Could Prologis Inc. (NYSE: PLD) Deliver Exceptional Returns? – Marketing Sentinel
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Could Prologis Inc. (NYSE: PLD) Deliver Exceptional Returns?

In the last trading session, 2.68 million shares of the Prologis Inc. (NYSE:PLD) were traded, and its beta was 0.76. Most recently the company’s share price was $132.29, and it changed around $3.35 or 2.60% from the last close, which brings the market valuation of the company to $98.44B. PLD currently trades at a discount to its 52-week high of $139.60, offering almost -5.53% off that amount. The share price’s 52-week low was $93.08, which indicates that the current value has risen by an impressive 29.64% since then. We note from Prologis Inc.’s average daily trading volume that its 10-day average is 1.94 million shares, with the 3-month average coming to 2.23 million.

Prologis Inc. stock received a consensus recommendation rating of an Overweight, based on a mean score of 1.90. If we narrow it down even further, the data shows that 0 out of 22 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 7 recommended PLD as a Hold, whereas 15 deemed it a Buy, and 0 rated it as Underweight. Prologis Inc. is expected to report earnings per share of $0.52 for the current quarter.

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Prologis Inc. (NYSE:PLD) trade information

Instantly PLD has showed a green trend with a performance of 2.60% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 132.96 on Tuesday, 10/12/21 increased the stock’s daily price by 0.5%. The company’s shares are currently up 32.74% year-to-date, but still up 4.63% over the last five days. On the other hand, Prologis Inc. (NYSE:PLD) is -0.37% up in the 30-day period. We can see from the shorts that 9.49 million shares have been sold at a short interest cover period of 4.53 day(s).

The consensus price target as assigned by Wall Street analysts is $145.18, which translates to bulls needing to increase their stock price by 8.88% from its current value. Analyst projections state that PLD is forecast to be at a low of $132.00 and a high of $166.00. In order for the stock price to hit the forecast high, the stock would need to plunge -25.48% from its current level, while the stock would need to crash 0.22% from its current level to reach the projected low.

Prologis Inc. (PLD) estimates and forecasts

Prologis Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 20.64 percent over the past six months and at a 7.11% annual growth rate that is well above the industry average of 2.20%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain 30.00% in revenue this quarter, and will report an increase of 42.10% in the next quarter. The year-over-year growth rate is expected to be 8.70%, up from the previous year.

Consensus estimates provided by 7 financial analysts predict the company will bring in an average of $1.03 billion in revenue for the current quarter. 7 analysts expect Prologis Inc. to make $1.05 billion in revenue for the quarter ending Dec 2021. The company’s sales for the same quarters a year ago were $955.77 million and $987.81 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 8.00%. Forecasts for the next quarter put sales growth at 6.60%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 4.20%. Prologis Inc. earnings are expected to increase by -18.50% in 2021, but the outlook is negative -6.05% per year for the next five years.

PLD Dividends

Prologis Inc.’s next quarterly earnings report is expected to be released around October 18 and October 22. The annual dividend yield of the stock is 1.90 percent and its annual dividend per share was 2.52. It is important to note, however, that the 1.90% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 2.62 per year.

Prologis Inc. (NYSE:PLD)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.52% of Prologis Inc. shares, and 97.35% of them are in the hands of institutional investors. The stock currently has a share float of 97.86%. Prologis Inc. stock is held by 1,550 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Jun 29, 2021, it held 12.91% of the shares, which is about 95.4 million shares worth $11.4 billion.

Blackrock Inc., with 10.10% or 74.63 million shares worth $8.92 billion as of Jun 29, 2021, holds the second largest percentage of outstanding shares.

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Vanguard Specialized-Real Estate Index Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Apr 29, 2021. The former held 33.42 million shares worth $3.89 billion, making up 4.52% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 20.9 million shares worth around $2.5 billion, which represents about 2.83% of the total shares outstanding.

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