Vigilant Capital Management Exits Position in Prologis Inc (PLD)

Prologis Inc (PLD) : Vigilant Capital Management has sold out all of its stake in Prologis Inc during the most recent quarter, according to the disclosure filed by the company on Oct 14, 2016 with the SEC. The investment management company has sold out 100 shares of Prologis Inc which is valued at $5,087.

Other Hedge Funds, Including , Sarasin Partners Llp boosted its stake in PLD in the latest quarter, The investment management firm added 5,197 additional shares and now holds a total of 436,004 shares of Prologis Inc which is valued at $22,179,523. Prologis Inc makes up approx 0.35% of Sarasin Partners Llp’s portfolio.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.Advisory Services Network boosted its stake in PLD in the latest quarter, The investment management firm added 35 additional shares and now holds a total of 108 shares of Prologis Inc which is valued at $5,378.Chevy Chase Trust Holdings reduced its stake in PLD by selling 9,073 shares or 2.02% in the most recent quarter. The Hedge Fund company now holds 439,723 shares of PLD which is valued at $22,201,614. Prologis Inc makes up approx 0.12% of Chevy Chase Trust Holdings’s portfolio.

Prologis Inc closed down -0.34 points or -0.66% at $50.87 with 14,37,620 shares getting traded on Friday. Post opening the session at $51.36, the shares hit an intraday low of $50.73 and an intraday high of $51.36 and the price fluctuated in this range throughout the day.Shares ended Friday 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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