Prologis Inc. (NYSE:PLD) – Investment analysts at Capital One Financial Corp. issued their FY2018 EPS estimates for Prologis in a research note issued on Sunday. Capital One Financial Corp. analyst T. Lesnick forecasts that the brokerage will earn $2.65 per share for the year. Capital One Financial Corp. has a “Equal Weight” rating and a $53.00 price target on the stock.
PLD has been the topic of a number of other research reports. Wells Fargo & Co. reiterated a “neutral” rating on shares of Prologis in a report on Sunday, September 4th. BTIG Research initiated coverage on Prologis in a report on Thursday, August 25th. They issued a “buy” rating and a $60.00 target price on the stock. Credit Suisse Group AG cut Prologis from an “outperform” rating to a “neutral” rating and set a $48.00 target price on the stock. in a report on Wednesday, July 20th. Bank of America Corp. cut Prologis from a “buy” rating to a “neutral” rating in a report on Friday, June 24th. Finally, Morgan Stanley set a $58.00 target price on Prologis and gave the company a “buy” rating in a report on Tuesday, September 6th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Prologis currently has a consensus rating of “Hold” and an average price target of $50.86.
Prologis (NYSE:PLD) traded up 1.93% on Tuesday, hitting $52.19. The stock had a trading volume of 1,879,609 shares. The stock has a market cap of $27.50 billion, a P/E ratio of 31.86 and a beta of 1.30. Prologis has a one year low of $35.25 and a one year high of $54.87. The company’s 50-day moving average is $52.37 and its 200-day moving average is $49.94.
The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Monday, September 19th were paid a $0.42 dividend. The ex-dividend date of this dividend was Thursday, September 15th. This represents a $1.68 dividend on an annualized basis and a yield of 3.28%. Prologis’s payout ratio is currently 103.07%.
In other Prologis news, CEO Hamid R. Moghadam sold 446,991 shares of Prologis stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $54.35, for a total value of $24,293,960.85. Following the completion of the transaction, the chief executive officer now directly owns 446,991 shares in the company, valued at $24,293,960.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Gary E. Anderson sold 33,043 shares of Prologis stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $54.28, for a total value of $1,793,574.04. The disclosure for this sale can be found here. 1.29% of the stock is owned by company insiders.
A number of institutional investors have recently modified their holdings of the stock. Evercore Wealth Management LLC increased its position in shares of Prologis by 7.6% in the second quarter. Evercore Wealth Management LLC now owns 2,065 shares of the company’s stock valued at $101,000 after buying an additional 145 shares in the last quarter. Global X Management Co. LLC increased its position in shares of Prologis by 63.4% in the second quarter. Global X Management Co. LLC now owns 2,852 shares of the company’s stock valued at $140,000 after buying an additional 1,107 shares in the last quarter. Creative Planning increased its position in shares of Prologis by 12.7% in the second quarter. Creative Planning now owns 2,889 shares of the company’s stock valued at $142,000 after buying an additional 325 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in shares of Prologis during the second quarter valued at about $149,000. Finally, Meeder Asset Management Inc. increased its position in shares of Prologis by 1,589.2% in the first quarter. Meeder Asset Management Inc. now owns 3,767 shares of the company’s stock valued at $167,000 after buying an additional 3,544 shares in the last quarter. Institutional investors own 99.83% of the company’s stock.
Prologis Company Profile
Prologis, Inc is engaged in logistics real estate business, focused on markets across the Americas, Europe and Asia. The Company owns or has investments in, on a basis or through co-investment ventures, properties and development projects in over 20 countries. Its segments include Real Estate Operations and Strategic Capital.
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