Prologis Inc (NYSE:PLD) CEO Eugene F. Reilly sold 70,000 shares of Prologis stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $50.72, for a total value of $3,550,400.00. Following the completion of the transaction, the chief executive officer now owns 150,650 shares in the company, valued at $7,640,968. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Prologis Inc (NYSE:PLD) traded up 1.04% during trading on Monday, reaching $51.51. The company had a trading volume of 2,634,930 shares. The stock’s 50-day moving average price is $50.02 and its 200-day moving average price is $51.25. Prologis Inc has a 12 month low of $41.67 and a 12 month high of $54.87. The stock has a market capitalization of $27.27 billion, a PE ratio of 22.70 and a beta of 1.05.
Prologis (NYSE:PLD) last announced its quarterly earnings data on Tuesday, January 24th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.00. Prologis had a return on equity of 6.62% and a net margin of 47.76%. The firm had revenue of $620 million for the quarter, compared to analysts’ expectations of $221.07 million. During the same quarter in the prior year, the firm posted $0.64 earnings per share. Prologis’s revenue for the quarter was down .1% compared to the same quarter last year. Equities analysts forecast that Prologis Inc will post ($0.27) earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Monday, March 13th. This represents a $1.76 annualized dividend and a yield of 3.42%. This is a boost from Prologis’s previous quarterly dividend of $0.42. Prologis’s dividend payout ratio is presently 74.67%.
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Several research analysts have weighed in on PLD shares. Zacks Investment Research upgraded Prologis from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research note on Monday, December 12th. Jefferies Group LLC reiterated a “hold” rating and issued a $52.00 target price on shares of Prologis in a research note on Tuesday, February 14th. Robert W. Baird upgraded Prologis from a “neutral” rating to an “outperform” rating and set a $55.00 target price on the stock in a research note on Monday, November 28th. Finally, Barclays PLC lifted their target price on Prologis from $54.00 to $56.00 and gave the company an “overweight” rating in a research note on Wednesday, February 8th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $53.76.
Several institutional investors have recently bought and sold shares of PLD. Evercore Wealth Management LLC raised its position in Prologis by 7.6% in the second quarter. Evercore Wealth Management LLC now owns 2,065 shares of the company’s stock valued at $101,000 after buying an additional 145 shares during the period. Solaris Asset Management LLC bought a new position in Prologis during the third quarter valued at approximately $131,000. Bridgewater Wealth & Financial Management LLC bought a new position in Prologis during the third quarter valued at approximately $210,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in Prologis during the fourth quarter valued at approximately $215,000. Finally, HighPoint Advisor Group LLC bought a new position in Prologis during the third quarter valued at approximately $205,000.
Prologis Company Profile
Prologis, Inc is a real estate investment trust (REIT) company. The Company is engaged in logistics real estate business. The Company’s segments include Real Estate Operations and Strategic Capital. The Real estate operations segment consists of rental operations and development. The Company’s strategic capital segment includes asset management services, as well as services performed for unconsolidated co-investment ventures.
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