Grassi Investment Management held its position in shares of Prologis Inc (NYSE:PLD) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. Nisa Investment Advisors LLC now owns 213,447 shares of the company's stock valued at $11,428,000 after buying an additional 8,461 shares during the period. Moreover, Pioneer Invest Mgmt has 0.04% invested in Prologis Inc (NYSE:PLD). Gulf International Bank UK Ltd now owns 157,858 shares of the company's stock valued at $8,451,000 after buying an additional 1,400 shares during the period. Hsbc Holdings PLC boosted its stake in shares of ProLogis by 6.0% in the third quarter. Bridgewater Wealth & Financial Management LLC purchased a new position in shares of Prologis during the third quarter worth $210,000. State of Alaska Department of Revenue increased its position in shares of Prologis by 15.1% in the third quarter. The average true range of the stock is observed at 0.82 and the relative strength index of the stock is recorded at 77.87.
The risk now is that the stock is overbought, but as of this moment, the price is moving abruptly higher, through resistance, and the bulls are leading the charge.
Prologis (NYSE:PLD) has a 50 day moving average of 51.12 and a 200 day moving average of 51.1. The stock has a market cap of $28.06 billion, a PE ratio of 23.14 and a beta of 1.10.
Prologis (NYSE:PLD) last announced its earnings results on Tuesday, January 24th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.63 by $0.00. Prologis had a return on equity of 6.62% and a net margin of 47.76%. The company earned $620 million during the quarter, compared to analysts' expectations of $221.07 million. During the same quarter in the previous year, the firm earned $0.64 EPS. Likewise, the upbeat performance for the last quarter was 1.84% and for the full year it was 27.51%.
Prologis, Inc. (PLD) now has a consensus Price Target of $54.06. The ex-dividend date of this dividend was Monday, March 13th. Now it is offering a dividend yield of 3.28% and a 5 year dividend growth rate of 9.39%. Prologis's dividend payout ratio (DPR) is 74.67%. After $0.63 actual earnings per share reported by Prologis Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth. We can set aside oscillators, stochastics, and any other precise measure of momentum, this is easy to see: Prologis Inc has a five bull (highest rated) technical rating and may be having a technical breakout right now because it's trading through resistance.
A number of research analysts recently issued reports on PLD shares. Finally, Zacks Investment Research upgraded shares of Prologis from a "hold" rating to a "buy" rating and set a $59.00 target price on the stock in a research report on Wednesday, December 21st. The shares have slowed down in recent weeks, with their price down about -0.09% in the past three months.
The share price of the company (NYSE:PLD) was up +0.70% during the last trading session, with a high of 54.72 and the volume of ProLogis, Inc. shares traded was 3089459. Prologis now has an average rating of "Buy" and a consensus target price of $53.76.
Over the last twelve months Prologis's stock price has increased from 42.51 to 54.86, a change of 29.05%. The stock was sold at an average price of $50.72, for a total value of $3,550,400.00. Zurcher Kantonalbank Zurich Cantonalbank now owns 268,433 shares of the company's stock valued at $14,372,000 after buying an additional 44,461 shares during the last quarter. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of Prologis Inc (NYSE:PLD) have been given an average recommendation of "Buy" by the nineteen analysts that are covering the firm. The stock was sold at an average price of $51.45, for a total value of $4,344,129.30. Creative Planning now owns 2,009 shares of the company's stock valued at $104,000 after buying an additional 234 shares during the period. The disclosure for this sale can be found here.
In related news, insider Edward S. Nekritz sold 84,434 shares of the company's stock in a transaction that occurred on Monday, March 20th. The Firm is engaged in logistics real estate business.