The stock of Prologis Inc (NYSE:PLD) is a huge mover today! About 453,571 shares traded hands. Prologis Inc (NYSE:PLD) has risen 8.54% since April 25, 2016 and is uptrending. It has outperformed by 2.52% the S&P500.
The move comes after 7 months positive chart setup for the $26.68B company. It was reported on Nov, 28 by Barchart.com. We have $55.02 PT which if reached, will make NYSE:PLD worth $2.40 billion more.
Analysts await Prologis Inc (NYSE:PLD) to report earnings on January, 24. They expect $0.63 earnings per share, down 1.56% or $0.01 from last year’s $0.64 per share. PLD’s profit will be $332.92M for 20.02 P/E if the $0.63 EPS becomes a reality. After $0.73 actual earnings per share 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 32 analyst reports since July 22, 2015 according to StockzIntelligence Inc. As per Tuesday, July 19, the company rating was maintained by Barclays Capital. The firm has “Hold” rating given on Tuesday, June 21 by Deutsche Bank. The stock of Prologis Inc (NYSE:PLD) has “Outperform” rating given on Monday, November 28 by Robert W. Baird. Evercore downgraded the stock to “Hold” rating in Monday, May 23 report. The stock has “Neutral” rating given by UBS on Friday, July 1. BB&T Capital initiated Prologis Inc (NYSE:PLD) on Thursday, November 12 with “Hold” rating. The rating was initiated by Jefferies on Friday, January 22 with “Hold”. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, February 5. The firm has “Sell” rating by Goldman Sachs given on Monday, December 14. Capital One downgraded Prologis Inc (NYSE:PLD) on Wednesday, May 18 to “Equal-Weight” rating.
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 Q2 2016. Its down 0.09, from 1.01 in 2016Q1. The ratio turned negative, 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.
Meeder Asset Mngmt holds 22,832 shares or 0.1% of its portfolio. Trillium Asset Ltd Liability Corp, a Massachusetts-based fund reported 126,815 shares. Moreover, British Columbia Invest Mgmt Corp has 0.14% invested in Prologis Inc (NYSE:PLD) for 334,389 shares. Moody Natl Bank Trust Division last reported 16,430 shares in the company. Sarasin & Prns Llp accumulated 430,807 shares or 0.35% of the stock. The Maine-based Schroder Investment Management Grp Inc has invested 0.01% in Prologis Inc (NYSE:PLD). Reilly Fin Advsr Ltd Co has invested 0.01% of its portfolio in Prologis Inc (NYSE:PLD). Rhumbline Advisers accumulated 788,078 shares or 0.11% of the stock. The Wisconsin-based Dana Inv Advsrs has invested 1.51% in Prologis Inc (NYSE:PLD). Daiwa Secs Gru has 15.44 million shares for 4.53% of their US portfolio. Ranger Mngmt L P last reported 1.65% of its portfolio in the stock. Guggenheim Cap Ltd Llc has invested 0.14% of its portfolio in Prologis Inc (NYSE:PLD). Raymond James Associates has invested 0.06% of its portfolio in Prologis Inc (NYSE:PLD). Boltwood Cap Mngmt holds 0.21% of its portfolio in Prologis Inc (NYSE:PLD) for 5,200 shares. Alliancebernstein L P has 0.06% invested in the company for 1.31M shares.
Another recent and important Prologis Inc (NYSE:PLD) news was published by Prnewswire.com which published an article titled: “Prologis to Host Investor Forum in New York City Nov. 9” on November 07, 2016.
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.
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