ProLogis (NYSE:PLD) : 15 Wall Street analysts covering ProLogis (NYSE:PLD) believe that the average level the stock could reach for the short term is $49.4. The maximum price target given is $55 and the minimum target for short term is around $43, hence the standard deviation is calculated at $3.22.
Other Equity analysts have also commented 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.
ProLogis (NYSE:PLD): stock turned positive on Thursday. Though the stock opened at $50.36, the bulls momentum made the stock top out at $50.57 level for the day. The stock recorded a low of $49.88 and closed the trading day at $50.09, in the green by 0.12%. The total traded volume for the day was 3,817,382. The stock had closed at $50.03 in the previous days trading.
The company shares have rallied 31.28% from its 1 Year high price. On Jun 20, 2016, the shares registered one year high at $50.74 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $48.13 and the 200 Day Moving Average price is recorded at $43.26. 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.
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.