ProLogis (PLD) : Average target price received by ProLogis (PLD) is $49.73 with an expected standard deviation of $3.71. The most aggressive target on the stock is $57, whereas the most downbeat target is $43. 15 financial analysts are currently covering the stock.
ProLogis (PLD) reported a drop of 9.6% or 927,895 shares in its short interest. The short figure came in at 1.7% of the total floats. The average daily volume of 4,859,336 shares suggests that the days to cover 8,750,222 short positions, as on June 30,2016, will be 2. On June 15,2016, the short interest was 9,678,117 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, In a research note released to the investors, Citigroup maintains its rating on ProLogis (NYSE:PLD).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Citigroup raises the new price target from $47 per share to $50 per share. The rating by the firm was issued on July 7, 2016.
ProLogis (NYSE:PLD): stock turned positive on Thursday. Though the stock opened at $50.86, the bulls momentum made the stock top out at $51.025 level for the day. The stock recorded a low of $50.46 and closed the trading day at $50.96, in the green by 0.61%. The total traded volume for the day was 3,517,040. The stock had closed at $50.65 in the previous days trading.
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.