Today: Prologis Inc. (PLD) is LJ TRUST Co LLC’s 5th Largest Position

Today: Prologis Inc. (PLD) is LJ TRUST Co LLC’s 5th Largest Position

LJ TRUST Co LLC continued to hold its position in shares of Prologis Inc. (NYSE:PLD) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 454,000 shares of the company’s stock at the end of the third quarter. Prologis comprises approximately 3.3% of LJ TRUST Co LLC’s portfolio, making the stock its 5th largest position. LJ TRUST Co LLC owned 0.09% of Prologis worth $24,321,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Cohen & Steers Inc. boosted its position in shares of Prologis by 194.7% in the second quarter. Cohen & Steers Inc. now owns 31,179,168 shares of the company’s stock worth $1,529,026,000 after buying an additional 20,598,621 shares during the period. Daiwa Securities Group Inc. boosted 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 during the period. FMR LLC boosted its position in shares of Prologis by 22.4% in the second quarter. FMR LLC now owns 18,463,142 shares of the company’s stock worth $905,433,000 after buying an additional 3,379,560 shares during the period. Standard Life Investments LTD boosted its position in shares of Prologis by 1,356.5% in the third quarter. Standard Life Investments LTD now owns 3,296,087 shares of the company’s stock worth $176,439,000 after buying an additional 3,069,778 shares during the period. Finally, Shinko Asset Management Co. Ltd. boosted its position in shares of Prologis by 19.7% in the second quarter. Shinko Asset Management Co. Ltd. now owns 10,726,986 shares of the company’s stock worth $526,051,000 after buying an additional 1,766,843 shares during the period. 99.13% of the stock is owned by institutional investors.

Prologis Inc. (NYSE:PLD) traded up 1.67% during trading on Monday, hitting $50.53. 360,512 shares of the stock traded hands. The stock has a market cap of $26.71 billion, a P/E ratio of 30.19 and a beta of 1.15. The stock has a 50 day moving average price of $50.18 and a 200-day moving average price of $50.91. Prologis Inc. has a 52-week low of $35.25 and a 52-week high of $54.87.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Thursday, October 20th. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.03. The firm earned $705 million during the quarter, compared to analyst estimates of $221.07 million. Prologis had a net margin of 34.73% and a return on equity of 4.86%. Prologis’s revenue was up 21.3% on a year-over-year basis. During the same period last year, the firm posted $0.58 EPS. On average, analysts anticipate that Prologis Inc. will post ($0.27) EPS for the current fiscal year.

A number of research analysts recently issued reports on PLD shares. Capital One Financial Corp. raised shares of Prologis from an “underweight” rating to an “equal weight” rating and set a $53.00 price target for the company in a research report on Monday, October 17th. Robert W. Baird lowered shares of Prologis from an “outperform” rating to a “neutral” rating and raised their price objective for the company from $52.00 to $54.00 in a research note on Wednesday, August 17th. BTIG Research restated a “positive” rating on shares of Prologis in a research note on Thursday, October 20th. Evercore ISI upgraded shares of Prologis from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research note on Tuesday, October 18th. Finally, Zacks Investment Research lowered shares of Prologis from a “buy” rating to a “hold” rating in a research note on Friday, November 18th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the stock. Prologis has a consensus rating of “Hold” and an average target price of $51.36.

Prologis Company Profile

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