Prologis Inc (NYSE:PLD) insider Lori A. Palazzolo sold 4,900 shares of Prologis stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $65.89, for a total transaction of $322,861.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Prologis Inc (NYSE PLD) traded up $0.20 during trading on Friday, reaching $61.85. 2,440,000 shares of the company were exchanged, compared to its average volume of 2,060,000. 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 12 month low of $48.33 and a 12 month high of $67.53. The company has a market capitalization of $32,910.00, a P/E ratio of 18.57, a price-to-earnings-growth ratio of 3.99 and a beta of 0.92.
Prologis (NYSE:PLD) last announced its quarterly earnings data on Tuesday, October 17th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.67. The firm had revenue of $531.18 million during the quarter, compared to analysts’ expectations of $573.68 million. Prologis had a net margin of 68.50% and a return on equity of 9.93%. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.14 earnings per share. equities research analysts predict that Prologis Inc will post 2.8 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Monday, December 18th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, December 15th. This represents a $1.76 annualized dividend and a yield of 2.85%. Prologis’s payout ratio is 52.85%.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Prologis by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 76,905,109 shares of the real estate investment trust’s stock worth $4,509,716,000 after buying an additional 249,341 shares in the last quarter. BlackRock Inc. grew its stake in shares of Prologis by 1.3% in the 2nd quarter. BlackRock Inc. now owns 51,529,145 shares of the real estate investment trust’s stock worth $3,021,668,000 after buying an additional 673,429 shares in the last quarter. APG Asset Management US Inc. grew its stake in shares of Prologis by 8.0% in the 3rd quarter. APG Asset Management US Inc. now owns 17,942,319 shares of the real estate investment trust’s stock worth $1,138,620,000 after buying an additional 1,330,850 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Prologis by 4.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,786,598 shares of the real estate investment trust’s stock worth $749,039,000 after buying an additional 463,559 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Prologis by 1.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 11,107,980 shares of the real estate investment trust’s stock worth $704,913,000 after buying an additional 146,077 shares in the last quarter. 95.36% of the stock is owned by institutional investors.
A number of equities research analysts recently commented on PLD shares. KeyCorp lifted their price target on shares of Prologis from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Monday, October 16th. Zacks Investment Research lowered shares of Prologis from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Evercore ISI upgraded shares of Prologis from an “in-line” rating to an “outperform” rating in a research note on Monday, December 4th. JPMorgan Chase & Co. lowered shares of Prologis from an “overweight” rating to a “neutral” rating and set a $66.00 price objective for the company. in a research note on Friday, December 15th. Finally, Bank of America set a $72.00 price objective on shares of Prologis and gave the company a “buy” rating in a research note on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. 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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