Cbre Clarion Securities LLC Has Decreased Its Prologis INC (PLD) Stake as Share Value Declined

April 21, 2018 - By Marry Poplack

Prologis, Inc. (NYSE:PLD) LogoInvestors sentiment increased to 1.22 in Q4 2017. 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. Sumitomo Mitsui Trust Holding Inc reported 0.16% in Prologis, Inc. (NYSE:PLD). Presima invested in 1.32M shares or 10.93% of the stock. Cibc Ww Mkts Corp has 107,610 shares for 0.05% of their portfolio. The Ohio-based Meeder Asset Mngmt has invested 0.4% in Prologis, Inc. (NYSE:PLD). Ascend Cap Ltd Liability Com invested in 0.02% or 7,661 shares. Tiaa Cref Mgmt Ltd Liability Corporation has 0.11% invested in Prologis, Inc. (NYSE:PLD). Timber Hill Ltd Company has 17,312 shares for 0.07% of their portfolio. Waterfront Prtnrs Ltd Liability reported 264,931 shares. Caisse De Depot Et Placement Du Quebec holds 113,546 shares or 0.02% of its portfolio. Wells Fargo Mn holds 0.06% or 3.29 million shares. 404,237 were reported by Eagle Asset. Greenleaf Trust owns 529 shares. Ontario Teachers Pension Plan Board holds 0.12% or 153,557 shares in its portfolio. Artemis Inv Mgmt Llp stated it has 243,636 shares or 0.26% of all its holdings. Daiwa Secs Grp Inc Incorporated Inc stated it has 4.69M shares.

Cbre Clarion Securities Llc decreased its stake in Prologis Inc. (PLD) by 5.36% based on its latest 2017Q4 regulatory filing with the SEC. Cbre Clarion Securities Llc sold 457,586 shares as the company’s stock declined 2.80% with the market. The institutional investor held 8.09 million shares of the consumer services company at the end of 2017Q4, valued at $521.63M, down from 8.54 million at the end of the previous reported quarter. Cbre Clarion Securities Llc who had been investing in Prologis Inc. for a number of months, seems to be less bullish one the $35.08 billion market cap company. The stock decreased 0.37% or $0.24 during the last trading session, reaching $64.99. About 2.39M shares traded. Prologis, Inc. (NYSE:PLD) has risen 24.40% since April 21, 2017 and is uptrending. It has outperformed by 12.85% the S&P500.

Cbre Clarion Securities Llc, which manages about $22.77B and $8.72B US Long portfolio, upped its stake in Hilton Worldwide Holdings Inc. by 511,991 shares to 1.46 million shares, valued at $116.65 million in 2017Q4, according to the filing. It also increased its holding in Hudson Pacific Properties (NYSE:HPP) by 102,114 shares in the quarter, for a total of 6.12 million shares, and has risen its stake in Rlj Lodging Trust (NYSE:RLJ).

Prologis, Inc. (NYSE:PLD) Ratings Coverage

Among 14 analysts covering Prologis (NYSE:PLD), 13 have Buy rating, 0 Sell and 1 Hold. Therefore 93% are positive. Prologis had 20 analyst reports since October 25, 2017 according to SRatingsIntel. The rating was upgraded by JP Morgan on Tuesday, March 27 to “Overweight”. Barclays Capital maintained the stock with “Overweight” rating in Tuesday, January 30 report. The stock has “Buy” rating by J.P. Morgan on Tuesday, March 27. On Tuesday, April 17 the stock rating was maintained by Stifel Nicolaus with “Buy”. As per Tuesday, January 23, the company rating was maintained by BMO Capital Markets. The rating was maintained by Jefferies with “Hold” on Monday, October 30. Jefferies maintained Prologis, Inc. (NYSE:PLD) on Tuesday, January 23 with “Hold” rating. The stock has “Outperform” rating by Evercore on Monday, December 4. Robert W. Baird maintained Prologis, Inc. (NYSE:PLD) on Wednesday, January 24 with “Outperform” rating. Robert W. Baird maintained it with “Buy” rating and $68.0 target in Monday, January 8 report.

Prologis, Inc. (NYSE:PLD) Ratings Chart

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