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Prologis Inc (PLD) Analysis & Opinions from Experts

Prologis Inc (NYSE: PLD) is -5.79% lower on its value in year-to-date trading and has touched a low of $96.64 and a high of $137.52 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PLD stock was last observed hovering at around $127.92 in the last trading session, with the day’s loss setting it -2.34%.

Currently trading at $125.58, the stock is -3.81% and -3.79% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.19 million and changing -1.83% at the moment leaves the stock 2.91% off its SMA200. PLD registered 3.00% gain for a year compared to 6-month gain of 11.92%. The firm has a 50-day simple moving average (SMA 50) of $18.11 and a 200-day simple moving average (SMA200) of $22.12.

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The stock witnessed a -6.70% loss in the last 1 month and extending the period to 3 months gives it a -5.79%, and is -1.22% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.79% over the week and 1.82% over the month.

Prologis Inc (PLD) has around 2574 employees, a market worth around $117.23B and $8.02B in sales. Current P/E ratio is 39.54 and Fwd P/E is 37.25. Profit margin for the company is 38.06%. Distance from 52-week low is 29.95% and -8.68% from its 52-week high. The company has generated returns on investments over the last 12 months (3.62%).

Prologis Inc quarterly earnings per share for the current quarter are estimated at $0.57 with sales reaching $1.86B over the same period.The EPS is expected to shrink by -19.49% this year, but quarterly earnings will post 13.00% year-over-year. Quarterly sales are estimated to grow 14.10% in year-over-year returns.

Prologis Inc (PLD) Top Institutional Holders

2,019 institutions hold shares in Prologis Inc (PLD), with institutional investors hold 96.54% of the company’s shares. The shares outstanding are 924.39M, and float is at 920.25M with Short Float at 1.02%. Institutions hold 96.25% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 120.04 million shares valued at $14.72 billion. The investor’s holdings represent 12.99% of the PLD Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 92.92 million shares valued at $11.4 billion to account for 10.06% of the shares outstanding. The other top investors are State Street Corporation which holds 61.11 million shares representing 6.61% and valued at over $7.49 billion, while Cohen & Steers Inc. holds 3.87% of the shares totaling 35.76 million with a market value of $4.39 billion.

Prologis Inc (PLD) Insider Activity

The most recent transaction is an insider sale by Connor James B.,the company’sDirector. SEC filings show that Connor James B. sold 21,419 shares of the company’s common stock on Dec 21 ’23 at a price of $130.40 per share for a total of $2.79 million. Following the sale, the insider now owns 0.0 shares.

Prologis Inc disclosed in a document filed with the SEC on Dec 20 ’23 that Connor James B. (Director) sold a total of 103,331 shares of the company’s common stock. The trade occurred on Dec 20 ’23 and was made at $133.20 per share for $13.76 million. Following the transaction, the insider now directly holds 21419.0 shares of the PLD stock.

Still, SEC filings show that on Aug 01 ’23, FOTIADES GEORGE L (Director) disposed off 10,711 shares at an average price of $123.98 for $1.33 million. The insider now directly holds 0 shares of Prologis Inc (PLD).

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