Prologis Sees Unusually Large Options Volume (PLD)
Prologis Inc (NYSE:PLD) was the target of unusually large options trading on Tuesday. Stock traders purchased 2,907 call options on the company. This is an increase of 1,111% compared to the typical volume of 240 call options.
Prologis stock opened at $72.38 on Thursday. Prologis has a one year low of $55.21 and a one year high of $72.82. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.45 and a quick ratio of 0.45. The firm has a market capitalization of $44.09 billion, a PE ratio of 23.89, a P/E/G ratio of 4.37 and a beta of 1.03.
Prologis (NYSE:PLD) last posted its quarterly earnings data on Tuesday, January 22nd. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.01. The company had revenue of $679.20 million during the quarter, compared to analyst estimates of $661.64 million. Prologis had a return on equity of 7.46% and a net margin of 58.81%. The firm’s quarterly revenue was up 23.3% on a year-over-year basis. During the same quarter last year, the company earned $0.55 earnings per share. Analysts anticipate that Prologis will post 3.16 EPS for the current fiscal year.
A number of equities analysts have recently commented on the company. Barclays reaffirmed a “buy” rating on shares of Prologis in a report on Thursday, February 21st. Wells Fargo & Co set a $65.00 price target on Prologis and gave the stock a “market perform” rating in a report on Wednesday, January 16th. They noted that the move was a valuation call. ValuEngine lowered Prologis from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Deutsche Bank raised Prologis from a “hold” rating to a “buy” rating and raised their price target for the stock from $68.00 to $72.00 in a report on Tuesday, December 18th. Finally, Robert W. Baird lowered Prologis from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $73.00 to $71.00 in a report on Friday, March 1st. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Prologis has an average rating of “Buy” and a consensus price target of $71.77.
In other Prologis news, CEO Eugene F. Reilly sold 19,000 shares of the firm’s stock in a transaction on Monday, February 11th. The stock was sold at an average price of $71.07, for a total value of $1,350,330.00. Following the completion of the sale, the chief executive officer now directly owns 17,685 shares of the company’s stock, valued at $1,256,872.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Irving F. Lyons III sold 30,188 shares of the firm’s stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $70.83, for a total value of $2,138,216.04. Following the completion of the sale, the director now directly owns 7,972 shares of the company’s stock, valued at $564,656.76. The disclosure for this sale can be found here. Insiders sold 112,677 shares of company stock valued at $7,840,992 over the last three months. Company insiders own 1.32% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Rehmann Capital Advisory Group boosted its stake in Prologis by 13.5% during the fourth quarter. Rehmann Capital Advisory Group now owns 1,389 shares of the real estate investment trust’s stock valued at $82,000 after buying an additional 165 shares during the period. Proficio Capital Partners LLC boosted its stake in Prologis by 35.5% during the fourth quarter. Proficio Capital Partners LLC now owns 679 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 178 shares during the period. Cornerstone Advisors Inc. boosted its stake in Prologis by 14.5% during the third quarter. Cornerstone Advisors Inc. now owns 1,424 shares of the real estate investment trust’s stock valued at $97,000 after buying an additional 180 shares during the period. AdvisorNet Financial Inc lifted its stake in Prologis by 30.4% during the fourth quarter. AdvisorNet Financial Inc now owns 910 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 212 shares during the last quarter. Finally, Archford Capital Strategies LLC lifted its stake in Prologis by 3.0% during the fourth quarter. Archford Capital Strategies LLC now owns 7,199 shares of the real estate investment trust’s stock worth $423,000 after purchasing an additional 212 shares during the last quarter. 95.44% of the stock is owned by institutional investors.
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Prologis Company Profile
Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2018, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 768 million square feet (71 million square meters) in 19 countries.
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