Prologis Inc (NYSE:PLD) saw some unusual options trading on Wednesday. Investors bought 5,091 call options on the stock. This is an increase of approximately 2,113% compared to the typical daily volume of 230 call options.
Shares of Prologis (PLD) opened at $63.22 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.68 and a current ratio of 0.68. The firm has a market capitalization of $33,779.63, a price-to-earnings ratio of 22.55, a P/E/G ratio of 4.77 and a beta of 0.88. Prologis has a 12 month low of $49.44 and a 12 month high of $67.53.
Prologis (NYSE:PLD) last issued its quarterly earnings data on Tuesday, January 23rd. The real estate investment trust reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. The firm had revenue of $550.65 million during the quarter, compared to analysts’ expectations of $533.54 million. Prologis had a return on equity of 9.12% and a net margin of 63.11%. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.63 EPS. analysts anticipate that Prologis will post 2.91 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be paid a dividend of $0.48 per share. This is a boost from Prologis’s previous quarterly dividend of $0.44. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Wednesday, March 14th. Prologis’s dividend payout ratio is 57.52%.
In other Prologis news, CFO Thomas S. Olinger sold 46,200 shares of the company’s stock in a transaction 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 owns 36,325 shares of the company’s stock, valued at approximately $2,409,437.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William D. Zollars sold 4,020 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $60.48, for a total value of $243,129.60. Following the transaction, the director now directly owns 20,225 shares in the company, valued at approximately $1,223,208. The disclosure for this sale can be found here. Insiders sold a total of 65,972 shares of company stock worth $4,323,737 in the last ninety days. 1.31% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Creative Planning lifted its stake in shares of Prologis by 38.2% during the 4th quarter. Creative Planning now owns 4,778 shares of the real estate investment trust’s stock worth $308,000 after purchasing an additional 1,321 shares during the last quarter. AXA lifted its stake in shares of Prologis by 11.8% during the 3rd quarter. AXA now owns 607,941 shares of the real estate investment trust’s stock worth $38,580,000 after purchasing an additional 64,245 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Prologis by 8.0% during 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 purchasing an additional 638,453 shares during the last quarter. Hedeker Wealth LLC lifted its stake in shares of Prologis by 6.9% during the 4th quarter. Hedeker Wealth LLC now owns 29,083 shares of the real estate investment trust’s stock worth $1,876,000 after purchasing an additional 1,875 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Prologis by 1.3% during 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 purchasing an additional 146,077 shares during the last quarter. Hedge funds and other institutional investors own 95.39% of the company’s stock.
A number of equities analysts have recently issued reports on PLD shares. Zacks Investment Research downgraded Prologis from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Barclays reissued an “overweight” rating and set a $72.00 price target on shares of Prologis in a research report on Friday, February 16th. Evercore ISI raised Prologis from an “in-line” rating to an “outperform” rating in a research report on Monday, December 4th. KeyCorp reissued a “buy” rating and set a $72.00 price target on shares of Prologis in a research report on Thursday, December 21st. Finally, BMO Capital Markets set a $68.00 price target on Prologis and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $67.56.
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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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