Insider Selling: Prologis Inc (PLD) Insider Sells $2,220,331.68 in Stock
Prologis Inc (NYSE:PLD) insider Edward S. Nekritz sold 32,499 shares of the business’s stock in a transaction on Wednesday, January 30th. The shares were sold at an average price of $68.32, for a total transaction of $2,220,331.68. Following the sale, the insider now directly owns 91,158 shares in the company, valued at approximately $6,227,914.56. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
PLD opened at $69.41 on Monday. The firm has a market cap of $43.70 billion, a PE ratio of 22.91, a PEG ratio of 4.25 and a beta of 1.03. The company has a quick ratio of 0.32, a current ratio of 0.23 and a debt-to-equity ratio of 0.43. Prologis Inc has a one year low of $55.21 and a one year high of $69.46.
Prologis (NYSE:PLD) last released its quarterly earnings results on Tuesday, January 22nd. The real estate investment trust reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. The firm had revenue of $679.20 million during the quarter, compared to analyst estimates of $661.64 million. Prologis had a net margin of 58.81% and a return on equity of 7.45%. The business’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.55 EPS. Sell-side analysts forecast that Prologis Inc will post 3.16 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cornerstone Advisors Inc. grew its position in shares of Prologis by 14.5% during the 3rd quarter. Cornerstone Advisors Inc. now owns 1,424 shares of the real estate investment trust’s stock valued at $97,000 after purchasing an additional 180 shares in the last quarter. Gradient Investments LLC grew its position in shares of Prologis by 43.8% during the 4th quarter. Gradient Investments LLC now owns 965 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 294 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its position in shares of Prologis by 134.5% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 523 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 300 shares in the last quarter. ETF Managers Group LLC grew its position in shares of Prologis by 18.8% during the 4th quarter. ETF Managers Group LLC now owns 2,125 shares of the real estate investment trust’s stock valued at $125,000 after purchasing an additional 337 shares in the last quarter. Finally, American Investment Services Inc. grew its position in shares of Prologis by 2.6% during the 4th quarter. American Investment Services Inc. now owns 14,037 shares of the real estate investment trust’s stock valued at $824,000 after purchasing an additional 350 shares in the last quarter. Hedge funds and other institutional investors own 94.89% of the company’s stock.
Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of September 30, 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 771 million square feet (72 million square meters) in 19 countries.
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