Today, JPMorgan Chase & Co. decides to keep it stake in Prologis Inc. (PLD) to the level of $585,017,000

Today, JPMorgan Chase & Co. decides to keep it stake in Prologis Inc. (PLD) to the level of $585,017,000
JPMorgan Chase & Co. boosted its position in Prologis Inc. (NYSE:PLD) by 15.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,926,745 shares of the company’s stock after buying an additional 1,439,073 shares during the period. JPMorgan Chase & Co. owned approximately 2.07% of Prologis worth $585,017,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in PLD. Quantbot Technologies LP boosted its stake in shares of Prologis by 1,307.3% in the second quarter. Quantbot Technologies LP now owns 244,711 shares of the company’s stock worth $12,000,000 after buying an additional 227,322 shares during the period. Daiwa Securities Group Inc. raised its position in shares of Prologis by 106.2% in the second quarter. Daiwa Securities Group Inc. now owns 15,437,311 shares of the company’s stock worth $757,046,000 after buying an additional 7,950,874 shares in the last quarter. State of New Jersey Common Pension Fund D raised its position in shares of Prologis by 6.3% in the second quarter. State of New Jersey Common Pension Fund D now owns 746,000 shares of the company’s stock worth $36,583,000 after buying an additional 44,000 shares in the last quarter. Resolution Capital Ltd raised its position in shares of Prologis by 19.3% in the second quarter. Resolution Capital Ltd now owns 768,812 shares of the company’s stock worth $37,703,000 after buying an additional 124,455 shares in the last quarter. Finally, Creative Planning raised its position in shares of Prologis by 12.7% in the second quarter. Creative Planning now owns 2,889 shares of the company’s stock worth $142,000 after buying an additional 325 shares in the last quarter. 98.90% of the stock is owned by hedge funds and other institutional investors.

Prologis Inc. (NYSE:PLD) opened at 49.71 on Friday. The firm’s 50-day moving average is $50.21 and its 200-day moving average is $50.90. Prologis Inc. has a 52-week low of $35.25 and a 52-week high of $54.87. The stock has a market cap of $26.28 billion, a P/E ratio of 29.70 and a beta of 1.15.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Thursday, October 20th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.03. The firm had revenue of $705 million for the quarter, compared to analysts’ expectations of $221.07 million. Prologis had a net margin of 34.73% and a return on equity of 4.86%. 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. Equities research analysts predict that Prologis Inc. will post ($0.27) earnings per share for the current year.

A number of equities analysts recently weighed in on PLD shares. Wells Fargo & Co. restated a “neutral” rating on shares of Prologis in a research report on Sunday, September 4th. Capital One Financial Corp. upgraded shares of Prologis from an “underweight” rating to an “equal weight” rating and set a $53.00 target price for the company in a research report on Monday, October 17th. Zacks Investment Research upgraded shares of Prologis from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research report on Thursday, November 17th. Evercore ISI upgraded shares of Prologis from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research report on Tuesday, October 18th. Finally, BTIG Research started coverage on shares of Prologis in a research report on Thursday, August 25th. They set a “buy” rating and a $60.00 target price for the company. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company’s stock. Prologis currently has a consensus rating of “Hold” and a consensus target price of $51.31.

About Prologis

Related posts

Leave a Comment