened at $71.04 on Tuesday. The company has a current ratio of 0.23, a quick ratio of 0.32 and a debt-to-equity ratio of 0.43. Prologis Inc has a 52-week low of $55.21 and a 52-week high of $71.29. The stock has a market capitalization of $44.59 billion, a price-to-earnings ratio of 23.45, a price-to-earnings-growth ratio of 4.33 and a beta of 1.03.
Prologis (NYSE:PLD) last issued its earnings results on Tuesday, January 22nd. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.01. Prologis had a net margin of 58.81% and a return on equity of 7.45%. The firm had revenue of $679.20 million for the quarter, compared to analysts’ expectations of $661.64 million. During the same quarter last year, the company posted $0.55 earnings per share. Prologis’s revenue was up 23.3% on a year-over-year basis. As a group, analysts anticipate that Prologis Inc will post 3.16 EPS for the current fiscal year.
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Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of September 30, 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 771 million square feet (72 million square meters) in 19 countries.
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