Stock Traders Buy Large Volume of Call Options on Prologis (PLD)
Prologis Inc (NYSE:PLD) was the target of some unusual options trading on Thursday. Stock traders purchased 4,984 call options on the company. This is an increase of approximately 2,565% compared to the typical daily volume of 187 call options.
Shares of Prologis (PLD) opened at $65.98 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a market capitalization of $35,140.00, a P/E ratio of 23.79, a P/E/G ratio of 4.34 and a beta of 0.91. Prologis has a 12 month low of $48.33 and a 12 month high of $67.53.
Prologis (NYSE:PLD) last issued its quarterly earnings results on Tuesday, October 17th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.67. The business had revenue of $531.18 million during the quarter, compared to analysts’ expectations of $573.68 million. Prologis had a return on equity of 9.93% and a net margin of 68.50%. The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.14 earnings per share. research analysts predict that Prologis will post 2.8 EPS for the current year.
A number of equities analysts have weighed in on PLD shares. Zacks Investment Research raised Prologis from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research report on Monday, September 25th. Stifel Nicolaus reissued a “buy” rating and set a $65.00 price target on shares of Prologis in a research report on Thursday, September 21st. SunTrust Banks raised Prologis from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Tuesday, September 5th. KeyCorp reissued a “buy” rating and set a $65.00 price target on shares of Prologis in a research report on Sunday, August 27th. Finally, BMO Capital Markets set a $69.00 price target on Prologis and gave the stock a “buy” rating in a research report on Tuesday, October 17th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $66.29.
In related news, 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 owns 63,365 shares of the company’s stock, valued at $4,220,742.65. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Eugene F. Reilly sold 18,000 shares of Prologis stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $66.55, for a total value of $1,197,900.00. Following the completion of the sale, the chief executive officer now directly owns 63,365 shares in the company, valued at approximately $4,216,940.75. The disclosure for this sale can be found here. 1.31% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PLD. Evercore Wealth Management LLC lifted its stake in Prologis by 18.2% during the second quarter. Evercore Wealth Management LLC now owns 2,270 shares of the real estate investment trust’s stock worth $134,000 after purchasing an additional 350 shares during the last quarter. IFP Advisors Inc lifted its stake in Prologis by 40.7% during the second quarter. IFP Advisors Inc now owns 3,164 shares of the real estate investment trust’s stock worth $186,000 after purchasing an additional 915 shares during the last quarter. ETF Managers Group LLC bought a new stake in Prologis during the second quarter worth $193,000. Lincoln National Corp bought a new stake in Prologis during the second quarter worth $205,000. Finally, Commerce Bank bought a new stake in Prologis during the second quarter worth $209,000. Hedge funds and other institutional investors own 95.57% of the company’s stock.
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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.
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