Apg Asset Management Us Lowers stake in Prologis Inc (PLD)

Prologis Inc (PLD) : Apg Asset Management Us reduced its stake in Prologis Inc by 0.96% during the most recent quarter end. The investment management company now holds a total of 18,107,958 shares of Prologis Inc which is valued at $984,167,517 after selling 174,759 shares in Prologis Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Prologis Inc makes up approximately 7.55% of Apg Asset Management Us’s portfolio.

Other Hedge Funds, Including , Cannell Peter B Co Inc reduced its stake in PLD by selling 25 shares or 0.07% in the most recent quarter. The Hedge Fund company now holds 35,775 shares of PLD which is valued at $1,944,371. Prologis Inc makes up approx 0.07% of Cannell Peter B Co Inc’s portfolio. Bank Of Hawaii sold out all of its stake in PLD during the most recent quarter. The investment firm sold 4,810 shares of PLD which is valued $260,029.Alps Advisors Inc reduced its stake in PLD by selling 1,928 shares or 3.13% in the most recent quarter. The Hedge Fund company now holds 59,605 shares of PLD which is valued at $3,130,455. Prologis Inc makes up approx 0.03% of Alps Advisors Inc’s portfolio.1st Global Advisors boosted its stake in PLD in the latest quarter, The investment management firm added 155 additional shares and now holds a total of 22,213 shares of Prologis Inc which is valued at $1,167,737. Prologis Inc makes up approx 0.16% of 1st Global Advisors’s portfolio.

Prologis Inc opened for trading at $53.85 and hit $54.21 on the upside on Tuesday, eventually ending the session at $53.82, with a gain of 0.41% or 0.22 points. The heightened volatility saw the trading volume jump to 11,79,934 shares. Company has a market cap of $28,361 M.

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. Company shares were Downgraded by Robert W. Baird on Aug 17, 2016 to ” Neutral”, Firm has raised the Price Target to $ 54 from a previous price target of $52 .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. 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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