Insider Selling: Prologis Inc (PLD) CEO Sells 15,000 Shares of Stock

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.

A number of large investors have recently made changes to their positions in the stock. Shine Investment Advisory Services Inc. increased its holdings in Prologis by 0.6% during the 2nd quarter. Shine Investment Advisory Services Inc. now owns 8,929 shares of the real estate investment trust’s stock valued at $524,000 after purchasing an additional 52 shares during the period. Creative Planning increased its holdings in Prologis by 3.4% during the 2nd quarter. Creative Planning now owns 2,078 shares of the real estate investment trust’s stock valued at $122,000 after purchasing an additional 69 shares during the period. National Asset Management Inc. increased its holdings in Prologis by 1.5% during the 2nd quarter. National Asset Management Inc. now owns 5,137 shares of the real estate investment trust’s stock valued at $302,000 after purchasing an additional 75 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Prologis by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 39,399 shares of the real estate investment trust’s stock valued at $2,310,000 after purchasing an additional 133 shares during the period. Finally, Miles Capital Inc. increased its holdings in Prologis by 1.5% during the 2nd quarter. Miles Capital Inc. now owns 10,345 shares of the real estate investment trust’s stock valued at $607,000 after purchasing an additional 157 shares during the period. Institutional investors own 95.58% of the company’s stock.

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.

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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)

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