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Prologis (NYSE:PLD) Director Jeffrey L. Skelton sold 13,502 shares of the stock on the open market in a transaction dated Friday, May 16th. The stock was sold at an average price of $41.15, for a total value of $555,607.30. Following the completion of the transaction, the director now directly owns 28,977 shares of the company’s stock, valued at approximately $1,192,404. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Prologis (NYSE:PLD) traded down 0.50% on Tuesday, hitting $40.915. The stock had a trading volume of 1,886,581 shares. Prologis has a one year low of $34.60 and a one year high of $45.52. The stock’s 50-day moving average is $40.98 and its 200-day moving average is $39.37. The company has a market cap of $20.445 billion and a P/E ratio of 415.35.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $0.43 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.42 by $0.01. The company had revenue of $434.68 million for the quarter, compared to the consensus estimate of $490.62 million. During the same quarter last year, the company posted $0.40 earnings per share. On average, analysts predict that Prologis will post $1.79 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Stockholders of record on Wednesday, June 11th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend is Monday, June 9th.

A number of analysts have recently weighed in on PLD shares. Analysts at TheStreet downgraded shares of Prologis from a “buy” rating to a “hold” rating in a research note on Friday, May 9th. Separately, analysts at Stifel Nicolaus downgraded shares of Prologis from a “hold” rating to a “sell” rating in a research note on Monday, May 5th. Finally, analysts at Oppenheimer initiated coverage on shares of Prologis in a research note on Monday, May 5th. They set an “outperform” rating and a $45.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. Prologis has an average rating of “Hold” and an average target price of $41.14.

Prologis, Inc (NYSE:PLD) and the general partner of the Prologis, L.

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