Prologis Inc (NYSE:PLD) insider Lori A. Palazzolo sold 4,900 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $65.89, for a total value of $322,861.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Prologis Inc (PLD) opened at $63.38 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $33,720.00, a PE ratio of 23.82, a P/E/G ratio of 4.34 and a beta of 0.91. Prologis Inc has a 12-month low of $48.33 and a 12-month high of $67.53.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Tuesday, October 17th. The real estate investment trust reported $0.67 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.67. The firm had revenue of $531.18 million for the quarter, compared to the consensus estimate of $573.68 million. Prologis had a return on equity of 9.93% and a net margin of 68.50%. The business’s revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.14 earnings per share. research analysts expect that Prologis Inc will post 2.8 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Monday, December 18th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Friday, December 15th. Prologis’s dividend payout ratio (DPR) is presently 52.85%.

A number of analysts have recently commented on the company. Evercore ISI upgraded Prologis from an “in-line” rating to an “outperform” rating in a report on Monday, December 4th. J P Morgan Chase & Co downgraded Prologis from an “overweight” rating to a “neutral” rating and set a $66.00 target price on the stock. in a research report on Friday, December 15th. Citigroup lifted their target price on Prologis from $63.00 to $66.00 and gave the company a “neutral” rating in a research report on Thursday, October 19th. KeyCorp lifted their target price on Prologis from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Monday, October 16th. Finally, BMO Capital Markets began coverage on Prologis in a research report on Monday, September 11th. They issued an “outperform” rating and a $69.00 target price on the stock. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Prologis presently has an average rating of “Buy” and a consensus price target of $66.29.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in Prologis by 0.3% during the second quarter. Vanguard Group Inc. now owns 76,905,109 shares of the real estate investment trust’s stock worth $4,509,716,000 after buying an additional 249,341 shares during the last quarter. BlackRock Inc. increased its position in Prologis by 1.3% during the second quarter. BlackRock Inc. now owns 51,529,145 shares of the real estate investment trust’s stock worth $3,021,668,000 after buying an additional 673,429 shares during the last quarter. APG Asset Management US Inc. increased its position in Prologis by 8.0% during the third quarter. APG Asset Management US Inc. now owns 17,942,319 shares of the real estate investment trust’s stock worth $1,138,620,000 after buying an additional 1,330,850 shares during the last quarter. JPMorgan Chase & Co. increased its position in Prologis by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 11,786,598 shares of the real estate investment trust’s stock worth $749,039,000 after buying an additional 463,559 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Prologis by 1.3% during the third quarter. Bank of New York Mellon Corp now owns 11,107,980 shares of the real estate investment trust’s stock worth $704,913,000 after buying an additional 146,077 shares during the last quarter. 95.36% of the stock is currently owned by hedge funds and other institutional investors.

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Prologis Company Profile

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.

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

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