ProLogis (NYSE:PLD) has tumbled 0.12% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 6.45% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 1.08% and the outperformance has advanced to 5.48% for the last 4 weeks period.
ProLogis (NYSE:PLD): The stock opened at $50.44 on Friday but the bulls could not build on the opening and the stock topped out at $50.44 for the day. The stock traded down to $49.63 during the day, due to lack of any buying support eventually closed down at $49.86 with a loss of -0.93% for the day. The stock had closed at $50.33 on the previous day. The total traded volume was 3,917,714 shares.
The company shares have rallied 27.13% from its 1 Year high price. On Jun 17, 2016, the shares registered one year high at $50.44 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $47.76 and the 200 Day Moving Average price is recorded at $43.09.
On the companys insider trading activities,The director of Prologis, Inc., Losh J Michael sold 14,380 shares at $46.97 on May 12, 2016. The Insider selling transaction had a total value worth of $675,429. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Evercore ISI downgrades their rating on the shares of ProLogis (NYSE:PLD). The current rating of the shares is Hold. Earlier, the shares were rated a Buy by the brokerage firm. Equity Analysts at the Firm raises the price target to $49 per share from $48 per share. The rating by the firm was issued on May 23, 2016. Currently the company Insiders own 1.29% of ProLogis shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -22.2% . Institutional Investors own 99.27% of ProLogis shares. During last six month period, the net percent change held by insiders has seen a change of -22.2%.
Prologis, Inc. is engaged in industrial logistics real estate, focused on markets across the Americas, Europe and Asia. The Company leases modern distribution facilities to more than 4,700 customers, including third-party logistics providers, transportation companies, retailers and manufacturers. The Companys business consists of two operating segments: Real Estate Operations and Strategic Capital. The Companys customer base represents a spectrum of international, national, regional and local distribution users. As of December 31, 2014, the Company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 590 million square feet (55 million square meters) in 21 countries.