Prologis Inc (NYSE:PLD).
Lasalle Investment Management Securities LLC reports that it lowered its investment in Prologis Inc shares by 37.5% in its quarterly SEC filing. Its stake stood at $133,755,000 a decrease of $63,915,000 as of the end of the quarter.
Lasalle Investment Management Securities LLC isn’t the only one who has changed their investment in PLD. Tredje Ap-fonden cut its stake by selling 3,871 shares a decrease of 8.4% as of 09/30/2017. Tredje Ap-fonden currently owns 42,418 shares with a value of $2,692,000. The total value of its holdings decreased 1.6%. Lasalle Investment Management Securities LLC trimmed its position by shedding 1,263,203 shares a decrease of 37.5%. Lasalle Investment Management Securities LLC now holds 2,107,701 shares worth $133,755,000. The value of the position overall is down by 32.3%.
As of the end of the quarter Lasalle Investment Management Securities LLC had disposed of 1,263,203 shares trimming its position 37.5%. The value of the investment in (PLD) decreased from $197,670,000 to $133,755,000 decreasing 32.3% for the reporting period. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS augmented its ownership by buying 3,856 shares an increase of 9.8% from 06/30/2017 to 09/30/2017. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS owns 43,255 shares valued at $2,745,000. The total value of its holdings increased 18.8%.
Raymond James & Associates added to its holdings by buying 21,975 shares an increase of 5.2% in the quarter. Raymond James & Associates now controls 441,248 shares worth $28,002,000. The total value of its holdings increased 13.9%.
Equity analyst Wells Fargo & Company released research on PLD with a rating of “Hold” and a price target of $65.00. On October 25 analysts at Bank of America Corporation issued a report on PLD stating a rating of “Buy” and establishing a price target of $72.00.
Equity analyst Citigroup raised the price target on October 19 changing the price objective from $63.00 to $66.00 with a rating of “Neutral”. BMO Capital Markets updated guidance on PLD and giving a rating of “Buy” and projecting a price target of $69.00.
KeyCorp raised the price target on October 16 changing the forecast from $65.00 to $68.00 and stated a “Buy” rating. October 12 investment analysts at SunTrust Banks kept the company rating at “Buy” projecting a price of $68.00.
The company is so far trading down from yesterday’s close of 67.19. The P/E ratio is 19.90 and market cap is 35.21B. As of the last earnings report the EPS was $3.33 with 532.08M shares currently outstanding.
Investors are a little more bearish lately at least if you consider the increase in short interest. The stock had a rise in short interest from September 29, 2017 to October 13, 2017 of 1.42%. Short shares grew from 7,537,018 to 7,644,215 over that timeframe. Days to cover increased 2.0 to 5.0 and the percentage of shorted shares is 0.01% as of October 13.