Prologis Inc (PLD) CEO Eugene F. Reilly Sells 19,000 Shares

Prologis Inc (NYSE:PLD) CEO Eugene F. Reilly sold 19,000 shares of the company’s stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $71.07, for a total transaction of $1,350,330.00. Following the transaction, the chief executive officer now directly owns 17,685 shares of the company’s stock, valued at $1,256,872.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of NYSE PLD opened at $70.60 on Wednesday. Prologis Inc has a 1 year low of $55.21 and a 1 year high of $71.29. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.32 and a current ratio of 0.23. The stock has a market cap of $44.59 billion, a P/E ratio of 23.30, a P/E/G ratio of 4.33 and a beta of 1.03.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Tuesday, January 22nd. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.01. Prologis had a net margin of 58.81% and a return on equity of 7.45%. The company had revenue of $679.20 million for the quarter, compared to analysts’ expectations of $661.64 million. During the same quarter in the previous year, the company earned $0.55 earnings per share. Prologis’s quarterly revenue was up 23.3% on a year-over-year basis. As a group, equities analysts predict that Prologis Inc will post 3.16 EPS for the current fiscal year.

Several equities analysts have recently commented on the stock. BMO Capital Markets reaffirmed a “buy” rating and set a $70.00 price objective on shares of Prologis in a research note on Tuesday, October 16th. Scotiabank assumed coverage on shares of Prologis in a research note on Tuesday, October 16th. They set a “sector perform” rating for the company. ValuEngine raised shares of Prologis from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Wells Fargo & Co set a $65.00 price objective on shares of Prologis and gave the company a “market perform” rating in a research note on Wednesday, January 16th. They noted that the move was a valuation call. Finally, Deutsche Bank raised shares of Prologis from a “hold” rating to a “buy” rating and upped their price objective for the company from $68.00 to $72.00 in a research note on Tuesday, December 18th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Prologis has a consensus rating of “Buy” and a consensus price target of $71.92.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Retirement Systems of Alabama increased its position in shares of Prologis by 17.4% during the third quarter. Retirement Systems of Alabama now owns 626,508 shares of the real estate investment trust’s stock valued at $42,471,000 after buying an additional 92,821 shares during the period. Quadrant Capital Group LLC increased its position in shares of Prologis by 48.7% during the third quarter. Quadrant Capital Group LLC now owns 2,507 shares of the real estate investment trust’s stock valued at $158,000 after buying an additional 821 shares during the period. LPL Financial LLC increased its position in shares of Prologis by 112.6% during the third quarter. LPL Financial LLC now owns 45,091 shares of the real estate investment trust’s stock valued at $3,057,000 after buying an additional 23,878 shares during the period. Candriam Luxembourg S.C.A. grew its holdings in Prologis by 8.0% in the third quarter. Candriam Luxembourg S.C.A. now owns 85,284 shares of the real estate investment trust’s stock worth $5,781,000 after purchasing an additional 6,339 shares during the period. Finally, Alethea Capital Management LLC purchased a new stake in Prologis in the third quarter worth about $479,000. Institutional investors own 95.80% of the company’s stock.

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Prologis Company Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of September 30, 2018, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 771 million square feet (72 million square meters) in 19 countries.

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Insider Buying and Selling by Quarter for Prologis (NYSE:PLD)

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