Prologis Inc. (PLD) Set to Announce Quarterly Earnings on Thursday
Prologis Inc. (NYSE:PLD) will be posting its Q316 quarterly earnings results on Thursday, October 20th.
Shares of Prologis Inc. (NYSE:PLD) opened at 52.07 on Wednesday. Prologis Inc. has a one year low of $35.25 and a one year high of $54.87. The company has a market cap of $27.44 billion, a price-to-earnings ratio of 31.79 and a beta of 1.30. The company has a 50 day moving average price of $52.34 and a 200 day moving average price of $50.00.
The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Monday, September 19th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Thursday, September 15th. This represents a $1.68 annualized dividend and a yield of 3.23%. Prologis’s dividend payout ratio (DPR) is presently 103.07%.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/19/prologis-inc-pld-set-to-announce-quarterly-earnings-on-thursday.html
In other news, CEO Hamid R. Moghadam sold 446,991 shares of the business’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $54.35, for a total value of $24,293,960.85. Following the completion of the sale, the chief executive officer now directly owns 446,991 shares in the company, valued at $24,293,960.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gary E. Anderson sold 33,043 shares of the business’s stock in a transaction on Friday, August 12th. The stock was sold at an average price of $54.28, for a total transaction of $1,793,574.04. The disclosure for this sale can be found here. 1.29% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the company. BBR Partners LLC purchased a new stake in shares of Prologis during the second quarter worth $211,000. Advisor Partners LLC purchased a new stake in shares of Prologis during the second quarter worth $251,000. First Allied Advisory Services Inc. boosted its stake in shares of Prologis by 6.7% in the second quarter. First Allied Advisory Services Inc. now owns 7,405 shares of the company’s stock worth $358,000 after buying an additional 464 shares during the last quarter. Johnson Investment Counsel Inc. boosted its stake in shares of Prologis by 1.5% in the second quarter. Johnson Investment Counsel Inc. now owns 7,809 shares of the company’s stock worth $382,000 after buying an additional 113 shares during the last quarter. Finally, Gideon Capital Advisors Inc. purchased a new stake in shares of Prologis during the second quarter worth $388,000. Institutional investors and hedge funds own 99.83% of the company’s stock.
PLD has been the subject of several analyst reports. Evercore ISI upgraded Prologis from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Tuesday. Deutsche Bank AG lowered Prologis from a “buy” rating to a “hold” rating and increased their price objective for the company from $48.00 to $50.00 in a report on Tuesday, June 21st. RBC Capital Markets reiterated an “outperform” rating and set a $55.00 price objective (up previously from $48.00) on shares of Prologis in a report on Tuesday, July 26th. Barclays PLC increased their price objective on Prologis from $58.00 to $59.00 and gave the company an “overweight” rating in a report on Tuesday, July 26th. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $55.00 price objective on shares of Prologis in a report on Wednesday, July 20th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have given a buy rating to the company’s stock. Prologis currently has a consensus rating of “Hold” and an average target price of $50.86.
Prologis Company Profile
Prologis, Inc is engaged in logistics real estate business, focused on markets across the Americas, Europe and Asia. The Company owns or has investments in, on a basis or through co-investment ventures, properties and development projects in over 20 countries. Its segments include Real Estate Operations and Strategic Capital.
Receive News & Ratings for Prologis Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prologis Inc. and related companies with MarketBeat.com's FREE daily email newsletter.