ProLogis (PLD) : During the past 4 weeks, traders have been relatively bearish on ProLogis (PLD), hence the stock is down -3.34% 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 -0.77% relative to the S&P 500. The 4-week change in the price of the stock is -3.54% and the stock has fallen -1.43% in the past 1 week.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 2.54% and the fifty day Moving Average is 1.45%. Prologis, Inc. is up 11.41% in the last three month period. Year-to-Date the stock performance stands at 24.75%.
ProLogis (PLD) : The highest level ProLogis (PLD) is projected to reach is $59 for the short term and the lowest estimate is at $48. The consolidated price target from 14 rating analysts who initiate coverage on the stock is $52.86 and the possibility the share price can swing is $3.28.
ProLogis (NYSE:PLD): On Fridays trading session , Opening price of the stock was $53.47 with an intraday high of $53.67. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $52.09. However, the stock managed to close at $52.56, a loss of 1.41% for the day. On the previous day, the stock had closed at $53.31. The total traded volume of the day was 2,955,505 shares.
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.