ProLogis, Inc. (NYSE:PLD) CEO Gary E. Anderson sold 65,000 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $58.55, for a total transaction of $3,805,750.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
ProLogis, Inc. (NYSE:PLD) traded down 0.55% during midday trading on Friday, reaching $58.19. The company’s stock had a trading volume of 3,263,538 shares. The stock’s 50 day moving average is $55.60 and its 200 day moving average is $52.62. The stock has a market cap of $30.86 billion, a P/E ratio of 25.84 and a beta of 0.95. ProLogis, Inc. has a 12-month low of $45.93 and a 12-month high of $58.72.
ProLogis (NYSE:PLD) last posted its quarterly earnings results on Tuesday, April 18th. The real estate investment trust reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.01. ProLogis had a return on equity of 6.66% and a net margin of 47.15%. The firm had revenue of $629.16 million for the quarter, compared to the consensus estimate of $555.37 million. During the same period in the previous year, the business earned $0.61 earnings per share. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. Analysts anticipate that ProLogis, Inc. will post ($0.27) earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Wednesday, June 14th will be paid a $0.44 dividend. The ex-dividend date is Monday, June 12th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.01%. ProLogis’s dividend payout ratio (DPR) is presently 78.57%.
PLD has been the topic of several recent analyst reports. BTIG Research restated a “buy” rating and set a $57.00 price objective on shares of ProLogis in a report on Tuesday, April 11th. Evercore ISI upped their price objective on shares of ProLogis from $58.00 to $59.00 and gave the company an “outperform” rating in a report on Wednesday, April 19th. Zacks Investment Research downgraded shares of ProLogis from a “buy” rating to a “hold” rating in a report on Thursday, April 20th. Citigroup Inc. upped their price objective on shares of ProLogis from $50.00 to $56.00 and gave the company a “neutral” rating in a report on Tuesday, April 25th. Finally, Stifel Nicolaus upped their price objective on shares of ProLogis from $57.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, May 30th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. ProLogis currently has a consensus rating of “Buy” and a consensus price target of $55.51.
A number of hedge funds have recently bought and sold shares of the company. Creative Planning increased its stake in ProLogis by 13.2% in the first quarter. Creative Planning now owns 2,009 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 234 shares during the last quarter. Guardian Life Insurance Co. of America increased its stake in ProLogis by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,039 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 14 shares during the last quarter. IFP Advisors Inc increased its stake in ProLogis by 10.7% in the first quarter. IFP Advisors Inc now owns 2,249 shares of the real estate investment trust’s stock worth $117,000 after buying an additional 218 shares during the last quarter. Solaris Asset Management LLC increased its stake in ProLogis by 1.8% in the first quarter. Solaris Asset Management LLC now owns 2,825 shares of the real estate investment trust’s stock worth $147,000 after buying an additional 50 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in ProLogis during the fourth quarter worth approximately $215,000. Institutional investors own 96.70% of the company’s stock.
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.
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