Prologis Inc (NYSE:PLD) saw some unusual options trading on Wednesday. Stock investors bought 903 call options on the company. This represents an increase of 1,043% compared to the typical daily volume of 79 call options.

In other news, CFO Thomas S. Olinger sold 46,200 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $66.33, for a total value of $3,064,446.00. Following the sale, the chief financial officer now directly owns 36,325 shares in the company, valued at $2,409,437.25. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Edward S. Nekritz sold 15,752 shares of the business’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $64.51, for a total value of $1,016,161.52. Following the completion of the sale, the insider now owns 146,414 shares in the company, valued at $9,445,167.14. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 99,852 shares of company stock worth $6,600,519. Corporate insiders own 1.31% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. State of Alaska Department of Revenue increased its position in Prologis by 11.6% during the fourth quarter. State of Alaska Department of Revenue now owns 328,495 shares of the real estate investment trust’s stock worth $21,188,000 after buying an additional 34,229 shares during the last quarter. Cullinan Associates Inc. increased its position in Prologis by 237.5% during the fourth quarter. Cullinan Associates Inc. now owns 10,800 shares of the real estate investment trust’s stock worth $697,000 after buying an additional 7,600 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in Prologis by 5.4% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 5,095,808 shares of the real estate investment trust’s stock worth $328,731,000 after buying an additional 261,189 shares during the last quarter. Creative Planning increased its position in Prologis by 38.2% during the fourth quarter. Creative Planning now owns 4,778 shares of the real estate investment trust’s stock worth $308,000 after buying an additional 1,321 shares during the last quarter. Finally, National Pension Service increased its position in Prologis by 2.1% during the fourth quarter. National Pension Service now owns 521,791 shares of the real estate investment trust’s stock worth $33,661,000 after buying an additional 10,824 shares during the last quarter. 95.38% of the stock is currently owned by hedge funds and other institutional investors.

Prologis (NYSE PLD) opened at $61.78 on Friday. The firm has a market capitalization of $32,690.00, a P/E ratio of 18.55, a price-to-earnings-growth ratio of 4.03 and a beta of 0.92. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.53. Prologis has a 12-month low of $48.33 and a 12-month high of $67.53.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Tuesday, October 17th. The real estate investment trust reported $0.67 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.67. The firm had revenue of $531.18 million for the quarter, compared to the consensus estimate of $573.68 million. Prologis had a return on equity of 9.93% and a net margin of 68.50%. The business’s revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.14 earnings per share. equities analysts forecast that Prologis will post 2.8 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Monday, December 18th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend was Friday, December 15th. Prologis’s dividend payout ratio (DPR) is presently 52.85%.

Several research firms recently issued reports on PLD. KeyCorp reiterated a “buy” rating and set a $72.00 target price on shares of Prologis in a report on Thursday, December 21st. Zacks Investment Research upgraded Prologis from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Monday, September 25th. BTIG Research reiterated a “buy” rating and set a $68.00 target price (up previously from $62.00) on shares of Prologis in a report on Wednesday, September 27th. SunTrust Banks reiterated a “buy” rating and set a $68.00 target price on shares of Prologis in a report on Thursday, October 12th. Finally, BMO Capital Markets set a $69.00 target price on Prologis and gave the stock a “buy” rating in a report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $66.57.

ILLEGAL ACTIVITY NOTICE: “Stock Traders Buy Large Volume of Call Options on Prologis (PLD)” was reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US & international copyright legislation. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/01/20/stock-traders-buy-large-volume-of-call-options-on-prologis-pld-2.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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prologis and related companies with MarketBeat.com's FREE daily email newsletter.