Bp Plc Has $3,811,000 Position in Prologis, Inc. (NYSE:PLD)

BP PLC held its position in Prologis, Inc. (NYSE:PLD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,000 shares of the real estate investment trust’s stock at the end of the second quarter. BP PLC’s holdings in Prologis were worth $3,811,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. raised its stake in Prologis by 2,123.5% in the first quarter. BlackRock Inc. now owns 50,855,716 shares of the real estate investment trust’s stock valued at $2,638,393,000 after buying an additional 48,568,495 shares during the period. Brookfield Asset Management Inc. bought a new stake in Prologis during the first quarter valued at about $227,403,000. FMR LLC raised its stake in Prologis by 9.4% in the first quarter. FMR LLC now owns 24,650,787 shares of the real estate investment trust’s stock valued at $1,278,883,000 after buying an additional 2,127,092 shares during the period. Swedbank acquired a new stake in Prologis during the second quarter valued at $120,268,000. Finally, Vanguard Group Inc. raised its stake in Prologis by 2.5% in the first quarter. Vanguard Group Inc. now owns 76,655,768 shares of the real estate investment trust’s stock valued at $3,976,902,000 after buying an additional 1,873,351 shares during the period. Hedge funds and other institutional investors own 95.57% of the company’s stock.

Shares of Prologis, Inc. (PLD) traded down 0.11% during mid-day trading on Friday, hitting $61.23. The company’s stock had a trading volume of 1,993,934 shares. The stock’s 50 day moving average price is $59.89 and its 200 day moving average price is $55.04. Prologis, Inc. has a 52-week low of $45.93 and a 52-week high of $62.87. The company has a market cap of $32.57 billion, a price-to-earnings ratio of 27.48 and a beta of 0.94.

Prologis (NYSE:PLD) last posted its earnings results on Tuesday, July 18th. The real estate investment trust reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.06. Prologis had a net margin of 43.99% and a return on equity of 6.65%. The business had revenue of $766.18 million for the quarter, compared to analyst estimates of $576 million. During the same period in the prior year, the company posted $0.60 EPS. The company’s revenue for the quarter was up 27.2% on a year-over-year basis. Equities analysts forecast that Prologis, Inc. will post ($0.27) EPS for the current year.

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PLD has been the topic of several research analyst reports. Stifel Nicolaus raised their price objective on Prologis from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, May 30th. Zacks Investment Research raised Prologis from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a research note on Monday, May 22nd. Bank of America Corporation raised Prologis from a “neutral” rating to a “buy” rating and lifted their price target for the company from $58.00 to $65.00 in a research note on Friday, June 23rd. BidaskClub downgraded Prologis from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 21st. Finally, Royal Bank Of Canada restated a “buy” rating and set a $59.00 price objective on shares of Prologis in a research report on Thursday, June 8th. Five investment 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. The company has an average rating of “Buy” and an average price target of $59.60.

In related news, Director Carl B. Webb sold 20,000 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $61.38, for a total transaction of $1,227,600.00. Following the completion of the transaction, the director now owns 66,078 shares in the company, valued at approximately $4,055,867.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Edward S. Nekritz sold 16,850 shares of the company’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $56.98, for a total transaction of $960,113.00. Following the transaction, the insider now owns 191,800 shares of the company’s stock, valued at approximately $10,928,764. The disclosure for this sale can be found here. Over the last three months, insiders have sold 458,807 shares of company stock worth $26,018,101. Corporate insiders own 1.31% of the company’s stock.

About Prologis

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.

Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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