News coverage about Prologis (NYSE:PLD) has been trending somewhat positive on Friday, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Prologis earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 46.4848662282666 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Is Prologis, Inc. (PLD) Overbought ? – Times Money (thetimesmoney.org)
- Prologis, Inc. (PLD) Needs Strong Boost to Get Active Moment in Street – Stock News Stop (stockmarketstop.com)
- Hair-Raising Facts to Know – Prologis, Inc. (NYSE: PLD) – Alpha Beta Stock (alphabetastock.com)
- $0.66 EPS Expected for Prologis Inc (PLD) This Quarter (americanbankingnews.com)
- Oppenheimer Asset Management Trimmed Prologis (PLD) Position By $464436; 3 Analysts Bullish Bioblast Pharma … – Hill Country Times (hillcountrytimes.com)
Prologis (NYSE PLD) traded down $0.05 during trading on Friday, reaching $62.56. The company’s stock had a trading volume of 2,825,617 shares, compared to its average volume of 2,034,075. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.53. Prologis has a twelve month low of $48.33 and a twelve month high of $67.53. The company has a market capitalization of $33,310.00, a P/E ratio of 18.79, a price-to-earnings-growth ratio of 4.07 and a beta of 0.92.
The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Monday, December 18th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend was Friday, December 15th. Prologis’s dividend payout ratio (DPR) is 52.85%.
Several brokerages recently weighed in on PLD. Evercore ISI raised Prologis from an “in-line” rating to an “outperform” rating in a research note on Monday, December 4th. JPMorgan Chase & Co. cut Prologis from an “overweight” rating to a “neutral” rating and set a $66.00 price target on the stock. in a research note on Friday, December 15th. Citigroup upped their price target on Prologis from $63.00 to $66.00 and gave the stock a “neutral” rating in a research note on Thursday, October 19th. KeyCorp upped their price target on Prologis from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Monday, October 16th. Finally, BMO Capital Markets began coverage on Prologis in a research note on Monday, September 11th. They issued an “outperform” rating and a $69.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $66.57.
In other news, insider Lori A. Palazzolo sold 4,900 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $65.89, for a total transaction of $322,861.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Edward S. Nekritz sold 15,752 shares of the company’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $64.51, for a total value of $1,016,161.52. Following the transaction, the insider now directly owns 146,414 shares in the company, valued at $9,445,167.14. The disclosure for this sale can be found here. Insiders sold 99,852 shares of company stock worth $6,600,519 over the last three months. Corporate insiders own 1.31% of the company’s stock.
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Prologis Company Profile
Prologis, Inc is a real estate investment trust (REIT) company. The Company is engaged in logistics real estate business. The Company’s segments include Real Estate Operations and Strategic Capital. The Real estate operations segment consists of rental operations and development. The Company’s strategic capital segment includes asset management services, as well as services performed for unconsolidated co-investment ventures.
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