ProLogis (PLD) : During the past 4 weeks, traders have been relatively bearish on ProLogis (PLD), hence the stock is down -1.47% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.57% relative to the S&P 500. The 4-week change in the price of the stock is -3.47% and the stock has fallen -0.04% in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.15% and the 50-Day Moving Average is 1.77%.The 200 Day SMA reached 14.09% Prologis, Inc. is up 4.08% in the last 3-month period. Year-to-Date the stock performance stands at 23.17%.
ProLogis (PLD) : The consensus price target for ProLogis (PLD) is $53.71 for the short term with a standard deviation of $3.38. The most optimist securities analyst among the 14 who monitor the stock believes that the stock can reach $59, however, the pessimist price target for the company is $48.
Company shares have received an average consensus rating of Hold for the current week ProLogis (NYSE:PLD): The stock opened at $50.94 and touched an intraday high of $51.53 on Friday. During the day, the stock corrected to an intraday low of $50.78, however, the bulls stepped in and pushed the price higher to close in the green at $51.47 with a gain of 0.41% for the day. The total traded volume for the day was 4,221,321. The stock had closed at $51.47 in the previous trading session.
Prologis, Inc. is engaged in industrial logistics real estate, focused on markets across the Americas, Europe and Asia. The Company leases modern distribution facilities to more than 4,700 customers, including third-party logistics providers, transportation companies, retailers and manufacturers. The Companys business consists of two operating segments: Real Estate Operations and Strategic Capital. The Companys customer base represents a spectrum of international, national, regional and local distribution users. As of December 31, 2014, 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 590 million square feet (55 million square meters) in 21 countries.