During the last session, Prologis Inc (NYSE:PLD)’s traded shares were 5.1 million, with the beta value of the company hitting 1.01. At the end of the trading day, the stock’s price was $124.74, reflecting an intraday gain of 0.04% or $0.05. The 52-week high for the PLD share is $137.52, that puts it down -10.25 from that peak though still a striking 22.53% gain since the share price plummeted to a 52-week low of $96.64. The company’s market capitalization is $116.46B, and the average intraday trading volume over the past 10 days was 3.15 million shares, and the average trade volume was 3.14 million shares over the past three months.
Prologis Inc (NYSE:PLD) trade information
Prologis Inc (PLD) registered a 0.04% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.04% in intraday trading to $124.74, hitting a weekly high. The stock’s 5-day price performance is -4.21%, and it has moved by -6.27% in 30 days. Based on these gigs, the overall price performance for the year is 0.53%. The short interest in Prologis Inc (NYSE:PLD) is 9.41 million shares and it means that shorts have 3.17 day(s) to cover.
Prologis Inc (PLD) estimates and forecasts
Statistics show that Prologis Inc has outperformed its competitors in share price, compared to the industry in which it operates. Prologis Inc (PLD) shares have gone up 15.05% during the last six months, with a year-to-date growth rate more than the industry average at -1.96% against -2.20. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 14.00% this quarter and then drop -51.90% in the quarter after that. In the rating firms’ projections, revenue will increase 13.20% compared to the previous financial year.
Revenue for the current quarter is expected to be $1.86 billion as predicted by 8 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to $1.9 billion by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $1.63 billion and $1.69 billion respectively. In this case, analysts expect current quarter sales to grow by 14.10% and then jump by 12.40% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 2.94%. While earnings are projected to return -19.34% in 2024, the next five years will return -6.05% per annum.
PLD Dividends
Prologis Inc is due to release its next quarterly earnings on April 17. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Prologis Inc is 3.57, with the dividend yield indicating at 2.86 percent, continuing the trend of increasing dividends in recent years.
Prologis Inc (NYSE:PLD)’s Major holders
Prologis Inc insiders own 0.30% of total outstanding shares while institutional holders control 96.24%, with the float percentage being 96.53%. Vanguard Group Inc is the largest shareholder of the company, while 2,019 institutions own stock in it. As of Jun 29, 2023, the company held over 120.04 million shares (or 12.99% of all shares), a total value of $14.72 billion in shares.
The next largest institutional holding, with 92.92 million shares, is of Blackrock Inc.’s that is approximately 10.06% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $11.4 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Prologis Inc (PLD) shares are Vanguard Specialized-Real Estate Index Fund and Vanguard Total Stock Market Index Fund. Data provided on Jul 30, 2023 indicates that Vanguard Specialized-Real Estate Index Fund owns about 38.91 million shares. This amounts to just over 4.21 percent of the company’s overall shares, with a $4.85 billion market value. The same data shows that the other fund manager holds slightly less at 28.8 million, or about 3.12% of the stock, which is worth about $3.53 billion.
