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

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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.

PLD has been the subject of several research analyst reports. Zacks Investment Research cut shares of Prologis from a “buy” rating to a “hold” rating in a research note on Monday, October 22nd. ValuEngine upgraded shares of Prologis from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Deutsche Bank upgraded shares of Prologis from a “hold” rating to a “buy” rating and upped their target price for the company from $68.00 to $72.00 in a research note on Tuesday, December 18th. Finally, Wells Fargo & Co set a $65.00 target price 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. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Prologis presently has a consensus rating of “Buy” and a consensus target price of $71.92.

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

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