Prologis Inc. [NYSE: PLD] closed the trading session at $127.41 on 07/12/21. The day’s price range saw the stock hit a low of $125.8267, while the highest price level was $127.82. The company report on June 29, 2021 that Prologis to Announce Second Quarter 2021 Results July 19.
Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, will host a webcast and conference call with senior management to discuss second quarter results, current market conditions and future outlook on Monday, July 19, 2021, at 9:00 a.m. PT/12:00 p.m. ET.
To access a live broadcast of the call, please dial +1 (833) 968-2252 (toll-free from the United States and Canada) or +1 (778) 560-2807 (from all other countries) and enter conference code 2095953. A live webcast can be accessed from the Investor Relations section of www.prologis.com.
The stocks have a year to date performance of 27.84 percent and weekly performance of 5.27 percent. The stock has been moved at 31.89 percent over the last six months. The stock has performed 0.89 percent around the most recent 30 days and changed 16.00 percent over the most recent 3-months.
If compared to the average trading volume of 2.46M shares, PLD reached to a volume of 2711623 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about 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 $127.14 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 1.90. 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.
Wolfe Research have made an estimate for Prologis Inc. shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on June 15, 2021. While these analysts kept the previous recommendation, Raymond James raised their target price to Strong Buy. The new note on the price target was released on April 16, 2021, representing the official price target for Prologis Inc. stock. Previously, the target price had yet another raise to $121, while Evercore ISI analysts kept a Outperform rating on PLD stock.
The Average True Range (ATR) for Prologis Inc. is set at 2.01, with the Price to Sales ratio for PLD stock in the period of the last 12 months amounting to 20.08. The Price to Book ratio for the last quarter was 2.95, with the Price to Cash per share for the same quarter was set at 0.93. Price to Free Cash Flow for PLD in the course of the last twelve months was 78.64.
PLD stock trade performance evaluation
Prologis Inc. [PLD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.27. With this latest performance, PLD shares gained by 0.89% in over the last four-week period, additionally plugging by 31.89% over the last 6 months – not to mention a rise of 34.37% 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 67.95, with the RSI for the last a single of trading hit 73.89, and the three-weeks RSI is set at 65.30 for Prologis Inc. [PLD]. The present Moving Average for the last 50 days of trading for this stock 119.71, while it was recorded at 124.35 for the last single week of trading, and 107.03 for the last 200 days.
Prologis Inc. [PLD]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Prologis Inc. [PLD] shares currently have an operating margin of +28.07 and a Gross Margin at +38.45. Prologis Inc.’s Net Margin is presently recorded at +33.38.
Return on Total Capital for PLD is now 2.70, given the latest momentum, and Return on Invested Capital for the company is 3.54. Return on Equity for this stock inclined to 5.43, with Return on Assets sitting at 3.08. When it comes to the capital structure of this company, Prologis Inc. [PLD] has a Total Debt to Total Equity ratio set at 54.84. Additionally, PLD Total Debt to Total Capital is recorded at 35.42, with Total Debt to Total Assets ending up at 31.27. Long-Term Debt to Equity for the company is recorded at 53.77, with the Long-Term Debt to Total Capital now at 34.66.
Reflecting on the efficiency of the workforce at the company, Prologis Inc. [PLD] managed to generate an average of $761,858 per employee. Receivables Turnover for the company is 14.26 with a Total Asset Turnover recorded at a value of 0.09.
Earnings per share (EPS) analysis for Prologis Inc. [PLD] stock
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 Ownership positions
There are presently around $88,930 million, or 96.80% of PLD stock, in the hands of institutional investors. The top three institutional holders of PLD stocks are: VANGUARD GROUP INC with ownership of 94,650,321, which is approximately 1.678% of the company’s market cap and around 0.50% of the total institutional ownership; BLACKROCK INC., holding 75,006,319 shares of the stock with an approximate value of $9.56 billion in PLD stocks shares; and STATE STREET CORP, currently with $5.33 billion in PLD stock with ownership of nearly 0.06% of the company’s market capitalization.
Positions in Prologis Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 541 institutional holders increased their position in Prologis Inc. [NYSE:PLD] by around 27,124,141 shares. Additionally, 428 investors decreased positions by around 26,725,279 shares, while 131 investors held positions by with 644,131,637 shares. The mentioned changes placed institutional holdings at 697,981,057 shares, according to the latest SEC report filing. PLD stock had 114 new institutional investments in for a total of 3,000,005 shares, while 93 institutional investors sold positions of 3,042,492 shares during the same period.