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.

A number of equities research analysts have issued reports on the stock. BMO Capital Markets reissued a “buy” rating and set a $70.00 target price on shares of Prologis in a report on Tuesday, October 16th. Scotiabank assumed coverage on shares of Prologis in a report on Tuesday, October 16th. They set a “sector perform” rating on the stock. ValuEngine raised shares of Prologis from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Wells Fargo & Co set a $65.00 target price on shares of Prologis and gave the company a “market perform” rating in a report on Wednesday, January 16th. They noted that the move was a valuation call. Finally, Deutsche Bank raised shares of Prologis from a “hold” rating to a “buy” rating and boosted their target price for the company from $68.00 to $72.00 in a report on Tuesday, December 18th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Prologis has an average rating of “Buy” and a consensus target price of $71.92.

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.

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About Prologis

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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Insider Buying and Selling by Quarter for Prologis (NYSE:PLD)

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