News stories about Prologis (NYSE:PLD) have been trending somewhat positive on Wednesday, Accern reports. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Prologis earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 46.4009900960054 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- $0.74 EPS Expected for Prologis Inc (PLD) This Quarter (americanbankingnews.com)
- 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)
PLD has been the subject of several research analyst reports. Barclays restated an “overweight” rating and set a $72.00 price target on shares of Prologis in a research report on Friday, February 16th. Robert W. Baird increased their price objective on Prologis from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Jefferies Group reiterated a “neutral” rating on shares of Prologis in a research note on Wednesday, January 24th. Cantor Fitzgerald set a $69.00 price target on Prologis and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Finally, BMO Capital Markets set a $68.00 target price on Prologis and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $67.56.
Prologis (NYSE:PLD) last announced its quarterly earnings data on Tuesday, January 23rd. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.01. Prologis had a net margin of 63.11% and a return on equity of 9.12%. The company had revenue of $550.65 million during the quarter, compared to analysts’ expectations of $533.54 million. During the same period in the previous year, the company earned $0.63 EPS. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. research analysts anticipate that Prologis will post 2.91 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.04%. This is a boost from Prologis’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Wednesday, March 14th. Prologis’s dividend payout ratio is 57.52%.
In related news, insider Edward S. Nekritz sold 15,752 shares of the stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $64.51, for a total transaction of $1,016,161.52. Following the sale, the insider now owns 146,414 shares in the company, valued at $9,445,167.14. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Lori A. Palazzolo sold 4,900 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $65.89, for a total transaction of $322,861.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 70,872 shares of company stock valued at $4,646,598. 1.31% of the stock is currently owned by corporate insiders.
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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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