Key Points
- Director Cristina Gabriela Bita sold 621 shares on Dec. 1 at an average price of $127.60 for $79,239.60, leaving her with 8,208 shares (≈$1.05M) and representing a 7.03% cut to her stake; this follows three prior sales, bringing her recent total disposals to 2,621 shares.
- Prologis fundamentals remain solid: the REIT beat quarterly estimates (EPS $1.49 vs. $1.44; revenue $2.21B vs. $2.03B), set FY2025 guidance of $5.78–$5.81 EPS, has a $119.7B market cap and a consensus analyst rating of "Moderate Buy" with a $125.39 target.
Prologis, Inc. (NYSE:PLD - Get Free Report) Director Cristina Gabriela Bita sold 621 shares of the business's stock in a transaction on Monday, December 1st. The stock was sold at an average price of $127.60, for a total value of $79,239.60. Following the completion of the transaction, the director directly owned 8,208 shares of the company's stock, valued at approximately $1,047,340.80. This trade represents a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Cristina Gabriela Bita also recently made the following trade(s):
- On Monday, November 3rd, Cristina Gabriela Bita sold 500 shares of Prologis stock. The shares were sold at an average price of $123.14, for a total value of $61,570.00.
- On Wednesday, October 1st, Cristina Gabriela Bita sold 500 shares of Prologis stock. The shares were sold at an average price of $115.69, for a total transaction of $57,845.00.
- On Wednesday, September 3rd, Cristina Gabriela Bita sold 1,000 shares of Prologis stock. The stock was sold at an average price of $111.00, for a total transaction of $111,000.00.
Prologis Stock Performance
Shares of NYSE PLD opened at $128.83 on Wednesday. The company has a 50-day simple moving average of $122.14 and a 200-day simple moving average of $113.48. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.64 and a quick ratio of 0.65. The company has a market cap of $119.66 billion, a PE ratio of 37.56, a price-to-earnings-growth ratio of 3.13 and a beta of 1.29. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $129.87.
Prologis (NYSE:PLD - Get Free Report) last announced its earnings results on Wednesday, October 15th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.44 by $0.05. The firm had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.03 billion. Prologis had a net margin of 36.71% and a return on equity of 5.55%. Prologis's revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.43 earnings per share. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. On average, equities analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current year.
Institutional Trading of Prologis
Institutional investors have recently modified their holdings of the company. Clayton Financial Group LLC acquired a new position in Prologis during the third quarter valued at approximately $26,000. Activest Wealth Management raised its stake in shares of Prologis by 637.1% in the 1st quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 223 shares during the period. Pandora Wealth Inc. acquired a new position in shares of Prologis during the 1st quarter valued at $34,000. GKV Capital Management Co. Inc. acquired a new position in shares of Prologis during the 1st quarter valued at $34,000. Finally, Silver Oak Securities Incorporated purchased a new stake in Prologis during the 3rd quarter worth $36,000. Hedge funds and other institutional investors own 93.50% of the company's stock.
Analyst Ratings Changes
A number of brokerages have recently commented on PLD. BMO Capital Markets raised Prologis from an "underperform" rating to a "market perform" rating and set a $119.00 price objective for the company in a research report on Monday, October 20th. Evercore ISI raised their price target on Prologis from $113.00 to $116.00 and gave the stock an "in-line" rating in a research note on Thursday, October 16th. Wells Fargo & Company upped their price objective on shares of Prologis from $120.00 to $139.00 and gave the company an "overweight" rating in a research note on Monday, October 27th. UBS Group set a $133.00 target price on shares of Prologis in a research report on Monday, November 10th. Finally, Bank of America upgraded shares of Prologis from a "neutral" rating to a "buy" rating and boosted their target price for the company from $118.00 to $130.00 in a report on Tuesday, September 16th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Prologis has an average rating of "Moderate Buy" and a consensus target price of $125.39.
Read Our Latest Stock Report on PLD
Prologis Company Profile
(
Get Free Report)
Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At March 31, 2024, 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 1.2 billion square feet (115 million square meters) in 19 countries.
Further Reading
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