Shares of ProLogis (NYSE:PLD) Sees Large Inflow of Net Money Flow

ProLogis (NYSE:PLD) dropped by -0.05 or -0.03 points during the last session to $49.9 per share. One of the highlights of the day was the net money flow figure, which stood at $3.28 million even as the stock accepted $16.25 million in upticks but rejected $12.97 million in downticks. The up/down ratio for the last observation was a 1.25. The 1-week percentage change for the stock price is registered at 2.96%.A block transaction occurred with $3.48 million in upticks and $0 million in downticks while the up/down ratio was calculated to be 0. The stock witnessed a net inflow of $3.48 million at the end of the block trade.


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%. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Prologis, Inc., Losh J Michael had sold 14,380 shares worth of $675,429 in a transaction dated May 12, 2016. In this transaction, 14,380 shares were sold at $46.97 per share.

ProLogis (NYSE:PLD) : On Monday heightened volatility was witnessed in ProLogis (NYSE:PLD) which led to swings in the share price. The stock opened for trading at $50 and hit $50.41 on the upside , eventually ending the session at $49.98, with a gain of 0.12% or 0.06 points. The heightened volatility saw the trading volume jump to 2,950,906 shares. The 52-week high of the share price is $50.41 and the company has a market cap of $26,258 million. The 52-week low of the share price is at $35.25 .

Many analysts have stated their opinion on the company shares. Major Brokerage house, Evercore ISI downgrades its ratings on ProLogis (NYSE:PLD). In the latest research report, Evercore ISI raises the target price from $48 per share to $49 per share. According to the latest information available, the shares are now rated Hold by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on May 23, 2016.

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.

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