Prologis Inc (NYSE: PLD) is -14.40% lower on its value in year-to-date trading and has touched a low of $101.11 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 $115.83 in the last trading session, with the day’s loss setting it -1.73%.
Currently trading at $114.10, the stock is -2.92% and -6.79% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.2 million and changing -1.49% at the moment leaves the stock -5.37% off its SMA200. PLD registered 10.48% gain for a year compared to 6-month gain of 5.96%. The firm has a 50-day simple moving average (SMA 50) of $122.6898 and a 200-day simple moving average (SMA200) of $120.64185.
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The stock witnessed a -5.11% loss in the last 1 month and extending the period to 3 months gives it a -6.99%, and is 0.21% up 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 2.20% over the week and 2.19% over the month.
Prologis Inc (PLD) has around 2574 employees, a market worth around $109.85B and $7.89B in sales. Current P/E ratio is 35.15 and Fwd P/E is 39.68. Profit margin for the company is 39.01%. Distance from 52-week low is 12.85% and -17.03% from its 52-week high. The company has generated returns on investments over the last 12 months (3.58%).
The EPS is expected to shrink by -0.66% this year.
Prologis Inc (PLD) Top Institutional Holders
2051.0 institutions hold shares in Prologis Inc (PLD), with institutional investors hold 95.31% of the company’s shares. The shares outstanding are 924.39M, and float is at 922.40M with Short Float at 1.06%. Institutions hold 95.04% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 120.84 million shares valued at $13.57 billion. The investor’s holdings represent 13.0595% of the PLD Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 94.54 million shares valued at $10.62 billion to account for 10.2174 of the shares outstanding. The other top investors are STATE STREET CORP which holds 56.65 million shares representing 6.1217% and valued at over $6.36 billion, while JPMORGAN CHASE & CO holds 3.6946 of the shares totaling 34.19 million with a market value of $3.84 billion.
Prologis Inc (PLD) Insider Activity
The most recent transaction is an insider sale by Ghazal Joseph, the company’s Chief Investment Officer. SEC filings show that Ghazal Joseph sold 5,200 shares of the company’s common stock on Aug 23 ’24 at a price of $129.07 per share for a total of $0.67 million. Following the sale, the insider now owns 13187.0 shares.
Still, SEC filings show that on Dec 20 ’23, Connor James B. (Director) disposed off 103,331 shares at an average price of $133.20 for $13.76 million. The insider now directly holds 21,419 shares of Prologis Inc (PLD).
