Prologis Inc (NYSE:PLD) CEO Eugene F. Reilly sold 70,000 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $50.72, for a total transaction 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 approximately $7,640,968. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Prologis Inc (NYSE:PLD) opened at 53.58 on Monday. The firm’s 50-day moving average is $50.30 and its 200-day moving average is $51.17. The company has a market cap of $28.36 billion, a price-to-earnings ratio of 23.61 and a beta of 1.05. Prologis Inc has a 52 week low of $43.45 and a 52 week high of $54.87.
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, topping the 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 earned $620 million during the quarter, compared to analysts’ expectations of $221.07 million. During the same period last year, the business posted $0.64 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. Equities research analysts predict that Prologis Inc will post ($0.27) earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 3.28%. This is a boost from Prologis’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, March 13th. Prologis’s dividend payout ratio (DPR) is presently 74.67%.
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A number of research analysts recently issued reports on PLD shares. Barclays PLC boosted their target price on shares of Prologis from $54.00 to $56.00 and gave the company an “overweight” rating in a research report on Wednesday, February 8th. Jefferies Group LLC reiterated a “hold” rating and set a $52.00 target price on shares of Prologis in a research report on Tuesday, February 14th. Finally, Zacks Investment Research upgraded shares of Prologis from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Wednesday, December 21st. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $53.76.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Creative Planning raised its stake in Prologis by 13.2% in the first quarter. Creative Planning now owns 2,009 shares of the company’s stock valued at $104,000 after buying an additional 234 shares during the period. Chevy Chase Trust Holdings Inc. raised its stake in Prologis by 3.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 456,324 shares of the company’s stock valued at $23,674,000 after buying an additional 14,610 shares during the period. Foundry Partners LLC raised its stake in Prologis by 45.7% in the first quarter. Foundry Partners LLC now owns 134,100 shares of the company’s stock valued at $6,957,000 after buying an additional 42,050 shares during the period. Pensionfund Sabic raised its stake in Prologis by 10.0% in the first quarter. Pensionfund Sabic now owns 33,000 shares of the company’s stock valued at $1,712,000 after buying an additional 3,000 shares during the period. Finally, Macquarie Group Ltd. raised its stake in Prologis by 34.2% in the fourth quarter. Macquarie Group Ltd. now owns 1,101,770 shares of the company’s stock valued at $58,162,000 after buying an additional 280,839 shares during the period.
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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