Meiji Yasuda Asset Management Co Ltd. Sells 650 Shares of ProLogis, Inc. (PLD)

Meiji Yasuda Asset Management Co Ltd. decreased its position in shares of ProLogis, Inc. (NYSE:PLD) by 1.7% during the fourth quarter, Holdings Channel reports. The firm owned 36,836 shares of the company’s stock after selling 650 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in ProLogis were worth $1,945,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Evercore Wealth Management LLC increased its stake in shares of ProLogis by 7.6% in the second quarter. Evercore Wealth Management LLC now owns 2,065 shares of the company’s stock worth $101,000 after buying an additional 145 shares during the period. Solaris Asset Management LLC bought a new stake in shares of ProLogis during the third quarter worth approximately $131,000. HighPoint Advisor Group LLC bought a new stake in shares of ProLogis during the third quarter worth approximately $205,000. Bridgewater Wealth & Financial Management LLC bought a new stake in shares of ProLogis during the third quarter worth approximately $210,000. Finally, Global X Management Co. LLC increased its stake in shares of ProLogis by 53.1% in the third quarter. Global X Management Co. LLC now owns 4,366 shares of the company’s stock worth $234,000 after buying an additional 1,514 shares during the period.

Institutional Ownership by Quarter for ProLogis (NYSE:PLD)

ProLogis, Inc. (NYSE:PLD) traded up 1.40% during midday trading on Friday, reaching $50.11. 1,935,256 shares of the company’s stock were exchanged. ProLogis, Inc. has a 52 week low of $36.18 and a 52 week high of $54.87. The firm has a 50-day moving average price of $51.45 and a 200 day moving average price of $51.85. The company has a market cap of $27.60 billion, a price-to-earnings ratio of 22.77 and a beta of 1.05.

ProLogis (NYSE:PLD) last posted its quarterly earnings data on Tuesday, January 24th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.00. The firm earned $620 million during the quarter, compared to the consensus estimate of $221.07 million. ProLogis had a net margin of 47.76% and a return on equity of 6.62%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.64 EPS. Analysts anticipate that ProLogis, Inc. will post ($0.27) EPS for the current year.

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Several analysts have issued reports on the stock. Robert W. Baird raised shares of ProLogis from a “neutral” rating to an “outperform” rating and set a $55.00 target price on the stock in a research note on Monday, November 28th. Cantor Fitzgerald set a $55.00 target price on shares of ProLogis and gave the company a “buy” rating in a research note on Thursday, November 10th. BTIG Research reissued a “positive” rating and set a $57.00 target price on shares of ProLogis in a research note on Friday, November 11th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $57.00 target price on shares of ProLogis in a research note on Wednesday, November 2nd. Finally, Barclays PLC reissued an “overweight” rating and set a $54.00 target price (down from $58.00) on shares of ProLogis in a research note on Monday, January 23rd. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $53.94.

ProLogis Company Profile

Prologis, Inc is engaged in logistics real estate business, focused on markets across the Americas, Europe and Asia. The Company owns or has investments in, on a basis or through co-investment ventures, properties and development projects in over 20 countries. Its segments include Real Estate Operations and Strategic Capital.

5 Day Chart for NYSE:PLD

Want to see what other hedge funds are holding PLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProLogis, Inc. (NYSE:PLD).

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