In yesterday’s Wall Street session, Prologis Inc (NYSE:PLD) shares traded at $124.69, down -1.11% from the previous session.
PLD stock price is now -4.39% away from the 50-day moving average and 2.15% away from the 200-day moving average. The market capitalization of the company currently stands at $116.42B.
With the price target maintained at $136, Evercore ISI recently Downgraded its rating from Outperform to In-line for Prologis Inc (NYSE: PLD). On December 18, 2023, JP Morgan Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock increasing its target price from $123 to quote $148, while ‘Mizuho’ rates the stock as ‘Neutral’
In other news, Connor James B., Director sold 21,419 shares of the company’s stock on Dec 21 ’23. The stock was sold for $2,793,038 at an average price of $130.40. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 20 ’23, Director Connor James B. sold 103,331 shares of the business’s stock. A total of $13,763,689 was realized by selling the stock at an average price of $133.20. This leaves the insider owning 21,419 shares of the company worth $2.67 million. A total of 1.42% of the company’s stock is owned by insiders.
During the past 12 months, Prologis Inc has had a low of $96.64 and a high of $137.52. The fifty day moving average price for PLD is $130.42 and a two-hundred day moving average price translates $122.07 for the stock.
The latest earnings results from Prologis Inc (NYSE: PLD) was released for Dec, 2023. According to the REIT – Industrial Company, earnings per share came in at $0.68, beating analysts’ expectations of $0.55 by 0.13. This compares to $0.53 EPS in the same period last year. The net profit margin was 38.06% and return on equity was 5.75% for PLD. The company reported revenue of $1.89 billion for the quarter, compared to $1.75 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.86 percent. For the current quarter, analysts expect PLD to generate $1.86B in revenue.
