Carl Domino Inc Lowers stake in Prologis Inc (PLD)

Prologis Inc (PLD) : Carl Domino Inc reduced its stake in Prologis Inc by 3.29% during the most recent quarter end. The investment management company now holds a total of 41,028 shares of Prologis Inc which is valued at $2,039,912 after selling 1,395 shares in Prologis Inc , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Prologis Inc makes up approximately 1.94% of Carl Domino Inc’s portfolio.

Other Hedge Funds, Including , Grassi Investment Management reduced its stake in PLD by selling 5,000 shares or 2.33% in the most recent quarter. The Hedge Fund company now holds 209,380 shares of PLD which is valued at $10,410,374. Prologis Inc makes up approx 2.01% of Grassi Investment Management’s portfolio. Contravisory Investment Management added PLD to its portfolio by purchasing 25 company shares during the most recent quarter which is valued at $1,253.Exxonmobil Investment Management Inc Tx reduced its stake in PLD by selling 1,442 shares or 1.06% in the most recent quarter. The Hedge Fund company now holds 134,549 shares of PLD which is valued at $6,700,540. Prologis Inc makes up approx 0.14% of Exxonmobil Investment Management Inc Tx’s portfolio.

Prologis Inc closed down -0.38 points or -0.76% at $49.72 with 21,14,687 shares getting traded on Tuesday. Post opening the session at $50.11, the shares hit an intraday low of $49.62 and an intraday high of $50.46 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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. 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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