53 funds opened positions while 172 raised stakes. (NYSE:PLD) by 260.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The brokerage now has a buy rating on the real estate investment trust's stock. It is positive, as 38 investors sold PLD shares while 158 reduced holdings. Finally, APG Asset Management US Inc. increased its position in ProLogis by 0.7% in the first quarter. Bank of New York Mellon Corp increased its stake in shares of ProLogis by 19.5% in the first quarter. As of the last earnings report the EPS was $2.25 and is expected to be $-0.27 for the current year with 530,315,000 shares presently outstanding. Harrison Street Securities LLC raised its stake in ProLogis by 34.4% in the third quarter. Achmea Investment Management B.V. acquired a new position in shares of ProLogis during the first quarter valued at about $1,936,000. APG Asset Management US Inc. now owns 17,260,069 shares of the real estate investment trust's stock worth $895,452,000 after buying an additional 117,972 shares during the last quarter. Goldman Sachs Group Inc. now owns 5,401,344 shares of the real estate investment trust's stock valued at $280,223,000 after buying an additional 1,096,366 shares in the last quarter. Badgley Phelps Bell Inc holds 0.8% of its portfolio in Prologis Inc (NYSE:PLD) for 174,159 shares. Stonehill Capital Management Llc who had been investing in Luxfer Adr for a number of months, seems to be less bullish one the $334.47M market cap company.
Company chares are trading at $58.53 a bit higher than the 50 day moving average which is $56.72 and a tad higher than the 200 day moving average of $53.15. ProLogis has a 12 month low of $45.93 and a 12 month high of $59.49.
The share price of the company (NYSE:PLD) was down -1.12%, with a high of 59.32 during the day and the volume of ProLogis, Inc. shares traded was 2244151.
For a total return analysis, there is the 2.40% return on equity to consider. The firm had revenue of $629.16 million for the quarter, compared to analysts' expectations of $555.37 million. During the same quarter in the prior year, the firm earned $0.61 EPS. ProLogis's revenue for the quarter was up 3.8% compared to the same quarter a year ago. Equities research analysts anticipate that ProLogis, Inc. will post ($0.27) EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Wednesday, June 14th were paid a $0.44 dividend. The ex-dividend date was Monday, June 12th. This represents a $1.76 annualized dividend and a yield of 3.05%.
Carrizo Oil & Gas, Inc. (CRZO) Cut to "Sell" at Seaport Global Securities
Elkfork Partners LLC purchased a new position in Carrizo Oil & Gas during the fourth quarter valued at approximately $132,000. Finally, State of Alaska Department of Revenue boosted its stake in shares of Carrizo Oil & Gas by 1.8% in the first quarter.
TRADEMARK VIOLATION NOTICE: This report was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. Blackrock Ltd Llc has invested 0.04% in Prologis Inc (NYSE:PLD). The legal version of this story can be viewed at https://sportsperspectives.com/2017/07/06/prologis-inc-pld-downgraded-by-bidaskclub-updated.html.
PLD has been the subject of a number of recent research reports. BTIG Research reissued a buy rating and issued a $57.00 price objective on shares of ProLogis in a report on Tuesday, April 11th. Zacks Investment Research raised shares of ProLogis from a "hold" rating to a "buy" rating and set a $62.00 target price on the stock in a research report on Monday, May 22nd. Finally, Evercore ISI increased their price target on shares of ProLogis from $58.00 to $59.00 and gave the stock an outperform rating in a research note on Wednesday, April 19th. Stifel Nicolaus boosted their price objective on ProLogis from $57.00 to $60.00 and gave the company a "buy" rating in a research report on Tuesday, May 30th.
Among 20 analysts covering Prologis (NYSE:PLD), 10 have Buy rating, 1 Sell and 9 Hold. The company presently has an average rating of "Buy" and a consensus target price of $57.47.
In other news, CEO Gary E. Anderson sold 65,000 shares of the stock in a transaction dated Thursday, June 15th. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
In other ProLogis news, insider Edward S. Nekritz sold 25,000 shares of the firm's stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $56.98, for a total transaction of $960,113.00. Following the transaction, the insider now directly owns 3,315 shares in the company, valued at approximately $178,844.25. The disclosure for this sale can be found here. The insider Shin Hak Cheol sold 47,528 shares worth $8.41 million. The Company is engaged in logistics real estate business. 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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