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After finishing at $114.74 in the prior trading day, Prologis Inc (NYSE: PLD) closed at $106.49, down -7.19%. In other words, the price has decreased by -$7.19 from its previous closing price. On the day, 10.82 million shares were traded. PLD stock price reached its highest trading level at $111.5 during the session, while it also had its lowest trading level at $105.56.
Ratios:
Our goal is to gain a better understanding of PLD by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 187.45 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.24. In the meantime, Its Debt-to-Equity ratio is 0.60 whereas as Long-Term Debt/Eq ratio is at 0.59.
On December 18, 2023, JP Morgan Upgraded its rating to Overweight which previously was Neutral and also upped its target price recommendation from $123 to $148.
Mizuho Downgraded its Buy to Neutral on December 05, 2023, whereas the target price for the stock was revised from $140 to $125.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 21 ’23 when Connor James B. sold 21,419 shares for $130.40 per share. The transaction valued at 2,793,038 led to the insider holds 0 shares of the business.
Connor James B. sold 103,331 shares of PLD for $13,763,689 on Dec 20 ’23. The Director now owns 21,419 shares after completing the transaction at $133.20 per share. On Aug 01 ’23, another insider, FOTIADES GEORGE L, who serves as the Director of the company, sold 10,711 shares for $123.98 each. As a result, the insider received 1,327,908 and left with 0 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PLD now has a Market Capitalization of 98508357632 and an Enterprise Value of 139953340416. As of this moment, Prologis’s Price-to-Earnings (P/E) ratio for their current fiscal year is 33.53, and their Forward P/E ratio for the next fiscal year is 31.51. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.39 while its Price-to-Book (P/B) ratio in mrq is 1.90. Its current Enterprise Value per Revenue stands at 16.8 whereas that against EBITDA is 23.815.
Stock Price History:
Over the past 52 weeks, PLD has reached a high of $137.52, while it has fallen to a 52-week low of $96.64. The 50-Day Moving Average of the stock is -17.65%, while the 200-Day Moving Average is calculated to be -12.80%.
Shares Statistics:
The stock has traded on average 3.29M shares per day over the past 3-months and 4850220 shares per day over the last 10 days, according to various share statistics. A total of 924.39M shares are outstanding, with a floating share count of 921.39M. Insiders hold about 1.31% of the company’s shares, while institutions hold 95.14% stake in the company. Shares short for PLD as of 1711584000 were 10132579 with a Short Ratio of 3.08, compared to 1709164800 on 9129321. Therefore, it implies a Short% of Shares Outstanding of 10132579 and a Short% of Float of 1.43.
Dividends & Splits
In the trailing 12 months, PLD’s forward annual dividend rate was 3.48, compared to 3.57 this year. The stock’s 5-year Average Dividend Yield is 2.35.
Earnings Estimates
Prologis Inc (PLD) is currently under the scrutiny of SPDR Gold Trust analysts, each contributing to the ongoing evaluation of its stock.The consensus estimate for the next quarter is $106.49, with high estimates of $267.79 and low estimates of $113.43.
Analysts are recommending an EPS of between $Energy and $Consumer Cyclical for the fiscal current year, implying an average EPS of $Real Estate.
