Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Prologis (PLD) Share Price
Media headlines about Prologis (NYSE:PLD) have been trending somewhat positive on Friday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Prologis earned a coverage optimism score of 0.22 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.1092802830272 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- Legal & General Group Plc Modifies Its Holdings in ProLogis, Inc. (PLD) Stock – Highlight Press (highlightpress.com)
- Making Money Stock:: Prologis, Inc. (PLD) | Analysts Buzz – Voice Of Analysts (analystsbuzz.com)
- Prologis, Inc. (PLD) Rating Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
- Schwab Charles Investment Management Inc Increases Its Investment in ProLogis, Inc. (PLD) Stock – Highlight Press (highlightpress.com)
- Prologis, Inc. (PLD) generates Dividend Yield of 2.89% – Voice Of Analysts (analystsbuzz.com)
Prologis (NYSE PLD) traded up 0.39% during trading on Friday, hitting $61.36. The stock had a trading volume of 1,631,473 shares. Prologis has a 52 week low of $45.93 and a 52 week high of $61.81. The stock has a 50-day moving average price of $58.87 and a 200-day moving average price of $54.22. The company has a market cap of $32.64 billion, a PE ratio of 27.54 and a beta of 0.94.
Prologis (NYSE:PLD) last announced its quarterly earnings results on Tuesday, July 18th. The real estate investment trust reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The firm had revenue of $766.18 million during the quarter, compared to analysts’ expectations of $576 million. Prologis had a net margin of 43.99% and a return on equity of 6.65%. The company’s revenue for the quarter was up 27.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.60 earnings per share. Equities analysts predict that Prologis will post ($0.27) EPS for the current year.
PLD has been the subject of several research analyst reports. Stifel Nicolaus boosted their price objective on Prologis from $57.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, May 30th. Zacks Investment Research raised Prologis from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a report on Monday, May 22nd. BidaskClub lowered Prologis from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 21st. Royal Bank Of Canada reissued a “buy” rating and issued a $59.00 price objective on shares of Prologis in a report on Thursday, June 8th. Finally, BTIG Research reissued a “buy” rating and issued a $57.00 price objective on shares of Prologis in a report on Tuesday, April 11th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $59.60.
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In other Prologis news, insider Edward S. Nekritz sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $55.31, for a total transaction of $1,382,750.00. Following the completion of the transaction, the insider now owns 199,950 shares in the company, valued at $11,059,234.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Carl B. Webb sold 20,000 shares of the firm’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $61.38, for a total transaction of $1,227,600.00. Following the transaction, the director now owns 66,078 shares of the company’s stock, valued at approximately $4,055,867.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 483,807 shares of company stock valued at $27,400,851. Corporate insiders own 1.31% of the company’s stock.
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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