Prologis (PLD) Getting Somewhat Favorable News Coverage, Report Finds

News headlines about Prologis (NYSE:PLD) have trended somewhat positive recently, Accern reports. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Prologis earned a daily sentiment score of 0.08 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 46.0853042425695 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the news articles that may have impacted Accern’s rankings:

Several equities analysts have commented on PLD shares. Citigroup raised shares of Prologis from a “neutral” rating to a “buy” rating and set a $72.00 target price on the stock in a research report on Friday, April 6th. BMO Capital Markets reissued a “buy” rating and set a $68.00 target price on shares of Prologis in a research report on Tuesday, April 17th. Jefferies Financial Group raised shares of Prologis from a “hold” rating to a “buy” rating in a research report on Thursday, April 12th. ValuEngine raised shares of Prologis from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, JPMorgan Chase & Co. raised shares of Prologis from a “neutral” rating to an “overweight” rating in a research report on Tuesday, March 27th. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Prologis currently has an average rating of “Buy” and a consensus target price of $68.94.

NYSE:PLD opened at $64.31 on Monday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $34.10 billion, a P/E ratio of 22.89, a P/E/G ratio of 4.30 and a beta of 0.82. Prologis has a 12 month low of $56.59 and a 12 month high of $67.53.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Tuesday, April 17th. The real estate investment trust reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.33. The company had revenue of $555.90 million for the quarter, compared to analysts’ expectations of $552.42 million. Prologis had a net margin of 67.65% and a return on equity of 9.86%. Prologis’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.63 EPS. sell-side analysts expect that Prologis will post 3 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Thursday, June 14th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, June 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.99%. Prologis’s dividend payout ratio (DPR) is presently 68.33%.

In related news, insider Michael S. Curless sold 14,568 shares of Prologis stock in a transaction that occurred on Thursday, June 7th. The shares were sold at an average price of $66.07, for a total value of $962,507.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director William D. Zollars sold 4,750 shares of the business’s stock in a transaction on Friday, June 15th. The shares were sold at an average price of $64.06, for a total transaction of $304,285.00. Following the sale, the director now directly owns 19,510 shares in the company, valued at approximately $1,249,810.60. The disclosure for this sale can be found here. Insiders sold a total of 41,121 shares of company stock worth $2,650,648 in the last ninety days. 1.31% of the stock is currently owned by insiders.

Prologis Company Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of March 31, 2018, 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 683 million square feet (63 million square meters) in 19 countries.

Insider Buying and Selling by Quarter for Prologis (NYSE:PLD)

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