Today, a Director at Prologis, Jeffrey Skelton, exercised options of Prologis for $236.7K. The options were close to expired and Jeffrey Skelton disposed stocks.
Following Jeffrey Skelton’s last PLD Sell transaction on May 12, 2015, the stock climbed by 29.0%. In addition to Jeffrey Skelton, one other PLD executive reported Sell trades in the last month.
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Based on Prologis’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $694 million and quarterly net profit of $367 million. In comparison, last year the company earned revenue of $629 million and had a net profit of $205 million. PLD’s market cap is $34.91B and the company has a P/E ratio of 19.46. Currently, Prologis has an average volume of 2.98M.
Based on 8 analyst ratings, the analyst consensus is Strong Buy with an average price target of $71.17, reflecting a -8.4% downside. Three different firms, including Goldman Sachs and Imperial Capital, currently also have a Sell rating on the stock.
The insider sentiment on Prologis has been negative according to 29 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Prologis, Inc. engages in the provision of real estate investment trust services. It operates through Real Estate Operations, and Strategic Capital segments. The Real Estate Operations segment represents the ownership and development of logistics properties and also includes rental revenues, recoveries and expenses recognized from its consolidated properties.
