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.
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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