Graybill Bartz Assoc Ltd Lowers stake in Prologis Inc (PLD)

Prologis Inc (PLD) : Graybill Bartz Assoc Ltd reduced its stake in Prologis Inc by 35.44% during the most recent quarter end. The investment management company now holds a total of 47,579 shares of Prologis Inc which is valued at $2,455,076 after selling 26,118 shares in Prologis Inc , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Prologis Inc makes up approximately 2.17% of Graybill Bartz Assoc Ltd’s portfolio.

Other Hedge Funds, Including , State Of Alaska Department Of Revenue reduced its stake in PLD by selling 33,240 shares or 14.66% in the most recent quarter. The Hedge Fund company now holds 193,567 shares of PLD which is valued at $9,988,057. Prologis Inc makes up approx 1.02% of State Of Alaska Department Of Revenue’s portfolio.Ferguson Wellman Capital Management Inc reduced its stake in PLD by selling 860 shares or 8.74% in the most recent quarter. The Hedge Fund company now holds 8,975 shares of PLD which is valued at $463,290. Prologis Inc makes up approx 0.02% of Ferguson Wellman Capital Management Inc’s portfolio.Capstone Asset Management Co boosted its stake in PLD in the latest quarter, The investment management firm added 2,866 additional shares and now holds a total of 54,601 shares of Prologis Inc which is valued at $2,765,541. Prologis Inc makes up approx 0.08% of Capstone Asset Management Co’s portfolio.British Columbia Investment Management Corp boosted its stake in PLD in the latest quarter, The investment management firm added 4,505 additional shares and now holds a total of 334,389 shares of Prologis Inc which is valued at $16,568,975. Prologis Inc makes up approx 0.14% of British Columbia Investment Management Corp’s portfolio.

Prologis Inc closed down -0.11 points or -0.21% at $51.6 with 33,74,290 shares getting traded on Wednesday. Post opening the session at $51.93, the shares hit an intraday low of $51.06 and an intraday high of $51.97 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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 Credit Suisse to ” Neutral” on Jul 20, 2016. UBS Downgraded Prologis Inc on Jul 1, 2016 to ” Neutral”, Price Target of the shares are set at $48.Prologis Inc was Downgraded by SunTrust to ” Neutral” on Jun 30, 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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