Bnp Paribas Investment Partners S.a. Lowers stake in Prologis Inc (PLD)

Prologis Inc (PLD) : Bnp Paribas Investment Partners S.a. reduced its stake in Prologis Inc by 38.38% during the most recent quarter end. The investment management company now holds a total of 998,860 shares of Prologis Inc which is valued at $53,968,406 after selling 622,027 shares in Prologis Inc , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Prologis Inc makes up approximately 0.46% of Bnp Paribas Investment Partners S.a.’s portfolio.

Other Hedge Funds, Including , Norinchukin Bank The boosted its stake in PLD in the latest quarter, The investment management firm added 531 additional shares and now holds a total of 11,523 shares of Prologis Inc which is valued at $622,588. Prologis Inc makes up approx 0.01% of Norinchukin Bank The’s portfolio.Retirement Systems Of Alabama reduced its stake in PLD by selling 242,922 shares or 30.37% in the most recent quarter. The Hedge Fund company now holds 557,039 shares of PLD which is valued at $29,255,688. Prologis Inc makes up approx 0.17% of Retirement Systems Of Alabama’s portfolio. Gemmer Asset Management added PLD to its portfolio by purchasing 191 company shares during the most recent quarter which is valued at $10,041. Prologis Inc makes up approx 0.01% of Gemmer Asset Management’s portfolio.Robeco Institutional Asset Management B.v. reduced its stake in PLD by selling 115,242 shares or 26.02% in the most recent quarter. The Hedge Fund company now holds 327,681 shares of PLD which is valued at $17,226,190. Prologis Inc makes up approx 0.13% of Robeco Institutional Asset Management B.v.’s portfolio.

Prologis Inc closed down -0.18 points or -0.33% at $54.17 with 18,00,739 shares getting traded on Monday. Post opening the session at $54.37, the shares hit an intraday low of $54.06 and an intraday high of $54.54 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Prologis Inc reported $0.60 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $0.59. The company had revenue of $602.00 million for the quarter, compared to analysts expectations of $551.29 million. The company’s revenue was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.

Many Wall Street Analysts have commented on Prologis Inc. Prologis Inc was Downgraded by CapitalOne to ” Underweight” on Aug 8, 2016. Company shares were Reiterated by RBC Capital Mkts on Jul 26, 2016 to “Outperform”, Firm has raised the Price Target to $ 55 from a previous price target of $48 .Prologis Inc was Downgraded by Credit Suisse to ” Neutral” on Jul 20, 2016.

Prologis Inc. is engaged in industrial logistics real estate focused on markets across the Americas Europe and Asia. The Company leases modern distribution facilities to more than 4700 customers including third-party logistics providers transportation companies retailers and manufacturers. The Company’s business consists of two operating segments: Real Estate Operations and Strategic Capital. The Company’s customer base represents a spectrum of international national regional and local distribution users. As of December 31 2014 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 590 million square feet (55 million square meters) in 21 countries.

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