ProLogis (NYSE:PLD) has tumbled 1.12% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 3.84% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.1% and the outperformance has advanced to 2.55% for the last 4 weeks period. Prologis, Inc. is up 7.53% in the last 3-month period. Year-to-Date the stock performance stands at 3.83%. The company shares have rallied 2.73% from its 1 Year high price. On Apr 4, 2016, the shares registered one year high at $44.78 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $41.56 and the 200 Day Moving Average price is recorded at $41.13.
Investment Firm, Baltimore-washington Financial Advisors sold out all of its stake in PLD during the fourth quarter. The investment firm sold 325 shares of PLD which is valued $13,809. Also, Graybill Bartz & Assoc Ltd cut down its position in PLD by selling 2,012 shares or 2.66% during the fourth quarter. The investment management company now holds 73,592 shares of PLD which is valued at $3,126,924. PLD makes up approx 2.77% of Graybill Bartz & Assoc Ltd s portfolio.
ProLogis (NYSE:PLD) : On Friday heightened volatility was witnessed in ProLogis (NYSE:PLD) which led to swings in the share price. The stock opened for trading at $43.87 and hit $44.57 on the upside , eventually ending the session at $44.12, with a gain of 1.08% or 0.47 points. The heightened volatility saw the trading volume jump to 2,268,924 shares. The 52-week high of the share price is $44.78 and the company has a market cap of $23,153 million. The 52-week low of the share price is at $35.25 .
Many analysts have stated their opinion on the company shares. Credit Suisse assumes its rating on ProLogis (NYSE:PLD). The global brokerage major announces a current price target of $48 per share. Analysts at the Credit Suisse have a current rating of Outperform on the shares. The rating by the firm was issued on March 16, 2016.
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.