Prologis Inc (NYSE: PLD)’s stock price has gone rise by 0.84 in comparison to its previous close of 110.07, however, the company has experienced a 8.31% increase in its stock price over the last five trading days. Seeking Alpha reported 2023-11-20 that Buying leading companies in industries with unstoppable trends on their side is a formula for success as a dividend growth investor. Prologis continued to display industry leadership in its third quarter results, growing core FFO per share excluding net promote income at a double-digit rate. Thanks to its A-rated balance sheet, the industrial REIT recently issued $1.4 billion in debt at a mind-blowingly cheap cost.
Is It Worth Investing in Prologis Inc (NYSE: PLD) Right Now?
The price-to-earnings ratio for Prologis Inc (NYSE: PLD) is above average at 35.45x, while the 36-month beta value is 1.03.Analysts have differing opinions on the stock, with 19 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
The average price point forecasted by analysts for Prologis Inc (PLD) is $133.67, which is $22.67 above the current market price. The public float for PLD is 919.28M, and currently, short sellers hold a 1.14% ratio of that floaft. The average trading volume of PLD on November 21, 2023 was 3.06M shares.
PLD’s Market Performance
PLD stock saw an increase of 8.31% in the past week, with a monthly gain of 8.37% and a quarterly increase of -8.28%. The volatility ratio for the week is 2.19%, and the volatility levels for the last 30 days are 2.09% for Prologis Inc (PLD). The simple moving average for the last 20 days is 6.96% for PLD’s stock, with a simple moving average of -7.30% for the last 200 days.
Analysts’ Opinion of PLD
Many brokerage firms have already submitted their reports for PLD stocks, with Exane BNP Paribas repeating the rating for PLD by listing it as a “Outperform.” The predicted price for PLD in the upcoming period, according to Exane BNP Paribas is $141 based on the research report published on July 20, 2023 of the current year 2023.
PLD Trading at 1.54% from the 50-Day Moving Average
After a stumble in the market that brought PLD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -18.78% of loss for the given period.
Volatility was left at 2.09%, however, over the last 30 days, the volatility rate increased by 2.19%, as shares surge +10.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.14% lower at present.
During the last 5 trading sessions, PLD rose by +8.31%, which changed the moving average for the period of 200-days by -15.67% in comparison to the 20-day moving average, which settled at $104.28. In addition, Prologis Inc saw -1.53% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at PLD starting from FOTIADES GEORGE L, who sale 10,711 shares at the price of $123.98 back on Aug 01. After this action, FOTIADES GEORGE L now owns 0 shares of Prologis Inc, valued at $1,327,908 using the latest closing price.
OCONNOR DAVID P, the Director of Prologis Inc, purchase 9,000 shares at $114.13 during a trade that took place back on Nov 28, which means that OCONNOR DAVID P is holding 9,000 shares at $1,027,170 based on the most recent closing price.
Stock Fundamentals for PLD
Current profitability levels for the company are sitting at:
- +39.62 for the present operating margin
- +44.39 for the gross margin
The net margin for Prologis Inc stands at +56.33. The total capital return value is set at 3.36, while invested capital returns managed to touch 5.14. Equity return is now at value 6.78, with 3.94 for asset returns.
Based on Prologis Inc (PLD), the company’s capital structure generated 50.51 points at debt to equity in total, while total debt to capital is 33.56. Total debt to assets is 30.59, with long-term debt to equity ratio resting at 50.50. Finally, the long-term debt to capital ratio is 33.52.
When we switch over and look at the enterprise to sales, we see a ratio of 16.39, with the company’s debt to enterprise value settled at 0.21. The receivables turnover for the company is 9.70 and the total asset turnover is 0.08.
In a nutshell, Prologis Inc (PLD) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.