Prologis Sees Unusually Large Options Volume (NYSE:PLD)

Prologis Inc (NYSE:PLD) saw unusually large options trading activity on Thursday. Stock investors bought 2,076 call options on the stock. This represents an increase of approximately Infinity compared to the average daily volume of 0 call options.

In other Prologis news, CEO Eugene F. Reilly sold 18,000 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $66.55, for a total transaction of $1,197,900.00. Following the sale, the chief executive officer now directly owns 63,365 shares of the company’s stock, valued at $4,216,940.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Eugene F. Reilly sold 15,000 shares of the company’s stock in a transaction on Tuesday, November 28th. The shares were 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 owns 63,365 shares in the company, valued at $4,220,742.65. The disclosure for this sale can be found here. 1.31% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. AXA raised its holdings in Prologis by 11.8% during the 3rd quarter. AXA now owns 607,941 shares of the real estate investment trust’s stock worth $38,580,000 after purchasing an additional 64,245 shares during the last quarter. Shelton Capital Management bought a new position in Prologis during the 3rd quarter worth approximately $458,000. Public Employees Retirement System of Ohio raised its holdings in Prologis by 1.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 829,053 shares of the real estate investment trust’s stock worth $52,612,000 after purchasing an additional 12,639 shares during the last quarter. Archford Capital Strategies LLC bought a new position in Prologis during the 3rd quarter worth approximately $497,000. Finally, Neuberger Berman Group LLC raised its holdings in Prologis by 3.2% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,882,047 shares of the real estate investment trust’s stock worth $119,435,000 after purchasing an additional 58,790 shares during the last quarter. Hedge funds and other institutional investors own 95.57% of the company’s stock.

Several equities analysts have commented on the stock. BMO Capital Markets assumed coverage on shares of Prologis in a report on Monday, September 11th. They issued an “outperform” rating and a $69.00 price objective on the stock. SunTrust Banks upgraded shares of Prologis from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Tuesday, September 5th. Bank of America set a $72.00 price target on shares of Prologis and gave the company a “buy” rating in a research note on Wednesday, October 25th. KeyCorp restated a “buy” rating and issued a $65.00 price target on shares of Prologis in a research note on Friday, September 29th. Finally, BidaskClub upgraded shares of Prologis from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Prologis presently has an average rating of “Buy” and an average target price of $66.31.

Shares of Prologis (NYSE PLD) traded up $0.28 during midday trading on Wednesday, reaching $64.72. 1,415,520 shares of the company were exchanged, compared to its average volume of 2,401,431. The company has a market cap of $35,085.49, a price-to-earnings ratio of 23.81, a PEG ratio of 4.34 and a beta of 0.91. Prologis has a 1-year low of $48.33 and a 1-year high of $67.53. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.53.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Tuesday, October 17th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.67. The business had revenue of $531.18 million during the quarter, compared to analyst estimates of $573.68 million. Prologis had a net margin of 68.50% and a return on equity of 9.93%. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter last year, the business earned $0.14 EPS. analysts predict that Prologis will post 2.8 EPS for the current year.

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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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