Cornerstone Real Estate Advisers buys $18,776,332 stake in Prologis Inc (PLD)

Prologis Inc (PLD) : Cornerstone Real Estate Advisers scooped up 203,210 additional shares in Prologis Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 392,646 shares of Prologis Inc which is valued at $18,776,332.Prologis Inc makes up approximately 6.45% of Cornerstone Real Estate Advisers’s portfolio.

Other Hedge Funds, Including , Rafferty Asset Management reduced its stake in PLD by selling 22,738 shares or 40.37% in the most recent quarter. The Hedge Fund company now holds 33,590 shares of PLD which is valued at $1,606,274. Prologis Inc makes up approx 0.06% of Rafferty Asset Management’s portfolio.Ls Investment Advisors reduced its stake in PLD by selling 2,896 shares or 19.33% in the most recent quarter. The Hedge Fund company now holds 12,085 shares of PLD which is valued at $614,160. Prologis Inc makes up approx 0.05% of Ls Investment Advisors’s portfolio.Diam Ltd. reduced its stake in PLD by selling 24,659 shares or 2.06% in the most recent quarter. The Hedge Fund company now holds 1,174,623 shares of PLD which is valued at $59,694,341. Prologis Inc makes up approx 0.93% of Diam Ltd.’s portfolio.State Of Wisconsin Investment Board reduced its stake in PLD by selling 10,800 shares or 2.08% in the most recent quarter. The Hedge Fund company now holds 507,433 shares of PLD which is valued at $25,767,448. Prologis Inc makes up approx 0.10% of State Of Wisconsin Investment Board’s portfolio.Trillium Asset Management reduced its stake in PLD by selling 69,105 shares or 54.49% in the most recent quarter. The Hedge Fund company now holds 57,710 shares of PLD which is valued at $3,010,154. Prologis Inc makes up approx 0.20% of Trillium Asset Management’s portfolio.

Prologis Inc opened for trading at $48.07 and hit $49.015 on the upside on Monday, eventually ending the session at $48.97, with a gain of 1.98% or 0.95 points. The heightened volatility saw the trading volume jump to 41,18,360 shares. Company has a market cap of $25,886 M.

On the company’s financial health, Prologis Inc reported $0.73 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Oct 20, 2016. Analyst had a consensus of $0.70. The company had revenue of $705.00 million for the quarter, compared to analysts expectations of $555.71 million. The company’s revenue was up 21.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS.

Many Wall Street Analysts have commented on Prologis Inc. Prologis Inc was Upgraded by CapitalOne to ” Equal Weight” on Oct 17, 2016. 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. 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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