Prologis Inc (NYSE:PLD) insider Lori A. Palazzolo sold 4,900 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $65.89, for a total value of $322,861.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Prologis Inc (NYSE PLD) traded up $0.21 during mid-day trading on Thursday, hitting $61.65. 2,161,628 shares of the stock traded hands, compared to its average volume of 2,216,188. The stock has a market cap of $32,660.00, a price-to-earnings ratio of 18.51, a P/E/G ratio of 3.99 and a beta of 0.92. Prologis Inc has a twelve month low of $48.33 and a twelve month high of $67.53. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.80 and a current ratio of 0.80.
Prologis (NYSE:PLD) last issued its quarterly earnings results on Tuesday, October 17th. The real estate investment trust reported $0.67 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.67. The firm had revenue of $531.18 million for the quarter, compared to analyst estimates of $573.68 million. Prologis had a net margin of 68.50% and a return on equity of 9.93%. Prologis’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period last year, the company posted $0.14 EPS. research analysts expect that Prologis Inc will post 2.8 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Monday, December 18th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend was Friday, December 15th. Prologis’s dividend payout ratio is presently 52.85%.
Several brokerages have weighed in on PLD. Evercore ISI raised Prologis from an “in-line” rating to an “outperform” rating in a research report on Monday, December 4th. JPMorgan Chase & Co. lowered shares of Prologis from an “overweight” rating to a “neutral” rating and set a $66.00 target price on the stock. in a research note on Friday, December 15th. Citigroup increased their target price on shares of Prologis from $63.00 to $66.00 and gave the stock a “neutral” rating in a research note on Thursday, October 19th. KeyCorp increased their target price on shares of Prologis from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Monday, October 16th. Finally, BMO Capital Markets set a $69.00 target price on shares of Prologis and gave the stock a “buy” rating in a research note on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $66.57.
A number of institutional investors have recently modified their holdings of the stock. National Asset Management Inc. lifted its stake in Prologis by 1.5% in the 2nd quarter. National Asset Management Inc. now owns 5,137 shares of the real estate investment trust’s stock valued at $302,000 after buying an additional 75 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Prologis by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 39,399 shares of the real estate investment trust’s stock valued at $2,310,000 after buying an additional 133 shares in the last quarter. Miles Capital Inc. lifted its stake in Prologis by 1.5% in the 2nd quarter. Miles Capital Inc. now owns 10,345 shares of the real estate investment trust’s stock valued at $607,000 after buying an additional 157 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in Prologis by 0.5% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 38,263 shares of the real estate investment trust’s stock valued at $2,244,000 after buying an additional 192 shares in the last quarter. Finally, Graybill Bartz & Assoc Ltd. lifted its stake in Prologis by 0.4% in the 2nd quarter. Graybill Bartz & Assoc Ltd. now owns 50,029 shares of the real estate investment trust’s stock valued at $2,934,000 after buying an additional 199 shares in the last quarter. 95.36% of the stock is currently owned by hedge funds and other institutional investors.
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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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