In yesterday’s Wall Street session, Prologis Inc (NYSE:PLD) shares traded at $108.15, up 2.14% from the previous session.
PLD stock price is now -10.31% away from the 50-day moving average and -10.26% away from the 200-day moving average. The market capitalization of the company currently stands at $100.98B.
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With the price target reduced from $145 to $112, BMO Capital Markets Downgraded its rating from Outperform to Market Perform for Prologis Inc (NYSE: PLD). On March 18, 2024, Evercore ISI Downgraded its previous ‘Outperform’ rating to ‘In-line’ on the stock keeping its target price maintained at $136, while ‘JP Morgan’ rates the stock as ‘Overweight’
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 $2.32 million. A total of 1.24% 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.
According to the REIT – Industrial Company, earnings per share came in at 1.31, beating analysts’ expectations of 1 by 0.31. This compares to $0.50 EPS in the same period last year. The net profit margin was 38.66% and return on equity was 6.00% for PLD. The company reported revenue of $1.96 billion for the quarter, compared to $1.77 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.63 percent. For the current quarter, analysts expect PLD to generate $1.88B in revenue.
