Prologis Sees Unusually High Options Volume (PLD)

Prologis Inc (NYSE:PLD) saw some unusual options trading activity on Thursday. Traders bought 1,756 put options on the company. This is an increase of approximately 2,409% compared to the typical volume of 70 put options.

In other news, insider Lori A. Palazzolo sold 4,900 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $65.89, for a total transaction of $322,861.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Edward S. Nekritz sold 15,752 shares of the company’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $64.51, for a total transaction of $1,016,161.52. Following the transaction, the insider now directly owns 146,414 shares of the company’s stock, valued at approximately $9,445,167.14. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 99,852 shares of company stock valued at $6,600,519. Corporate insiders own 1.31% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Evercore Wealth Management LLC boosted its holdings in Prologis by 18.2% in the 2nd quarter. Evercore Wealth Management LLC now owns 2,270 shares of the real estate investment trust’s stock worth $134,000 after acquiring an additional 350 shares during the period. ETF Managers Group LLC purchased a new position in Prologis in the 2nd quarter worth approximately $193,000. Segment Wealth Management LLC purchased a new position in Prologis in the 3rd quarter worth approximately $213,000. BB&T Securities LLC purchased a new position in Prologis in the 3rd quarter worth approximately $213,000. Finally, ETRADE Capital Management LLC purchased a new position in Prologis in the 2nd quarter worth approximately $219,000. Hedge funds and other institutional investors own 95.38% of the company’s stock.

A number of analysts recently issued reports on PLD shares. Evercore ISI raised shares of Prologis from an “in-line” rating to an “outperform” rating in a research report on Monday, December 4th. JPMorgan Chase & Co. downgraded shares of Prologis from an “overweight” rating to a “neutral” rating and set a $66.00 target price for the company. in a research report on Friday, December 15th. Wells Fargo & Co set a $65.00 target price on shares of Prologis and gave the stock a “hold” rating in a research report on Thursday, October 26th. BTIG Research reissued a “buy” rating and set a $68.00 target price (up previously from $62.00) on shares of Prologis in a research report on Wednesday, September 27th. Finally, Zacks Investment Research downgraded shares of Prologis from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Prologis presently has an average rating of “Buy” and an average target price of $66.57.

Shares of Prologis (PLD) opened at $61.78 on Friday. The stock has a market cap of $32,685.79, a P/E ratio of 18.55, a P/E/G ratio of 3.94 and a beta of 0.92. Prologis has a 1 year low of $48.33 and a 1 year high of $67.53. 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 (NYSE:PLD) last released its quarterly earnings results on Tuesday, October 17th. The real estate investment trust reported $0.67 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.67. The firm 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%. Prologis’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.14 EPS. analysts expect that Prologis will post 2.8 earnings per share for the current year.

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

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About Prologis

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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