Prologis Inc Stock Price Could Go Down After Today’s Bearish Options Activity

 Prologis Inc Stock Price Could Go Down After Today's Bearish Options Activity

In today’s session Prologis Inc (PLD) recorded an unusually high (1,172) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious PLD decrease. With 1,172 contracts traded and 1204 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: PLD161216P00046000 closed last at: $0.35 or 22.2% down. The stock decreased 0.04% or $0.02 on November 23, hitting $49.71. About 2.44M shares traded hands. Prologis Inc (NYSE:PLD) has risen 10.71% since April 22, 2016 and is uptrending. It has outperformed by 5.30% the S&P500.

Analysts await Prologis Inc (NYSE:PLD) to report earnings on January, 24. They expect $0.63 EPS, down 1.56% or $0.01 from last year’s $0.64 per share. PLD’s profit will be $338.64M for 19.73 P/E if the $0.63 EPS becomes a reality. After $0.73 actual EPS reported by Prologis Inc for the previous quarter, Wall Street now forecasts -13.70% negative EPS growth.

Prologis Inc (NYSE:PLD) Ratings Coverage

Out of 20 analysts covering Prologis (NYSE:PLD), 10 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 50% are positive. Prologis has been the topic of 31 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Wednesday, October 21 by Stifel Nicolaus. TheStreet downgraded Prologis Inc (NYSE:PLD) on Friday, September 4 to “Hold” rating. The stock has “Hold” rating given by BB&T Capital on Thursday, November 12. Oppenheimer maintained Prologis Inc (NYSE:PLD) on Wednesday, January 27 with “Outperform” rating. On Thursday, June 30 the stock rating was downgraded by Suntrust Robinson to “Neutral”. The firm has “Outperform” rating given on Thursday, July 23 by Cowen & Co. The stock of Prologis Inc (NYSE:PLD) has “Buy” rating given on Wednesday, January 27 by Stifel Nicolaus. The firm has “Outperform” rating by Robert W. Baird given on Wednesday, July 22. The stock of Prologis Inc (NYSE:PLD) has “Buy” rating given on Tuesday, September 8 by Evercore. The firm earned “Neutral” rating on Friday, July 1 by UBS.

According to Zacks Investment Research, “Prologis Incorporation is engaged in the acquisition, development, and operation of industrial properties in North America, Europe, and Asia. The Company had been formed after the merger of AMB Property Corporation and Prologis. Prologis Incorporation is headquartered in San Francisco, California.”

Insitutional Activity: The institutional sentiment decreased to 0.92 in 2016 Q2. Its down 0.09, from 1.01 in 2016Q1. The ratio worsened, as 35 funds sold all Prologis Inc shares owned while 174 reduced positions. 56 funds bought stakes while 155 increased positions. They now own 520.80 million shares or 0.92% more from 516.05 million shares in 2016Q1.
Brown Brothers Harriman & Co owns 81 shares or 0% of their US portfolio. Muzinich & Company holds 0.08% of its portfolio in Prologis Inc (NYSE:PLD) for 3,591 shares. The Michigan-based Insight 2811 has invested 0.7% in Prologis Inc (NYSE:PLD). Moreover, Prudential Finance Incorporated has 0.07% invested in Prologis Inc (NYSE:PLD) for 815,546 shares. Mutual Of America Capital Mngmt Ltd Company last reported 93,795 shares in the company. Bank Of Ny Mellon, a New York-based fund reported 8.54 million shares. Calamos Limited Co reported 60,887 shares or 0.02% of all its holdings. Standard Life Invs Limited accumulated 226,309 shares or 0.05% of the stock. Clearbridge Investments Limited Liability Corporation has 85,509 shares for 0% of their US portfolio. Etrade Capital Mngmt Ltd Llc last reported 0.03% of its portfolio in the stock. The United Kingdom-based Blackrock Group Inc Limited has invested 0.18% in Prologis Inc (NYSE:PLD). Apg Asset Management Us owns 18.11 million shares or 6.93% of their US portfolio. Hsbc Hldgs Public Limited Co has 0.12% invested in the company for 880,615 shares. Boston Private Wealth Lc reported 26,585 shares or 0.05% of all its holdings. Moreover, Holt Capital Advisors Ltd Company Dba Holt Capital Prtnrs Ltd Partnership has 0.17% invested in Prologis Inc (NYSE:PLD) for 8,526 shares.

Prologis, Inc. is engaged in logistics real estate business, focused on markets across the Americas, Europe and Asia. The company has a market cap of $26.72 billion. The Firm owns or has investments in, on a basis or through co-investment ventures, properties and development projects in over 20 countries. It has a 29.78 P/E ratio. The Company’s divisions include Real Estate Operations and Strategic Capital.

PLD Company Profile

Prologis, Inc., incorporated on November 24, 1997, is engaged in logistics real estate business, focused on markets across the Americas, Europe and Asia. The Firm owns or has investments in, on a basis or through co-investment ventures, properties and development projects in over 20 countries. The Company’s operating divisions include Real Estate Operations and Strategic Capital. The Firm leases distribution facilities to over 5,200 clients across two categories, which include business-to-business and retail/online fulfillment. For business-to-business enterprises, its buildings serve a range of sectors, including automotive, transportation, pharmaceuticals and general consumer goods. In the area of retail/online fulfillment, its logistics facilities foster the seamless flow of goods around the world. The Company’s customer base represents a spectrum of international, national, regional and local distribution users.

More news for Prologis Inc (NYSE:PLD) were recently published by: Prnewswire.com, which released: “Prologis to Host Investor Forum in New York City Nov. 9” on November 07, 2016. Forbes.com‘s article titled: “Prologis Becomes Oversold” and published on November 10, 2016 is yet another important article.

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