Prologis (PLD) Receives News Impact Score of 0.17
News stories about Prologis (NYSE:PLD) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Prologis earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 46.5641904283806 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Prologis, Inc. (PLD) Ex-Dividend Date Scheduled for March 14, 2018 – Nasdaq (nasdaq.com)
- VNQ, SPG, EQIX, PLD: Large Inflows Detected at ETF – Nasdaq (nasdaq.com)
- Ex-Dividend Reminder: Prologis, Extra Space Storage and Universal Display – Nasdaq (nasdaq.com)
- Liberty Property Begins Development of Butts County Project (zacks.com)
- Bullish Two Hundred Day Moving Average Cross – PLD – Nasdaq (nasdaq.com)
A number of equities analysts have recently commented on PLD shares. Zacks Investment Research lowered shares of Prologis from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Evercore ISI upgraded shares of Prologis from an “in-line” rating to an “outperform” rating in a research note on Monday, December 4th. JPMorgan Chase & Co. downgraded shares of Prologis from an “overweight” rating to a “neutral” rating and set a $66.00 target price on the stock. in a research note on Friday, December 15th. BMO Capital Markets set a $68.00 price target on shares of Prologis and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Finally, Barclays reissued an “overweight” rating and set a $72.00 price objective on shares of Prologis in a report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $67.56.
Prologis (NYSE:PLD) last released its quarterly earnings data on Tuesday, January 23rd. The real estate investment trust reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.01. Prologis had a return on equity of 9.12% and a net margin of 63.11%. The firm had revenue of $550.65 million during the quarter, compared to the consensus estimate of $533.54 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company’s quarterly revenue was down 1.6% on a year-over-year basis. equities analysts anticipate that Prologis will post 2.91 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be given a $0.48 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $1.92 annualized dividend and a yield of 3.03%. This is a boost from Prologis’s previous quarterly dividend of $0.44. Prologis’s payout ratio is currently 57.52%.
In related news, Director William D. Zollars sold 4,020 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $60.48, for a total transaction of $243,129.60. Following the sale, the director now directly owns 20,225 shares in the company, valued at approximately $1,223,208. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Lori A. Palazzolo sold 4,900 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $65.89, for a total value of $322,861.00. The disclosure for this sale can be found here. Insiders have sold a total of 70,872 shares of company stock worth $4,646,598 in the last ninety days. Insiders own 1.31% of the company’s stock.
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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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