ProLogis (PLD) : 15 analysts are covering ProLogis (PLD) and their average rating on the stock is 2.17, which is read as a Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. ProLogis (PLD) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
ProLogis (PLD) has been rated by 14 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $59 and the lowest price target forecast is $48. The average forecast of all the analysts is $52.29 and the expected standard deviation is $3.47.
Company shares have received an average consensus rating of Hold for the current week ProLogis (NYSE:PLD): The stock opened at $54.39 on Thursday but the bulls could not build on the opening and the stock topped out at $54.47 for the day. The stock traded down to $53.73 during the day, due to lack of any buying support eventually closed down at $54.03 with a loss of -0.68% for the day. The stock had closed at $54.40 on the previous day. The total traded volume was 2,330,267 shares.
In a related news, Moghadam Hamid R, director officer (Chairman & CEO) of Prologis, Inc., unloaded 446,991 shares at an average price of $54.35 on July 29, 2016. The total amount of the transaction was worth $24,293,961, according to the disclosed information 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.