Welch Group Has Lifted Its Servisfirst Bancshares (SFBS) Stake; Adelante Capital Management Trimmed Prologis (PLD) Stake

May 23, 2018 - By Richard Conner

Prologis, Inc. (NYSE:PLD) Logo

Adelante Capital Management Llc decreased Prologis Inc. (PLD) stake by 3.26% reported in 2017Q4 SEC filing. Adelante Capital Management Llc sold 50,491 shares as Prologis Inc. (PLD)’s stock declined 2.80%. The Adelante Capital Management Llc holds 1.50M shares with $96.56M value, down from 1.55M last quarter. Prologis Inc. now has $34.60B valuation. The stock increased 0.17% or $0.11 during the last trading session, reaching $63.88. About 46,959 shares traded. Prologis, Inc. (NYSE:PLD) has risen 24.40% since May 23, 2017 and is uptrending. It has outperformed by 12.85% the S&P500.

Welch Group Llc increased Servisfirst Bancshares (SFBS) stake by 54.43% reported in 2017Q4 SEC filing. Welch Group Llc acquired 81,041 shares as Servisfirst Bancshares (SFBS)’s stock declined 2.37%. The Welch Group Llc holds 229,943 shares with $9.54 million value, up from 148,902 last quarter. Servisfirst Bancshares now has $2.32B valuation. The stock decreased 0.02% or $0.01 during the last trading session, reaching $43.66. About 2,508 shares traded. ServisFirst Bancshares, Inc. (NASDAQ:SFBS) has risen 15.16% since May 23, 2017 and is uptrending. It has outperformed by 3.61% the S&P500.

Analysts await Prologis, Inc. (NYSE:PLD) to report earnings on July, 17. They expect $0.71 EPS, down 15.48% or $0.13 from last year’s $0.84 per share. PLD’s profit will be $384.56 million for 22.49 P/E if the $0.71 EPS becomes a reality. After $0.80 actual EPS reported by Prologis, Inc. for the previous quarter, Wall Street now forecasts -11.25% negative EPS growth.

Adelante Capital Management Llc increased Corporate Office Properties (NYSE:OFC) stake by 952,337 shares to 2.03 million valued at $59.35M in 2017Q4. It also upped Welltower Inc. stake by 35,660 shares and now owns 1.59 million shares. Kimco Realty Corp. (NYSE:KIM) was raised too.

Investors sentiment increased to 1.22 in Q4 2017. Its up 0.06, from 1.16 in 2017Q3. It improved, 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. 1.28 million were accumulated by California Pub Employees Retirement Systems. Covington Inv Advsrs holds 23,925 shares or 0.53% of its portfolio. Resolution Cap Limited, a Australia-based fund reported 2.84M shares. Lpl Fincl Limited Liability Company stated it has 18,205 shares or 0% of all its holdings. Guardian Life Ins Co Of America has invested 0.02% in Prologis, Inc. (NYSE:PLD). Norinchukin State Bank The stated it has 42,542 shares or 0.05% of all its holdings. State Board Of Administration Of Florida Retirement System invested in 774,174 shares. Moreover, Huntington Comml Bank has 0% invested in Prologis, Inc. (NYSE:PLD) for 131 shares. Quantres Asset reported 14,400 shares. Wesbanco Bancorporation accumulated 15,831 shares. First Tru Advisors Limited Partnership has 244,762 shares for 0.04% of their portfolio. Creative Planning holds 0% or 4,778 shares in its portfolio. Apg Asset Nv has 0.28% invested in Prologis, Inc. (NYSE:PLD). Liberty Cap holds 0.02% or 471 shares in its portfolio. Convergence Prtn Ltd Co has invested 0.21% of its portfolio in Prologis, Inc. (NYSE:PLD).

Among 26 analysts covering Prologis (NYSE:PLD), 18 have Buy rating, 1 Sell and 7 Hold. Therefore 69% are positive. Prologis had 77 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Buy” rating by Stifel Nicolaus on Tuesday, October 17. Cowen & Co upgraded Prologis, Inc. (NYSE:PLD) on Thursday, July 23 to “Outperform” rating. The rating was upgraded by J.P. Morgan to “Buy” on Tuesday, March 27. The firm has “Buy” rating given on Wednesday, April 12 by BTIG Research. The company was maintained on Tuesday, January 23 by Cantor Fitzgerald. The stock has “Neutral” rating by Citigroup on Thursday, October 19. The stock of Prologis, Inc. (NYSE:PLD) has “Hold” rating given on Friday, June 23 by Jefferies. Jefferies maintained the stock with “Hold” rating in Monday, October 30 report. Goldman Sachs downgraded Prologis, Inc. (NYSE:PLD) on Monday, December 14 to “Sell” rating. The rating was maintained by BMO Capital Markets with “Buy” on Tuesday, January 9.

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.

Among 4 analysts covering ServisFirst Bancshares (NASDAQ:SFBS), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. ServisFirst Bancshares had 13 analyst reports since August 25, 2015 according to SRatingsIntel. Hovde Group maintained the shares of SFBS in report on Tuesday, January 23 with “Hold” rating. The stock of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) earned “Hold” rating by Sandler O’Neill on Thursday, October 1. The company was maintained on Wednesday, July 19 by Stephens. The firm earned “Market Perform” rating on Tuesday, October 18 by Hovde Group. The rating was maintained by Hovde Group on Tuesday, January 31 with “Underperform”. Raymond James downgraded the shares of SFBS in report on Monday, October 5 to “Outperform” rating. The firm earned “Hold” rating on Tuesday, January 23 by Sandler O’Neill. Raymond James downgraded the shares of SFBS in report on Tuesday, October 18 to “Market Perform” rating. The firm has “Market Perform” rating given on Tuesday, October 13 by Hovde Group. Hovde Group downgraded the stock to “Underperform” rating in Friday, November 18 report.

Prologis, Inc. (NYSE:PLD) Ratings Chart

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