Somewhat Positive Media Coverage Somewhat Unlikely to Impact Prologis (NYSE:PLD) Share Price
News coverage about Prologis (NYSE:PLD) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by reviewing 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 news sentiment score of 0.17 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 46.4545779249743 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Prologis Inc (PLD) AO Seeing a Consistent Downtrend – Evergreen Caller (evergreencaller.com)
- Prologis, Inc. (NYSE:PLD) Given Average Rating of “Buy” by Analysts (americanbankingnews.com)
- OnePlus 3/3T wont get major OS updates after Android O (gentst.com)
- Investec Asset Management Ltd Increases Its Position in ProLogis, Inc. (PLD) Stock Last Quarter (highlightpress.com)
- Prologis, Inc. (NYSE:PLD) Expected to Announce Quarterly Sales of $619.06 Million (americanbankingnews.com)
A number of research firms have recently commented on PLD. Stifel Nicolaus boosted their price target on shares of Prologis from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, May 30th. Royal Bank Of Canada restated a “buy” rating and set a $59.00 price target on shares of Prologis in a research report on Thursday, June 8th. Zacks Investment Research upgraded shares of Prologis from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a research report on Wednesday, June 14th. Citigroup Inc. boosted their price target on shares of Prologis from $50.00 to $56.00 and gave the company a “neutral” rating in a research report on Tuesday, April 25th. Finally, Bank of America Corporation upgraded shares of Prologis from a “neutral” rating to a “buy” rating and boosted their price target for the company from $58.00 to $65.00 in a research report on Friday, June 23rd. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $59.60.
Shares of Prologis (NYSE:PLD) opened at 61.33 on Tuesday. Prologis has a 1-year low of $45.93 and a 1-year high of $61.81. The company has a market capitalization of $32.62 billion, a P/E ratio of 27.53 and a beta of 0.94. The firm has a 50-day moving average of $59.57 and a 200 day moving average of $54.76.
Prologis (NYSE:PLD) last posted its earnings results on Tuesday, July 18th. The real estate investment trust reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.06. The company 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%. Prologis’s quarterly revenue was up 27.2% on a year-over-year basis. During the same period last year, the company posted $0.60 earnings per share. On average, analysts anticipate that Prologis will post ($0.27) EPS for the current year.
In other Prologis news, CEO Hamid R. Moghadam sold 271,788 shares of Prologis stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $56.04, for a total value of $15,230,999.52. Following the completion of the transaction, the chief executive officer now directly owns 36,997 shares of the company’s stock, valued at approximately $2,073,311.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Carl B. Webb sold 20,000 shares of Prologis stock in a transaction on 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 completion of the transaction, the director now directly owns 66,078 shares of the company’s stock, valued at $4,055,867.64. The disclosure for this sale can be found here. Insiders sold a total of 483,807 shares of company stock valued at $27,400,851 over the last three months. Corporate insiders own 1.31% of the company’s stock.
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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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