Prologis Inc. (NYSE:PLD) – Capital One Financial Corp. issued their FY2018 earnings per share estimates for Prologis in a note issued to investors on Sunday. Capital One Financial Corp. analyst T. Lesnick anticipates that the firm will post earnings per share of $2.65 for the year. Capital One Financial Corp. has a “Equal Weight” rating and a $53.00 price objective on the stock.

Earnings History and Estimates for Prologis (NYSE:PLD)

A number of other analysts have also issued reports on the stock. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Prologis in a research note on Wednesday, July 20th. Bank of America Corp. lowered shares of Prologis from a “buy” rating to a “neutral” rating in a research note on Friday, June 24th. Deutsche Bank AG lowered shares of Prologis from a “buy” rating to a “hold” rating and lifted their price objective for the company from $48.00 to $50.00 in a research note on Tuesday, June 21st. SunTrust Banks Inc. lowered shares of Prologis from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $35.25 to $49.11 in a research note on Thursday, June 30th. Finally, Robert W. Baird lowered shares of Prologis from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from $52.00 to $54.00 in a research note on Wednesday, August 17th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $50.86.

Prologis (NYSE:PLD) traded up 0.46% during mid-day trading on Tuesday, hitting $52.31. 2,198,031 shares of the stock traded hands. The stock has a 50-day moving average of $52.34 and a 200 day moving average of $50.00. Prologis has a 1-year low of $35.25 and a 1-year high of $54.87. The firm has a market cap of $27.56 billion, a price-to-earnings ratio of 31.94 and a beta of 1.31.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Monday, September 19th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend was Thursday, September 15th. Prologis’s payout ratio is currently 103.07%.

In related news, CEO Gary E. Anderson sold 33,043 shares of the company’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $54.28, for a total value of $1,793,574.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Hamid R. Moghadam sold 446,991 shares of the company’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $54.35, for a total transaction of $24,293,960.85. Following the completion of 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. 1.29% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its stake in Prologis by 0.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 21,333 shares of the company’s stock valued at $1,047,000 after buying an additional 56 shares during the last quarter. BKD Wealth Advisors LLC boosted its stake in shares of Prologis by 1.1% in the second quarter. BKD Wealth Advisors LLC now owns 6,354 shares of the company’s stock valued at $312,000 after buying an additional 68 shares during the period. Johnson Investment Counsel Inc. boosted its stake in shares of Prologis by 1.5% in the second quarter. Johnson Investment Counsel Inc. now owns 7,809 shares of the company’s stock valued at $382,000 after buying an additional 113 shares during the period. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Prologis by 0.9% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 13,257 shares of the company’s stock valued at $585,000 after buying an additional 115 shares during the period. Finally, Evercore Wealth Management LLC boosted its stake 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 during the period. 99.83% of the stock is owned by institutional investors and hedge funds.

About Prologis

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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