BSW Wealth Partners Takes $260,000 Position in Prologis Inc (PLD)

BSW Wealth Partners purchased a new stake in Prologis Inc (NYSE:PLD) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 3,840 shares of the real estate investment trust’s stock, valued at approximately $260,000.

Several other large investors also recently bought and sold shares of PLD. Atria Investments LLC increased its stake in shares of Prologis by 52.1% in the 2nd quarter. Atria Investments LLC now owns 5,366 shares of the real estate investment trust’s stock valued at $352,000 after acquiring an additional 1,837 shares in the last quarter. Creative Planning increased its stake in shares of Prologis by 19.3% in the 2nd quarter. Creative Planning now owns 6,441 shares of the real estate investment trust’s stock valued at $423,000 after acquiring an additional 1,043 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Prologis in the 2nd quarter valued at $1,071,000. Janney Montgomery Scott LLC increased its stake in shares of Prologis by 0.7% in the 2nd quarter. Janney Montgomery Scott LLC now owns 162,194 shares of the real estate investment trust’s stock valued at $10,655,000 after acquiring an additional 1,174 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Prologis by 16.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 290,371 shares of the real estate investment trust’s stock valued at $19,074,000 after acquiring an additional 42,052 shares in the last quarter. 89.25% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:PLD opened at $66.92 on Friday. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $42.62 billion, a P/E ratio of 23.81, a P/E/G ratio of 4.46 and a beta of 0.71. Prologis Inc has a fifty-two week low of $58.28 and a fifty-two week high of $68.20.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Tuesday, October 16th. The real estate investment trust reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.01. The company had revenue of $611.00 million for the quarter, compared to the consensus estimate of $582.23 million. Prologis had a net margin of 51.66% and a return on equity of 6.65%. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.63 EPS. On average, analysts expect that Prologis Inc will post 3.02 EPS for the current year.

Several research firms have recently weighed in on PLD. BMO Capital Markets reiterated a “buy” rating and issued a $70.00 price objective on shares of Prologis in a research note on Tuesday, October 16th. ValuEngine upgraded shares of Prologis from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Scotiabank began coverage on shares of Prologis in a report on Tuesday, October 16th. They set a “sector perform” rating on the stock. Zacks Investment Research downgraded shares of Prologis from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. Finally, Bank of America lifted their price objective on shares of Prologis from $72.00 to $73.00 and gave the stock a “buy” rating in a report on Monday, September 10th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $71.93.

In related news, insider Edward S. Nekritz sold 18,099 shares of the business’s stock in a transaction dated Friday, September 21st. The shares were sold at an average price of $67.66, for a total value of $1,224,578.34. Following the transaction, the insider now directly owns 106,102 shares of the company’s stock, valued at approximately $7,178,861.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Eugene F. Reilly sold 15,000 shares of the business’s stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $67.20, for a total transaction of $1,008,000.00. Following the completion of the transaction, the chief executive officer now directly owns 36,685 shares in the company, valued at $2,465,232. The disclosure for this sale can be found here. Insiders sold a total of 52,907 shares of company stock worth $3,565,328 over the last three months. 1.32% of the stock is owned by insiders.

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Prologis Company Profile

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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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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