Investors are a little more bullish on shares of ProLogis, Inc. of late if you take note of the motion in short interest. The firm recorded a fall in short interest from August 15, 2017 to August 31, 2017 of -5.90%. Short interest fell from 7,762,432 to 7,304,497 over that timeframe. Days to cover decreased from 4.0 to 4.0 and the short interest percentage is 0.01% as of August 31.
Here is a rundown on some insider market activity for ProLogis, Inc. (NYSE:PLD). Director Carl B. Webb sold 20,000 shares at an average price of $61.38 on July 28th. That brings Webb’s holdings to $2,828,268 as reported to the SEC.
The following firms have recently changed their position in PLD. As of the end of the quarter Perigon Wealth Management, LLC had disposed of a total of 1,025 shares trimming its stake by 4.9%. The value in dollars increased from $1,096,000 to $1,179,000 a change of 7.6% quarter to quarter. As of quarter end Exane Derivatives had bought 13,788 shares growing its holdings by 51.8%. The value of the investment in PLD went from $1,404,000 to $2,368,473,000 increasing 168,594.7% for the reporting period.
As of quarter end Resolution Capital Ltd had disposed of a total of 399,750 shares trimming its position 11.6%. The value of the total investment in ProLogis, Inc. went from $179,268,000 to $179,185,000 a change of $83,000 since the last quarter. Next Financial Group, Inc augmented its position by buying 50 shares an increase of 5.4% in the quarter. Next Financial Group, Inc now holds 975 shares worth $57,000,000. The total value of its holdings increased 113,900.0%.
Equity analyst BMO Capital began coverage with a rating of “Outperform”. On September 5, 2017 the stock rating was changed to “Buy” by SunTrust Robinson Humphrey a boost from the previous “Buy” rating.
On July 24 Barclays held the company rating at “Overweight” but raised the price target to $61.00 from $58.00.
The company is up by 0.03%% since yesterday’s close of 64.75. Additionally the company announced a dividend for shareholders that will be paid on Friday the 29th of September 2017. The dividend payment will be $0.440 per share for the quarter or $1.76 annualized. The dividend yield will be $2.70. The ex-dividend date will be on Friday September 15th, 2017.
Shares are trading at $64.77 which is just a bit higher than the 50 day moving average of $62.54 and which is quite a bit above the 200 day moving average of $57.16. The 50 day moving average went up $2.23 or +3.57% whereas the 200 day average was up by +13.31%.
The P/E ratio is 29.07 and the market value is 34.45B. In the last earnings report the EPS was $2.23 and is expected to be $-0.27 for the current year with 531,862,000 shares now outstanding. Next quarter’s EPS is expected be $0.37 and the next full year EPS is anticipated to be $1.56.
Prologis, Inc., launched on November 24, 1997, is a real estate investment trust (REIT) company. The Company is involved in logistics real estate business. The Business’s segments include Real Estate Operations and Strategic Capital. The Company is focused on markets across the United States, Other Americas, Europe and Asia. As of December 31, 2016, the Company owned or had investments in, on an owned basis or through co-investment ventures, properties and development projects across 676 million square feet (63 million square meters) in 20 countries spanning four continents. The Company is the general partner of Prologis, L.P..