Insider Selling: Eugene Reilly Sells 8,737 Shares of Prologis Stock (PLD)
Prologis (NYSE:PLD) CEO Eugene Reilly sold 8,737 shares of the stock on the open market in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $40.85, for a total value of $356,906.45. Following the sale, the chief executive officer now directly owns 169,350 shares of the company’s stock, valued at approximately $6,917,948. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Prologis (NYSE:PLD) traded down 0.81% on Monday, hitting $40.59. The stock had a trading volume of 2,665,341 shares. Prologis has a 52 week low of $32.31 and a 52 week high of $45.52. The stock has a 50-day moving average of $36.88 and a 200-day moving average of $39.24. The company has a market cap of $20.213 billion and a price-to-earnings ratio of 705.52.
Prologis (NYSE:PLD) last announced its earnings results on Wednesday, October 23rd. The company reported ($0.02) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.41 by $0.43. The company had revenue of $430.19 million for the quarter, compared to the consensus estimate of $499.46 million. During the same quarter in the prior year, the company posted $0.49 earnings per share. Analysts expect that Prologis will post $1.65 EPS for the current fiscal year.
A number of analysts have recently weighed in on PLD shares. Analysts at Barclays raised their price target on shares of Prologis from $41.00 to $45.00 in a research note to investors on Tuesday, October 22nd. They now have an “overweight” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Prologis in a research note to investors on Tuesday, September 24th. They now have a $40.00 price target on the stock. Finally, analysts at Stifel Nicolaus downgraded shares of Prologis from a “buy” rating to a “hold” rating in a research note to investors on Monday, September 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $39.22.
Prologis, Inc (NYSE:PLD) is a real estate investment trust (REIT) and the general partner of the Prologis, L.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.