Resolution Capital LTD Has Decreased Prologis INC (PLD) Position by $10.25 Million as Stock Price Declined

May 22, 2018 - By Hazel Jackson

Prologis, Inc. (NYSE:PLD) LogoInvestors sentiment increased to 1.22 in 2017 Q4. Its up 0.06, from 1.16 in 2017Q3. It is positive, as 36 investors sold PLD shares while 168 reduced holdings. 60 funds opened positions while 189 raised stakes. 494.61 million shares or 0.16% less from 495.40 million shares in 2017Q3 were reported. Cornerstone Advsr Inc invested in 0.14% or 19,000 shares. Legal General Grp Plc has 4.12M shares for 0.19% of their portfolio. Moreover, Roosevelt Investment Gp Inc has 1.03% invested in Prologis, Inc. (NYSE:PLD) for 174,329 shares. 7,650 are held by Brinker. Lederer Invest Counsel Ca reported 6,205 shares. Great West Life Assurance Can owns 683,235 shares for 0.1% of their portfolio. Clearbridge Ltd has invested 0% of its portfolio in Prologis, Inc. (NYSE:PLD). Wealthtrust reported 80 shares. Catalyst Cap Advsrs Limited Liability Company owns 0.01% invested in Prologis, Inc. (NYSE:PLD) for 3,100 shares. Dana Inv Advisors Inc stated it has 227,237 shares or 0.64% of all its holdings. Bbr Ltd Liability reported 4,320 shares. United Kingdom-based Bp Public Ltd has invested 0.14% in Prologis, Inc. (NYSE:PLD). 769,661 are held by Advantus Mngmt Inc. Alps reported 0.02% in Prologis, Inc. (NYSE:PLD). 1.23 million are owned by Balyasny Asset Mngmt Lc.

Resolution Capital Ltd decreased its stake in Prologis Inc (PLD) by 5.34% based on its latest 2017Q4 regulatory filing with the SEC. Resolution Capital Ltd sold 160,141 shares as the company’s stock declined 2.80% with the market. The institutional investor held 2.84 million shares of the consumer services company at the end of 2017Q4, valued at $183.10 million, down from 3.00 million at the end of the previous reported quarter. Resolution Capital Ltd who had been investing in Prologis Inc for a number of months, seems to be less bullish one the $34.54B market cap company. The stock decreased 0.08% or $0.05 during the last trading session, reaching $63.77. About 2.63 million shares traded or 3.50% up from the average. Prologis, Inc. (NYSE:PLD) has risen 24.40% since May 22, 2017 and is uptrending. It has outperformed by 12.85% the S&P500.

Resolution Capital Ltd, which manages about $2.93 billion and $2.24B US Long portfolio, upped its stake in Boston Properties Inc (NYSE:BXP) by 254,092 shares to 505,898 shares, valued at $65.78M in 2017Q4, according to the filing. It also increased its holding in Equity Lifestyle Pptys Inc (NYSE:ELS) by 102,397 shares in the quarter, for a total of 1.21M shares, and has risen its stake in Diamondrock Hospitality Co (NYSE:DRH).

Analysts await Prologis, Inc. (NYSE:PLD) to report earnings on July, 17. They expect $0.71 earnings per share, down 15.48 % or $0.13 from last year’s $0.84 per share. PLD’s profit will be $384.56M for 22.45 P/E if the $0.71 EPS becomes a reality. After $0.80 actual earnings per share reported by Prologis, Inc. for the previous quarter, Wall Street now forecasts -11.25 % negative EPS growth.

Another recent and important Prologis, Inc. (NYSE:PLD) news was published by Bizjournals.com which published an article titled: “SF industrial real estate giant Prologis — already the world’s largest — grows bigger with $8.4 billion purchase” on April 30, 2018.

Prologis, Inc. (NYSE:PLD) Ratings Coverage

Among 12 analysts covering Prologis (NYSE:PLD), 12 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Prologis had 19 analyst reports since December 4, 2017 according to SRatingsIntel. BMO Capital Markets maintained Prologis, Inc. (NYSE:PLD) on Friday, May 18 with “Buy” rating. J.P. Morgan downgraded the stock to “Hold” rating in Friday, December 15 report. Stifel Nicolaus maintained it with “Buy” rating and $7200 target in Tuesday, April 17 report. The company was maintained on Tuesday, December 19 by KeyBanc Capital Markets. The stock of Prologis, Inc. (NYSE:PLD) has “Buy” rating given on Tuesday, March 27 by J.P. Morgan. The firm has “Buy” rating by Citigroup given on Friday, April 6. RBC Capital Markets maintained Prologis, Inc. (NYSE:PLD) rating on Wednesday, April 25. RBC Capital Markets has “Buy” rating and $7100 target. Barclays Capital maintained the shares of PLD in report on Tuesday, January 30 with “Overweight” rating. Robert W. Baird maintained it with “Outperform” rating and $70 target in Wednesday, January 24 report. As per Monday, December 4, the company rating was upgraded by Evercore.

Prologis, Inc. (NYSE:PLD) Ratings Chart

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