Prologis, Inc. (NYSE:PLD) registered a -3.32% decrease, still its new closing price is 44.67% up from the company’s 1 year high of 54.35.It posted -6.32% losses in previous 5 sessions and is now the subject of 8 analysts who together assign a hold rating on stock. 1 of Wall Street analysts have an underperform rating; the 0 sells versus 4 buy or better ratings. The 20 stock analysts following this company have an average price target at $15.46, with individual PT in the $13.00-$18.50 range. The shares moved at $49.25, implying that brokerage firms see shares gaining about 31.16% in twelve months time.
Prologis, Inc. (PLD) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -6.71% fall year to date. A CEO, Europe and Asia at Prologis, Inc. (PLD) offloaded shares in a transaction closed on Friday August 12, 2016. Anderson Gary E sold 33,043 shares in the company at $54.28 each and collected $1,793,001 in proceeds. Anderson Gary E now owns 1,663 shares in the company after this transaction. A Chairman & CEO in the company, MOGHADAM HAMID R, disclosed a transaction on Friday July 29, 2016 that ended up generating $24,293,001 from the sale of 446,991 shares at $54.35 per share.
Prologis, Inc. (NYSE:PLD) Upcoming Results on Tap
Prologis, Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.63 in that period. Sales during the quarter are predicted to arrive at $567.61 million.
Earnings surprise history: Last quarter, the company posted approximately $559.89 million in revenue and EPS of $0.63. The mean forecast was for $562.42 million and $0.63 a share, respectively. One quarter earlier, revenue for the stock was at $560.28 million, with earnings at $0.73/share.
Prologis, Inc. (PLD) Brokerage Update
Prologis, Inc. (PLD) is in Robert W. Baird’s research list so their analyst rating change is noteworthy. These shares were upgraded to Outperform from Neutral by Robert W. Baird, according to news reported on Monday November 28, 2016.Another important research note was issued by CapitalOne on Monday October 17, 2016.The firm upgraded PLD to Equal Weight from Underweight. Over the last six months and over the last three months, the shares of Prologis, Inc. (PLD), have changed -6.65% and -4.66%, respectively.