Prologis Inc (PLD) Insider Sells $903,917.85 in Stock

Prologis Inc (NYSE:PLD) insider Michael S. Curless sold 14,465 shares of the company’s stock in a transaction dated Wednesday, March 28th. The stock was sold at an average price of $62.49, for a total value of $903,917.85. Following the sale, the insider now owns 102 shares of the company’s stock, valued at approximately $6,373.98. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Shares of NYSE:PLD opened at $62.99 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.51. Prologis Inc has a twelve month low of $49.95 and a twelve month high of $67.53. The company has a market cap of $33,577.07, a P/E ratio of 22.42, a price-to-earnings-growth ratio of 4.74 and a beta of 0.88.

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Prologis (NYSE:PLD) last announced its quarterly earnings data on Tuesday, January 23rd. The real estate investment trust reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.01. Prologis had a return on equity of 9.12% and a net margin of 63.11%. The company had revenue of $550.65 million during the quarter, compared to the consensus estimate of $533.54 million. During the same quarter last year, the company earned $0.63 EPS. The company’s quarterly revenue was down 1.6% on a year-over-year basis. equities research analysts forecast that Prologis Inc will post 2.91 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th were given a $0.48 dividend. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.05%. This is an increase from Prologis’s previous quarterly dividend of $0.44. Prologis’s dividend payout ratio (DPR) is currently 68.33%.

Hedge funds have recently made changes to their positions in the business. Creative Planning lifted its position in shares of Prologis by 38.2% in the 4th quarter. Creative Planning now owns 4,778 shares of the real estate investment trust’s stock worth $308,000 after acquiring an additional 1,321 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Prologis by 8.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 8,652,177 shares of the real estate investment trust’s stock worth $558,151,000 after acquiring an additional 638,453 shares during the period. AXA lifted its position in shares of Prologis by 11.8% in the 3rd quarter. AXA now owns 607,941 shares of the real estate investment trust’s stock worth $38,580,000 after acquiring an additional 64,245 shares during the period. Hedeker Wealth LLC lifted its position in shares of Prologis by 6.9% in the 4th quarter. Hedeker Wealth LLC now owns 29,083 shares of the real estate investment trust’s stock worth $1,876,000 after acquiring an additional 1,875 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Prologis by 56.9% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 113,546 shares of the real estate investment trust’s stock worth $7,325,000 after acquiring an additional 41,200 shares during the period. Institutional investors own 95.39% of the company’s stock.

Several research firms have recently issued reports on PLD. Evercore ISI upgraded Prologis from an “in-line” rating to an “outperform” rating in a research note on Monday, December 4th. JPMorgan Chase downgraded Prologis from an “overweight” rating to a “neutral” rating and set a $66.00 price target for the company. in a research note on Friday, December 15th. Jefferies Group restated a “neutral” rating on shares of Prologis in a research note on Wednesday, January 24th. Robert W. Baird increased their target price on Prologis from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Finally, Zacks Investment Research downgraded Prologis from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Prologis has an average rating of “Buy” and an average target price of $67.56.

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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.

Insider Buying and Selling by Quarter for Prologis (NYSE:PLD)

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