Investors Sell Shares of Prologis (PLD) on Strength (PLD)

Traders sold shares of Prologis Inc (NYSE:PLD) on strength during trading on Monday. $25.07 million flowed into the stock on the tick-up and $84.23 million flowed out of the stock on the tick-down, for a money net flow of $59.16 million out of the stock. Of all stocks tracked, Prologis had the 0th highest net out-flow for the day. Prologis traded up $0.57 for the day and closed at $61.98

Several brokerages recently commented on PLD. Evercore ISI raised Prologis from an “in-line” rating to an “outperform” rating in a research note on Monday, December 4th. JPMorgan Chase & Co. cut Prologis from an “overweight” rating to a “neutral” rating and set a $66.00 target price for the company. in a research report on Friday, December 15th. Jefferies Group reaffirmed a “neutral” rating on shares of Prologis in a research report on Wednesday, January 24th. Robert W. Baird upped their target price on Prologis from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Finally, Bank of America set a $72.00 target price on Prologis and gave the stock a “buy” rating in a research report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $67.56.

The stock has a market capitalization of $33,038.69, a price-to-earnings ratio of 20.19, a P/E/G ratio of 4.66 and a beta of 0.83. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.51.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Tuesday, January 23rd. The real estate investment trust reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. Prologis had a return on equity of 9.12% and a net margin of 63.11%. The company had revenue of $550.65 million during the quarter, compared to analyst estimates of $533.54 million. During the same period in the previous year, the company earned $0.63 earnings per share. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. research analysts anticipate that Prologis Inc will post 2.9 earnings per share for the current fiscal year.

In other news, CEO Eugene F. Reilly sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $66.61, for a total transaction of $999,150.00. Following the completion of the transaction, the chief executive officer now directly owns 63,365 shares in the company, valued at $4,220,742.65. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William D. Zollars sold 4,020 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $60.48, for a total value of $243,129.60. Following the transaction, the director now owns 20,225 shares of the company’s stock, valued at $1,223,208. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 103,872 shares of company stock valued at $6,843,648. Corporate insiders own 1.31% of the company’s stock.

Several hedge funds have recently modified their holdings of PLD. Virtue Capital Management LLC acquired a new position in shares of Prologis during the fourth quarter worth approximately $143,000. Parallel Advisors LLC raised its stake in shares of Prologis by 66.3% in the fourth quarter. Parallel Advisors LLC now owns 2,509 shares of the real estate investment trust’s stock valued at $162,000 after purchasing an additional 1,000 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in shares of Prologis by 75.5% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 2,678 shares of the real estate investment trust’s stock valued at $173,000 after purchasing an additional 1,152 shares in the last quarter. Premia Global Advisors LLC acquired a new position in shares of Prologis in the fourth quarter valued at $192,000. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Prologis in the fourth quarter valued at $200,000. Institutional investors own 93.45% of the company’s stock.

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About Prologis

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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