Key Points
- Director James Connor sold 80,000 shares of Prologis on Oct. 24 at an average price of $126.58, a transaction totaling $10,126,400, per an SEC filing.
- Prologis declared a quarterly dividend of $1.01 (annualized $4.04) for a ~3.1% yield, though its dividend payout ratio is elevated at 117.78%.
- Analysts give Prologis an average rating of "Moderate Buy" with a consensus price target of $128.24; the company last reported EPS of $0.82 on $2.21 billion in revenue and has a market cap of about $120.6 billion.
Prologis, Inc. (NYSE:PLD - Get Free Report) Director James Connor sold 80,000 shares of the firm's stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $126.58, for a total transaction of $10,126,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Prologis Trading Up 0.6%
PLD opened at $129.79 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.64 and a current ratio of 0.64. The stock's 50 day moving average price is $126.87 and its 200-day moving average price is $117.06. Prologis, Inc. has a one year low of $85.35 and a one year high of $131.70. The stock has a market cap of $120.56 billion, a price-to-earnings ratio of 37.84, a P/E/G ratio of 3.78 and a beta of 1.40.
Prologis (NYSE:PLD - Get Free Report) last posted its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter. The company had revenue of $2.21 billion during the quarter. Prologis had a return on equity of 5.55% and a net margin of 36.71%. On average, equities analysts forecast that Prologis, Inc. will post 5.73 EPS for the current year.
Prologis Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th were issued a $1.01 dividend. The ex-dividend date was Tuesday, December 16th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.1%. Prologis's dividend payout ratio is presently 117.78%.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the stock. Barclays decreased their price objective on shares of Prologis from $119.00 to $118.00 and set an "overweight" rating for the company in a report on Monday, September 15th. BMO Capital Markets raised Prologis from an "underperform" rating to a "market perform" rating and set a $119.00 price objective on the stock in a research note on Monday, October 20th. Bank of America upgraded Prologis from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $118.00 to $130.00 in a report on Tuesday, September 16th. Mizuho upped their target price on Prologis from $118.00 to $138.00 and gave the stock an "outperform" rating in a report on Thursday, December 4th. Finally, Scotiabank increased their price target on Prologis from $127.00 to $133.00 and gave the stock a "sector perform" rating in a research report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $128.24.
Get Our Latest Report on PLD
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. Clayton Financial Group LLC purchased a new position in Prologis in the third quarter valued at $26,000. Silver Oak Securities Incorporated acquired a new position in shares of Prologis during the 3rd quarter worth about $36,000. Rossby Financial LCC increased its holdings in shares of Prologis by 69.6% in the 3rd quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust's stock valued at $38,000 after acquiring an additional 135 shares during the last quarter. Dogwood Wealth Management LLC raised its position in shares of Prologis by 87.3% during the 3rd quarter. Dogwood Wealth Management LLC now owns 339 shares of the real estate investment trust's stock worth $39,000 after acquiring an additional 158 shares in the last quarter. Finally, Clear Investment Research LLC lifted its stake in Prologis by 34.5% during the third quarter. Clear Investment Research LLC now owns 343 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 88 shares during the last quarter. 93.50% of the stock is owned by institutional investors.
Prologis Company Profile
(
Get Free Report)
Prologis, Inc is a real estate investment trust (REIT) specializing in logistics and distribution facilities. The company focuses on acquiring, developing, and managing high-quality industrial real estate assets that support supply chain infrastructure for third-party logistics providers, e-commerce businesses, retailers and manufacturers. Its portfolio primarily consists of warehouse and distribution centers designed to optimize goods movement and storage near key transportation hubs.
With a global presence, Prologis serves customers across the Americas, Europe and Asia Pacific.
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