Prologis Inc (NYSE:PLD) CEO Eugene F. Reilly sold 19,000 shares of the company’s stock in a transaction on 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 owns 17,685 shares of the company’s stock, valued at $1,256,872.95. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of Prologis stock opened at $70.82 on Thursday. The firm has a market capitalization of $44.44 billion, a price-to-earnings ratio of 23.37, a price-to-earnings-growth ratio of 4.33 and a beta of 1.03. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.32 and a current ratio of 0.23. Prologis Inc has a 52-week low of $55.21 and a 52-week high of $71.29.
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 Thomson Reuters’ consensus estimate of $0.79 by $0.01. The firm had revenue of $679.20 million for the quarter, compared to analyst estimates of $661.64 million. Prologis had a net margin of 58.81% and a return on equity of 7.45%. The business’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 EPS. Analysts expect that Prologis Inc will post 3.16 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in the business. American International Group Inc. increased its holdings in Prologis by 1.6% in the 4th quarter. American International Group Inc. now owns 250,086 shares of the real estate investment trust’s stock valued at $14,685,000 after buying an additional 3,901 shares during the period. Geode Capital Management LLC increased its holdings in Prologis by 7.4% in the 4th quarter. Geode Capital Management LLC now owns 9,243,695 shares of the real estate investment trust’s stock valued at $541,949,000 after buying an additional 636,563 shares during the period. Kinneret Advisory LLC bought a new stake in Prologis in the 4th quarter valued at $3,326,000. Magnus Financial Group LLC bought a new stake in Prologis in the 4th quarter valued at $237,000. Finally, California State Teachers Retirement System increased its holdings in Prologis by 0.5% in the 4th quarter. California State Teachers Retirement System now owns 1,064,905 shares of the real estate investment trust’s stock valued at $62,531,000 after buying an additional 5,051 shares during the period. 95.80% of the stock is currently owned by hedge funds and other institutional investors.
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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 December 31, 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 768 million square feet (71 million square meters) in 19 countries.
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