Prologis Inc (PLD) Insider Sells $962,507.76 in Stock

Prologis Inc (NYSE:PLD) insider Michael S. Curless sold 14,568 shares of the business’s stock in a transaction that occurred on Thursday, June 7th. The stock was sold at an average price of $66.07, for a total transaction of $962,507.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Michael S. Curless also recently made the following trade(s):

  • On Thursday, June 7th, Michael S. Curless sold 102 shares of Prologis stock. The stock was sold at an average price of $66.07, for a total transaction of $6,739.14.

Shares of NYSE PLD traded up $0.19 during mid-day trading on Thursday, reaching $64.42. 1,938,306 shares of the company’s stock traded hands, compared to its average volume of 2,655,899. Prologis Inc has a 1-year low of $56.59 and a 1-year high of $67.53. The stock has a market capitalization of $34.92 billion, a P/E ratio of 22.93, a P/E/G ratio of 4.41 and a beta of 0.82. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.66 and a quick ratio of 0.66.

Prologis (NYSE:PLD) last released its earnings results on Tuesday, April 17th. The real estate investment trust reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.33. The firm had revenue of $555.90 million for the quarter, compared to analysts’ expectations of $552.42 million. Prologis had a net margin of 67.65% and a return on equity of 9.86%. The company’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.63 earnings per share. equities research analysts anticipate that Prologis Inc will post 3 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Thursday, June 14th will be paid a $0.48 dividend. The ex-dividend date is Wednesday, June 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.98%. Prologis’s dividend payout ratio (DPR) is 68.33%.

Several research analysts recently weighed in on the stock. BMO Capital Markets restated a “buy” rating and issued a $68.00 price objective on shares of Prologis in a research report on Tuesday, April 17th. Royal Bank of Canada set a $71.00 price objective on shares of Prologis and gave the company a “buy” rating in a research report on Wednesday, April 25th. Citigroup restated a “buy” rating on shares of Prologis in a research note on Monday, April 30th. Robert W. Baird set a $73.00 target price on shares of Prologis and gave the company a “buy” rating in a report on Tuesday, April 24th. Finally, Zacks Investment Research raised shares of Prologis from a “hold” rating to a “buy” rating and set a $73.00 price target on the stock in a report on Tuesday, May 15th. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $69.00.

A number of institutional investors and hedge funds have recently made changes to their positions in PLD. Centersquare Investment Management LLC purchased a new stake in Prologis during the 1st quarter valued at $370,841,000. Deutsche Bank AG increased its stake in shares of Prologis by 77.4% in the 4th quarter. Deutsche Bank AG now owns 6,099,545 shares of the real estate investment trust’s stock worth $393,473,000 after acquiring an additional 2,661,525 shares in the last quarter. BlackRock Inc. increased its stake in Prologis by 2.4% during the 1st quarter. BlackRock Inc. now owns 54,695,555 shares of the real estate investment trust’s stock valued at $3,445,272,000 after purchasing an additional 1,307,023 shares in the last quarter. Wells Fargo & Company MN increased its stake in Prologis by 43.7% during the 4th quarter. Wells Fargo & Company MN now owns 3,291,408 shares of the real estate investment trust’s stock valued at $212,329,000 after purchasing an additional 1,000,145 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. increased its stake in Prologis by 577.3% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,150,785 shares of the real estate investment trust’s stock valued at $74,238,000 after purchasing an additional 980,885 shares in the last quarter. 94.26% of the stock is owned by institutional investors and hedge funds.

About Prologis

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of March 31, 2018, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 683 million square feet (63 million square meters) in 19 countries.

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

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