The price of Prologis Inc. (NYSE:PLD) shares last traded on Wall Street fell -0.56% to $123.54.
Based on available information, 25 analysts follow Prologis Inc. (NYSE:PLD). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $193.00 and a low of $128.00, we find $142.50. Given the previous closing price of $124.23, this indicates a potential upside of 14.71 percent. PLD stock price is now 1.23% away from the 50-day moving average and 3.55% away from the 200-day moving average. The market capitalization of the company currently stands at $113.16B.
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Among analysts, 4 rate the stock a hold while 20 rate it a buy. Brokers who have rated the stock have averaged $145.14 as their price target over the next twelve months.
In other news, OCONNOR DAVID P, Director bought 9,000 shares of the company’s stock on Nov 28. The stock was bought for $1,027,170 at an average price of $114.13. Upon completion of the transaction, the Director now directly owns 9,000 shares in the company, valued at $1.11 million. Insiders disposed of 1,022,421 shares of company stock worth roughly $126.31 million over the past 1 year. A total of 0.32% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PLD stock. A new stake in Prologis Inc. shares was purchased by OFI INVEST ASSET MANAGEMENT during the first quarter worth $338,324,000. ALLSTATE INVESTMENT MANAGEMENT CO invested $35,639,000 in shares of PLD during the first quarter. In the first quarter, LIGHTHOUSE INVESTMENT PARTNERS, LLC acquired a new stake in Prologis Inc. valued at approximately $19,458,000. NORTHCREST ASSET MANANGEMENT, LLC acquired a new stake in PLD for approximately $17,440,000. ILMARINEN MUTUAL PENSION INSURANCE CO purchased a new stake in PLD valued at around $17,173,000 in the second quarter. In total, there are 1,898 active investors with 79.60% ownership of the company’s stock.
A candlestick chart of Prologis Inc. (NYSE: PLD) showed a price of $123.66 on Tuesday morning. During the past 12 months, Prologis Inc. has had a low of $98.03 and a high of $138.86. The fifty day moving average price for PLD is $122.14 and a two-hundred day moving average price translates $119.27 for the stock.
The latest earnings results from Prologis Inc. (NYSE: PLD) was released for Mar, 2023. According to the REIT – Industrial Company, earnings per share came in at $0.5, missing analysts’ expectations of $0.53 by -0.03. This compares to $1.54 EPS in the same period last year. The net profit margin was 41.00% and return on equity was 6.10% for PLD. The company reported revenue of $1.77 billion for the quarter, compared to $1.22 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 45.07 percent. For the current quarter, analysts expect PLD to generate $1.7B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/30/2023. Investors who held shares on 06/16/2023 were paid a $0.87 dividend. On an annualized basis, this represents a $3.48 dividend and a 2.82% percent yield. There was an ex-dividend date of 06/15/2023 for this dividend. In terms of dividend payout ratio, PLD is presently at 97.30%.
Prologis Inc.(PLD) Company Profile
Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2022, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 1.2 billion square feet (113 million square meters) in 19 countries. Prologis leases modern logistics facilities to a diverse base of approximately 6,600 customers principally across two major categories: business-to-business and retail/online fulfillment.
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