Eugene F. Reilly Sells 18,000 Shares of Prologis Inc (PLD) Stock

Prologis Inc (NYSE:PLD) CEO Eugene F. Reilly sold 18,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $66.55, for a total transaction of $1,197,900.00. Following the completion of the transaction, the chief executive officer now owns 63,365 shares in the company, valued at $4,216,940.75. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of Prologis Inc (NYSE PLD) traded up $0.10 during trading hours on Thursday, hitting $66.23. 3,133,544 shares of the company’s stock were exchanged, compared to its average volume of 2,411,131. Prologis Inc has a 52 week low of $48.33 and a 52 week high of $67.53. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market cap of $35,130.00, a P/E ratio of 24.08, a PEG ratio of 4.47 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 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.67. Prologis had a net margin of 68.50% and a return on equity of 9.93%. The company had revenue of $531.18 million for the quarter, compared to the consensus estimate of $573.68 million. During the same period in the prior year, the firm posted $0.14 EPS. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. research analysts expect that Prologis Inc will post 2.8 earnings per share for the current fiscal year.

PLD has been the topic of several recent analyst reports. SunTrust Banks upgraded shares of Prologis from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a report on Tuesday, September 5th. KeyCorp restated a “buy” rating and issued a $65.00 price objective on shares of Prologis in a report on Sunday, August 27th. Bank of America set a $72.00 price objective on shares of Prologis and gave the stock a “buy” rating in a report on Wednesday, October 25th. BMO Capital Markets initiated coverage on shares of Prologis in a research note on Monday, September 11th. They set an “outperform” rating and a $69.00 target price on the stock. Finally, Zacks Investment Research raised shares of Prologis from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research note on Monday, September 25th. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $66.31.

Large investors have recently made changes to their positions in the business. Shelton Capital Management purchased a new position in shares of Prologis in the 3rd quarter valued at $458,000. Public Employees Retirement System of Ohio grew its position in shares of Prologis by 1.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 829,053 shares of the real estate investment trust’s stock valued at $52,612,000 after buying an additional 12,639 shares during the last quarter. Archford Capital Strategies LLC purchased a new position in shares of Prologis in the 3rd quarter valued at $497,000. Neuberger Berman Group LLC grew its position in shares of Prologis by 3.2% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,882,047 shares of the real estate investment trust’s stock valued at $119,435,000 after buying an additional 58,790 shares during the last quarter. Finally, Piedmont Investment Advisors LLC grew its position in shares of Prologis by 112.4% in the 3rd quarter. Piedmont Investment Advisors LLC now owns 125,288 shares of the real estate investment trust’s stock valued at $7,951,000 after buying an additional 66,290 shares during the last quarter. 95.58% of the stock is currently owned by institutional investors.

WARNING: This piece was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece on another site, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/11/30/eugene-f-reilly-sells-18000-shares-of-prologis-inc-pld-stock.html.

Prologis Company Profile

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.

Insider Buying and Selling by Quarter for Prologis (NYSE:PLD)

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.

Leave a Reply