Ownership Action Report: Prologis (NYSE:PLD) Institutional Investor Sentiment Is 0.92

November 28, 2016 - By Clifton Ray   ·   0 Comments

Ownership Action Report: Prologis (NYSE:PLD) Institutional Investor Sentiment Is 0.92

Sentiment for Prologis (NYSE:PLD)

Prologis (NYSE:PLD) institutional sentiment decreased to 0.92 in Q2 2016. Its down -0.09, from 1.01 in 2016Q1. The ratio is negative, as 211 active investment managers started new or increased positions, while 209 cut down and sold their stock positions in Prologis. The active investment managers in our partner’s database reported: 520.80 million shares, up from 516.05 million shares in 2016Q1. Also, the number of active investment managers holding Prologis in their top 10 positions increased from 21 to 22 for an increase of 1. Sold All: 35 Reduced: 174 Increased: 155 New Position: 56.

Prologis, Inc. is engaged in logistics real estate business, focused on markets across the Americas, Europe and Asia. The company has a market cap of $26.72 billion. The Firm owns or has investments in, on a basis or through co-investment ventures, properties and development projects in over 20 countries. It has a 30.29 P/E ratio. The Company’s divisions include Real Estate Operations and Strategic Capital.

About 1.79M shares traded hands. Prologis Inc (NYSE:PLD) has risen 8.54% since April 25, 2016 and is uptrending. It has outperformed by 2.52% the S&P500.

Analysts await Prologis Inc (NYSE:PLD) to report earnings on January, 24. They expect $0.63 earnings per share, down 1.56% or $0.01 from last year’s $0.64 per share. PLD’s profit will be $333.01M for 20.06 P/E if the $0.63 EPS becomes a reality. After $0.73 actual earnings per share reported by Prologis Inc for the previous quarter, Wall Street now forecasts -13.70% negative EPS growth.

According to Zacks Investment Research, “Prologis Incorporation is engaged in the acquisition, development, and operation of industrial properties in North America, Europe, and Asia. The Company had been formed after the merger of AMB Property Corporation and Prologis. Prologis Incorporation is headquartered in San Francisco, California.”

Presima Inc. holds 8.94% of its portfolio in Prologis Inc for 1.16 million shares. Security Capital Research & Management Inc owns 4.59 million shares or 7.64% of their US portfolio. Moreover, Apg Asset Management Us Inc. has 6.93% invested in the company for 18.11 million shares. The Massachusetts-based Aew Capital Management L P has invested 6.14% in the stock. Adelante Capital Management Llc, a California-based fund reported 2.27 million shares.#img1#

Prologis Inc (NYSE:PLD) Ratings Coverage

Ratings analysis reveals 50% of Prologis’s analysts are positive. Out of 20 Wall Street analysts rating Prologis, 10 give it “Buy”, 1 “Sell” rating, while 9 recommend “Hold”. The lowest target is $41 while the high is $60. The stock’s average target of $49.83 is -1.42% below today’s ($50.55) share price. PLD was included in 31 notes of analysts from July 22, 2015. The stock of Prologis Inc (NYSE:PLD) earned “Buy” rating by Stifel Nicolaus on Wednesday, October 21. On Monday, October 17 the stock rating was upgraded by CapitalOne to “Equal Weight”. The stock has “Buy” rating given by Evercore on Tuesday, September 8. BB&T Capital initiated the shares of PLD in a report on Thursday, November 12 with “Hold” rating. Goldman Sachs downgraded Prologis Inc (NYSE:PLD) on Monday, December 14 to “Sell” rating. Deutsche Bank downgraded it to “Hold” rating and $50 target price in Tuesday, June 21 report. Bank of America downgraded the shares of PLD in a report on Friday, June 24 to “Neutral” rating. On Friday, January 22 the stock rating was initiated by Jefferies with “Hold”. The stock of Prologis Inc (NYSE:PLD) has “Neutral” rating given on Thursday, June 30 by Suntrust Robinson. The rating was upgraded by Robert W. Baird on Wednesday, July 22 to “Outperform”.

PLD Company Profile

Prologis, Inc., incorporated on November 24, 1997, is engaged in logistics real estate business, focused on markets across the Americas, Europe and Asia. The Firm owns or has investments in, on a basis or through co-investment ventures, properties and development projects in over 20 countries. The Company’s operating divisions include Real Estate Operations and Strategic Capital. The Firm leases distribution facilities to over 5,200 clients across two categories, which include business-to-business and retail/online fulfillment. For business-to-business enterprises, its buildings serve a range of sectors, including automotive, transportation, pharmaceuticals and general consumer goods. In the area of retail/online fulfillment, its logistics facilities foster the seamless flow of goods around the world. The Company’s customer base represents a spectrum of international, national, regional and local distribution users.

Another recent and important Prologis Inc (NYSE:PLD) news was published by Prnewswire.com which published an article titled: “Prologis to Host Investor Forum in New York City Nov. 9” on November 07, 2016.

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By Clifton Ray


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