Prologis Inc. (NYSE:PLD) is scheduled to be posting its Q316 quarterly earnings results on Thursday, October 20th.
Shares of Prologis Inc. (NYSE:PLD) opened at 51.20 on Tuesday. The firm has a market capitalization of $26.98 billion, a PE ratio of 31.26 and a beta of 1.30. Prologis Inc. has a 1-year low of $35.25 and a 1-year high of $54.87. The firm has a 50-day moving average of $52.37 and a 200-day moving average of $49.94.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Monday, September 19th were given a $0.42 dividend. The ex-dividend date was Thursday, September 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.28%. Prologis’s dividend payout ratio is 103.07%.
In other news, CEO Gary E. Anderson sold 33,043 shares of Prologis stock in a transaction on Friday, August 12th. The stock was sold at an average price of $54.28, for a total transaction of $1,793,574.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Hamid R. Moghadam sold 446,991 shares of Prologis stock in a transaction 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 sale, the chief executive officer now directly owns 446,991 shares of the company’s stock, valued at approximately $24,293,960.85. The disclosure for this sale can be found here. Company insiders own 1.29% of the company’s stock.
Large investors have recently bought and sold shares of the company. US Bancorp DE increased its stake in Prologis by 13.8% in the second quarter. US Bancorp DE now owns 56,379 shares of the company’s stock worth $2,766,000 after buying an additional 6,821 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in Prologis by 5.9% in the second quarter. Ameritas Investment Partners Inc. now owns 10,386 shares of the company’s stock worth $509,000 after buying an additional 575 shares in the last quarter. Wetherby Asset Management Inc. increased its stake in Prologis by 3.7% in the second quarter. Wetherby Asset Management Inc. now owns 11,455 shares of the company’s stock worth $561,000 after buying an additional 413 shares in the last quarter. Bank of Nova Scotia increased its stake in Prologis by 6.8% in the second quarter. Bank of Nova Scotia now owns 10,484 shares of the company’s stock worth $514,000 after buying an additional 670 shares in the last quarter. Finally, Columbia Partners L L C Investment Management purchased a new stake in Prologis during the second quarter worth $2,130,000. 99.83% of the stock is owned by institutional investors.
PLD has been the topic of a number of analyst reports. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Prologis in a research report on Wednesday, July 20th. Cantor Fitzgerald reiterated a “buy” rating and issued a $55.00 price target on shares of Prologis in a research report on Wednesday, July 20th. BTIG Research initiated coverage on shares of Prologis in a research report on Thursday, August 25th. They issued a “buy” rating and a $60.00 price target on the stock. Morgan Stanley set a $58.00 price target on shares of Prologis and gave the company a “buy” rating in a research report on Tuesday, September 6th. Finally, Capital One Financial Corp. upgraded shares of Prologis from an “underweight” rating to an “equal weight” rating in a research report on Monday. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $50.26.
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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