Prologis Inc (NYSE:PLD) CFO Thomas S. Olinger sold 46,200 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $66.33, for a total value of $3,064,446.00. Following the transaction, the chief financial officer now directly owns 36,325 shares in the company, valued at $2,409,437.25. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Prologis Inc (NYSE:PLD) traded up $0.20 during mid-day trading on Friday, hitting $61.85. The stock had a trading volume of 2,441,904 shares, compared to its average volume of 1,932,549. The company has a market capitalization of $32,802.86, a price-to-earnings ratio of 18.57, a PEG ratio of 3.95 and a beta of 0.92. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.53. Prologis Inc has a 52 week low of $48.33 and a 52 week high of $67.53.
Prologis (NYSE:PLD) last released its earnings results on Tuesday, October 17th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.67. The company had revenue of $531.18 million during the quarter, compared to analyst estimates of $573.68 million. Prologis had a return on equity of 9.93% and a net margin of 68.50%. Prologis’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 earnings per share. equities research analysts anticipate that Prologis Inc will post 2.8 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Monday, December 18th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend was Friday, December 15th. Prologis’s dividend payout ratio is presently 52.85%.
Hedge funds have recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its stake in Prologis by 40.7% in the second quarter. IFP Advisors Inc now owns 3,164 shares of the real estate investment trust’s stock valued at $186,000 after purchasing an additional 915 shares during the last quarter. Blair William & Co. IL purchased a new position in Prologis in the second quarter valued at approximately $239,000. William Blair Investment Management LLC lifted its stake in Prologis by 64.2% in the second quarter. William Blair Investment Management LLC now owns 290,487 shares of the real estate investment trust’s stock valued at $17,034,000 after purchasing an additional 113,528 shares during the last quarter. Boston Private Wealth LLC lifted its stake in Prologis by 15.4% in the second quarter. Boston Private Wealth LLC now owns 37,225 shares of the real estate investment trust’s stock valued at $2,183,000 after purchasing an additional 4,973 shares during the last quarter. Finally, Federated Investors Inc. PA lifted its stake in Prologis by 27.7% in the second quarter. Federated Investors Inc. PA now owns 29,610 shares of the real estate investment trust’s stock valued at $1,736,000 after purchasing an additional 6,429 shares during the last quarter. 95.36% of the stock is owned by institutional investors.
A number of analysts have commented on PLD shares. Zacks Investment Research lowered Prologis from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Evercore ISI raised Prologis from an “in-line” rating to an “outperform” rating in a report on Monday, December 4th. Bank of America set a $72.00 price objective on Prologis and gave the stock a “buy” rating in a report on Wednesday, October 25th. JPMorgan Chase & Co. lowered Prologis from an “overweight” rating to a “neutral” rating and set a $66.00 price objective for the company. in a report on Friday, December 15th. Finally, Wells Fargo & Co set a $65.00 price objective on Prologis and gave the stock a “hold” rating in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Prologis presently has an average rating of “Buy” and a consensus target price of $66.57.
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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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