Prologis (PLD) Receives News Impact Rating of 0.18
Media coverage about Prologis (NYSE:PLD) has trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Prologis earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 46.9466085065336 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news headlines that may have impacted Accern’s scoring:
- Prologis Inc (PLD) Expected to Post Quarterly Sales of $539.01 Million (americanbankingnews.com)
- Exclusive: Amazon eyes new warehouse in Brazil e-commerce push – sources (finance.yahoo.com)
- Prologis to build 2 large warehouses near airport – Orlando Business Journal (bizjournals.com)
- Prologis Inc (PLD) Director William D. Zollars Sells 4,020 Shares (americanbankingnews.com)
- Brokerages Anticipate Prologis Inc (PLD) to Announce $0.72 Earnings Per Share (americanbankingnews.com)
Several equities analysts have recently weighed in on the stock. KeyCorp reiterated a “buy” rating and issued a $72.00 target price on shares of Prologis in a research note on Thursday, December 21st. Cantor Fitzgerald set a $69.00 target price on shares of Prologis and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Barclays lifted their target price on shares of Prologis from $61.00 to $64.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. BMO Capital Markets set a $68.00 target price on shares of Prologis and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Finally, Robert W. Baird lifted their target price on shares of Prologis from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $67.06.
Prologis (NYSE:PLD) last issued its quarterly earnings data on Tuesday, January 23rd. The real estate investment trust reported $0.67 EPS for the quarter, beating the consensus estimate of $0.66 by $0.01. The company had revenue of $550.65 million during the quarter, compared to analysts’ expectations of $533.54 million. Prologis had a net margin of 63.11% and a return on equity of 9.11%. Prologis’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.63 earnings per share. equities analysts forecast that Prologis will post 2.9 EPS for the current year.
In other Prologis news, Director William D. Zollars sold 4,020 shares of Prologis stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $60.48, for a total transaction of $243,129.60. Following the completion of the sale, the director now directly owns 20,225 shares in the company, valued at $1,223,208. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Eugene F. Reilly sold 15,000 shares of Prologis stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $66.61, for a total transaction of $999,150.00. Following the sale, the chief executive officer now owns 63,365 shares of the company’s stock, valued at $4,220,742.65. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 103,872 shares of company stock valued at $6,843,648. 1.31% of the stock is owned by corporate insiders.
Prologis Company Profile
Prologis, Inc is a real estate investment trust (REIT) company. The Company is engaged in logistics real estate business. The Company’s segments include Real Estate Operations and Strategic Capital. The Real estate operations segment consists of rental operations and development. The Company’s strategic capital segment includes asset management services, as well as services performed for unconsolidated co-investment ventures.
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