Prologis Inc (NYSE:PLD) CEO Eugene F. Reilly sold 15,000 shares of Prologis stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $66.61, for a total value of $999,150.00. Following the sale, the chief executive officer now directly owns 63,365 shares of the company’s stock, valued at approximately $4,220,742.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Prologis Inc (NYSE:PLD) traded up $0.10 during midday trading on Thursday, hitting $66.23. The stock had a trading volume of 3,133,544 shares, compared to its average volume of 2,411,131. Prologis Inc has a 12 month low of $48.33 and a 12 month 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 company has a market cap of $35,130.00, a price-to-earnings ratio of 24.08, a PEG ratio of 4.47 and a beta of 0.92.
Prologis (NYSE:PLD) last released its earnings results on Tuesday, October 17th. The real estate investment trust reported $0.67 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.67. Prologis had a return on equity of 9.93% and a net margin of 68.50%. The company had revenue of $531.18 million during the quarter, compared to analyst estimates of $573.68 million. During the same quarter in the previous year, the company posted $0.14 EPS. Prologis’s revenue for the quarter was down 5.2% on a year-over-year basis. sell-side analysts anticipate that Prologis Inc will post 2.8 earnings per share for the current year.
Several equities research analysts have issued reports on PLD shares. Zacks Investment Research raised Prologis from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research note on Monday, September 25th. Stifel Nicolaus reissued a “buy” rating and issued a $65.00 target price on shares of Prologis in a research note on Thursday, September 21st. SunTrust Banks raised Prologis from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Tuesday, September 5th. KeyCorp reissued a “buy” rating and issued a $65.00 target price on shares of Prologis in a research note on Sunday, August 27th. Finally, BTIG Research reissued a “buy” rating and issued a $68.00 target price (up previously from $62.00) on shares of Prologis in a research note on Wednesday, September 27th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Prologis currently has an average rating of “Buy” and a consensus target price of $66.31.
COPYRIGHT VIOLATION NOTICE: “Insider Selling: Prologis Inc (PLD) CEO Sells 15,000 Shares of Stock” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another domain, it was illegally copied and reposted in violation of U.S. and international copyright law. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/11/30/insider-selling-prologis-inc-pld-ceo-sells-15000-shares-of-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.
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.