Prologis (PLD) Receiving Somewhat Positive Press Coverage, Analysis Finds
Media headlines about Prologis (NYSE:PLD) have been trending somewhat positive this week, Accern reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, 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 media headlines about the real estate investment trust an impact score of 46.2236599169938 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Prologis, Inc. (PLD) to Post FY2018 Earnings of $2.88 Per Share, Jefferies Group Forecasts (americanbankingnews.com)
- Prologis Inc Shares Up 21.5% Since SmarTrend’s Buy Recommendation (PLD) (mysmartrend.com)
- Prologis Inc Rises 1.60% on Heavy Volume: Watch For Potential Pullback (mysmartrend.com)
- Head-To-Head Contrast: DCT Industrial Trust (DCT) vs. Prologis (PLD) (americanbankingnews.com)
- Prologis Reaches Analyst Target Price (nasdaq.com)
A number of analysts have commented on PLD shares. BidaskClub lowered Prologis from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Jefferies Group LLC reissued a “hold” rating and set a $60.00 price objective (up from $54.00) on shares of Prologis in a report on Sunday, June 25th. Barclays PLC reaffirmed an “overweight” rating and issued a $61.00 target price (up from $59.00) on shares of Prologis in a report on Monday, July 24th. Zacks Investment Research raised Prologis from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a report on Wednesday, June 7th. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $64.00 target price (up from $61.00) on shares of Prologis in a report on Friday, July 21st. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $60.00.
Prologis (NYSE:PLD) traded up 0.50% during trading on Friday, reaching $62.58. The company had a trading volume of 1,303,269 shares. Prologis has a 12-month low of $45.93 and a 12-month high of $63.08. The firm has a market capitalization of $33.28 billion, a PE ratio of 28.09 and a beta of 0.94. The firm’s 50 day moving average price is $60.38 and its 200 day moving average price is $55.51.
Prologis (NYSE:PLD) last released its quarterly earnings results on Tuesday, July 18th. The real estate investment trust reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 net margin of 43.99% and a return on equity of 6.65%. The firm’s revenue was up 27.2% on a year-over-year basis. During the same quarter last year, the business earned $0.60 earnings per share. Equities research analysts forecast that Prologis will post ($0.27) EPS for the current year.
In related news, CEO Hamid R. Moghadam sold 271,788 shares of the firm’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $56.04, for a total transaction of $15,230,999.52. Following the sale, the chief executive officer now owns 36,997 shares in the company, valued at $2,073,311.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Hamid R. Moghadam sold 14,067 shares of the firm’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $56.00, for a total transaction of $787,752.00. Following the sale, the chief executive officer now owns 3,267 shares in the company, valued at approximately $182,952. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 458,807 shares of company stock worth $26,018,101. 1.31% of the stock is owned by company 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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