Prologis Inc. [NYSE: PLD] gained 0.15% or 0.18 points to close at $120.01 with a heavy trading volume of 4388870 shares. The company report on March 3, 2023 that Prologis to Participate in Industry Conferences.
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Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today announced that Hamid Moghadam, co-founder, chairman and CEO; Dan Letter, president; and Tim Arndt, chief financial officer are scheduled to participate in the Citi 2023 Global Property CEO Conference at The Diplomat Beach Resort in Hollywood, Florida.
Moghadam, Letter and Arndt will give a company overview, including a discussion of market conditions and the company’s future outlook, followed by an informal question-and-answer session, on Monday, March 6, at 3:00 p.m. ET/12:00 p.m. PT.
It opened the trading session at $118.245, the shares rose to $121.285 and dropped to $117.98, the range by which the price of stock traded the whole day. The daily chart for PLD points out that the company has recorded -4.05% loss over the past six months. However, it is still -22.42% lower than its most recent low trading price.
If we look at the average trading volume of 2.98M shares, PLD reached to a volume of 4388870 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $142.89 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 1.80. 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.
JP Morgan have made an estimate for Prologis Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 16, 2022. While these analysts kept the previous recommendation, BofA Securities raised their target price to Buy. The new note on the price target was released on October 24, 2022, representing the official price target for Prologis Inc. stock. Previously, the target price had yet another drop from $137 to $116, while Scotiabank kept a Sector Outperform rating on PLD stock.
The Average True Range (ATR) for Prologis Inc. is set at 3.31, with the Price to Sales ratio for PLD stock in the period of the last 12 months amounting to 19.24. The Price to Book ratio for the last quarter was 2.08, with the Price to Cash per share for the same quarter was set at 0.29. Price to Free Cash Flow for PLD in the course of the last twelve months was 80.57.
Trading performance analysis for PLD stock
Prologis Inc. [PLD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.04. With this latest performance, PLD shares dropped by -7.18% in over the last four-week period, additionally sinking by -4.05% over the last 6 months – not to mention a drop of -19.55% 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 43.13, with the RSI for the last a single of trading hit 41.48, and the three-weeks RSI is set at 45.37 for Prologis Inc. [PLD]. The present Moving Average for the last 50 days of trading for this stock 124.02, while it was recorded at 119.30 for the last single week of trading, and 119.39 for the last 200 days.
Prologis Inc. [PLD]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Prologis Inc. [PLD] shares currently have an operating margin of +39.62 and a Gross Margin at +44.39. Prologis Inc.’s Net Margin is presently recorded at +56.33.
Return on Equity for this stock inclined to 7.77, with Return on Assets sitting at 4.60.
Prologis Inc. [PLD]: An earnings per share (EPS) analysis
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%.
An analysis of insider ownership at Prologis Inc. [PLD]
There are presently around $103,281 million, or 79.60% of PLD stock, in the hands of institutional investors. The top three institutional holders of PLD stocks are: VANGUARD GROUP INC with ownership of 121,813,945, which is approximately 0.03% of the company’s market cap and around 0.32% of the total institutional ownership; BLACKROCK INC., holding 90,772,274 shares of the stock with an approximate value of $10.89 billion in PLD stocks shares; and STATE STREET CORP, currently with $7.41 billion in PLD stock with ownership of nearly -0.666% of the company’s market capitalization.
Positions in Prologis Inc. stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 769 institutional holders increased their position in Prologis Inc. [NYSE:PLD] by around 38,273,213 shares. Additionally, 581 investors decreased positions by around 66,769,704 shares, while 131 investors held positions by with 755,563,334 shares. The mentioned changes placed institutional holdings at 860,606,251 shares, according to the latest SEC report filing. PLD stock had 208 new institutional investments in for a total of 4,485,308 shares, while 147 institutional investors sold positions of 14,078,776 shares during the same period.