Prologis (PLD) Receiving Somewhat Favorable Media Coverage, Report Shows
News headlines about Prologis (NYSE:PLD) have trended somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Prologis earned a news impact score of 0.23 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 46.2368591784884 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have impacted Accern’s scoring:
- Prologis (PLD) Up 3.5% Since Earnings Report: Can It Continue? (finance.yahoo.com)
- Prologis, Inc. (PLD) Lifted to Strong-Buy at BidaskClub (americanbankingnews.com)
- Prologis (PLD) Buys Partner’s Interest in Brazil Portfolio (streetinsider.com)
- Winton Group Ltd Buys A Lot More ProLogis, Inc. (PLD) Stock (highlightpress.com)
- Prologis Inc Has Returned 20.7% Since SmarTrend Recommendation (PLD) (mysmartrend.com)
PLD has been the subject of several research analyst reports. Stifel Nicolaus lifted their target price on Prologis from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, May 30th. Zacks Investment Research upgraded Prologis from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research report on Monday, May 22nd. Bank of America Corporation upgraded Prologis from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $58.00 to $65.00 in a research report on Friday, June 23rd. BidaskClub downgraded Prologis from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 21st. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $59.00 target price on shares of Prologis in a research report on Thursday, June 8th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $59.60.
Shares of Prologis (PLD) traded down 0.11% during trading on Friday, reaching $61.23. 1,993,934 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $59.89 and a 200 day moving average price of $55.04. Prologis has a 12-month low of $45.93 and a 12-month high of $62.87. The company has a market capitalization of $32.57 billion, a P/E ratio of 27.48 and a beta of 0.94.
Prologis (NYSE:PLD) last posted its quarterly earnings results on Tuesday, July 18th. The real estate investment trust reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. The company had revenue of $766.18 million for the quarter, compared to analyst estimates of $576 million. Prologis had a return on equity of 6.65% and a net margin of 43.99%. Prologis’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 EPS. Equities analysts expect that Prologis will post ($0.27) EPS for the current fiscal year.
In other Prologis news, Director Carl B. Webb sold 20,000 shares of the stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $61.38, for a total value of $1,227,600.00. Following the sale, the director now owns 66,078 shares of the company’s stock, valued at approximately $4,055,867.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Hamid R. Moghadam sold 14,067 shares of the firm’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $56.00, for a total value of $787,752.00. Following the sale, the chief executive officer now directly owns 3,267 shares in the company, valued at approximately $182,952. The disclosure for this sale can be found here. Insiders sold a total of 458,807 shares of company stock worth $26,018,101 in the last ninety days. 1.31% of the stock is owned by corporate insiders.
Prologis Company Profile
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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