Prologis Inc. [NYSE: PLD] price plunged by -0.43 percent to reach at -$0.42. The company report on November 25, 2020 that Prologis Announces Redemption of 3.00% Notes due 2022.
Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, announced that Prologis, L.P. will redeem all of its outstanding 3.00% Notes due January 18, 2022 (CUSIP Number 74340X AZ4 and ISIN XS0999296006, the “bonds”), following which the bonds will be delisted from the New York Stock Exchange. The redemption price is estimated to be at a price equal to 106.56% of the principal amount of the bonds outstanding, which includes interest accrued to the redemption date for an aggregate payment of approximately €1,066 per €1,000 in principal amount issued and outstanding as of the redemption date (estimated using a current German government bond rate). Interest on the principal amount shall cease to accrue on and after the redemption date, which is December 30, 2020.
A sum of 4340957 shares traded at recent session while its average daily volume was at 2.46M shares. Prologis Inc. shares reached a high of $97.96 and dropped to a low of $96.59 until finishing in the latest session at $97.10.
The one-year PLD stock forecast points to a potential upside of 15.09. The average equity rating for PLD stock is currently 2.00, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Prologis Inc. [PLD]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PLD shares is $114.35 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PLD stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
KeyBanc Capital Markets have made an estimate for Prologis Inc. shares, keeping their opinion on the stock as Sector Weight, with their previous recommendation back on November 23, 2020. While these analysts kept the previous recommendation, UBS raised their target price to Buy. The new note on the price target was released on October 16, 2020, representing the official price target for Prologis Inc. stock. Previously, the target price had yet another raise to $126, while Goldman analysts kept a Buy rating on PLD stock.
The Average True Range (ATR) for Prologis Inc. is set at 2.53, with the Price to Sales ratio for PLD stock in the period of the last 12 months amounting to 17.01. The Price to Book ratio for the last quarter was 2.24, with the Price to Cash per share for the same quarter was set at 1.29. Price to Free Cash Flow for PLD in the course of the last twelve months was 59.85.
PLD Stock Performance Analysis:
Prologis Inc. [PLD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.93. With this latest performance, PLD shares dropped by -6.98% in over the last four-week period, additionally plugging by 1.45% over the last 6 months – not to mention a rise of 6.59% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PLD stock in for the last two-week period is set at 37.18, with the RSI for the last a single of trading hit 32.44, and the three-weeks RSI is set at 41.37 for Prologis Inc. [PLD]. The present Moving Average for the last 50 days of trading for this stock 102.03, while it was recorded at 99.09 for the last single week of trading, and 94.36 for the last 200 days.
Insight into Prologis Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Prologis Inc. [PLD] shares currently have an operating margin of +22.58 and a Gross Margin at +38.19. Prologis Inc.’s Net Margin is presently recorded at +47.23.
Return on Total Capital for PLD is now 2.00, given the latest momentum, and Return on Invested Capital for the company is 4.66. Return on Equity for this stock inclined to 7.00, with Return on Assets sitting at 4.01. When it comes to the capital structure of this company, Prologis Inc. [PLD] has a Total Debt to Total Equity ratio set at 54.64. Additionally, PLD Total Debt to Total Capital is recorded at 35.33, with Total Debt to Total Assets ending up at 30.92. Long-Term Debt to Equity for the company is recorded at 52.24, with the Long-Term Debt to Total Capital now at 33.68.
Reflecting on the efficiency of the workforce at the company, Prologis Inc. [PLD] managed to generate an average of $918,784 per employee. Receivables Turnover for the company is 13.83 with a Total Asset Turnover recorded at a value of 0.08.
PLD Stock EPS
With the latest financial reports released by the company, Prologis Inc. posted 0.59/share EPS, while the average EPS was predicted by analysts to be reported at 0.38/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 55.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PLD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Prologis Inc. go to -6.05%.
Prologis Inc. [PLD] Insider Position Details
There are presently around $69,098 million, or 97.80% of PLD stock, in the hands of institutional investors. The top three institutional holders of PLD stocks are: VANGUARD GROUP INC with ownership of 93,944,751, which is approximately -2.446% of the company’s market cap and around 0.52% of the total institutional ownership; BLACKROCK INC., holding 74,573,539 shares of the stock with an approximate value of $7.24 billion in PLD stocks shares; and STATE STREET CORP, currently with $4.18 billion in PLD stock with ownership of nearly -7.668% of the company’s market capitalization.
Positions in Prologis Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 496 institutional holders increased their position in Prologis Inc. [NYSE:PLD] by around 28,955,075 shares. Additionally, 388 investors decreased positions by around 27,853,434 shares, while 118 investors held positions by with 654,809,748 shares. The mentioned changes placed institutional holdings at 711,618,257 shares, according to the latest SEC report filing. PLD stock had 109 new institutional investments in for a total of 3,238,948 shares, while 57 institutional investors sold positions of 1,454,624 shares during the same period.