Setting 52 Week High, Prologis Inc (NYSE:PLD) Finishes At $66.86

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Prologis Inc (NYSE:PLD)

December 5th, 2018
Amidst falling markets Prologis Inc fell $1.79 Tuesday, down 2.61%, closing at $66.86. Despite the drop in price it hit a new 52 week high of $68.95.

PLD was outperformed by the rest of the Real Estate sector which went down only 1.26%.
Prologis Inc is listed on the S&P 500 index, and was one of 467 stocks that fell today. Weighted by market cap, PLD represents about 0.15% of the S&P 500.

Expectations from 17 analysts points to the possibility that Prologis Inc could go up somewhat (6.90%), while Finbox has calculated (with medium uncertainty) a fair value price of $51.74.

Market Sectors

The market sectors were mixed Wednesday with a majority of the sectors trending down. Utilities saw the biggest increase of the day (0.15%), while Financials saw the biggest drop (4.40%). Healthcare has seen the biggest year-to-date gain at 13%. The biggest loss this year has been the Communication Services sector falling 13%.

Utilities saw the biggest turnaround from its 5-day performance of 2.31%, as it went up 0.15%. Industrials and Consumer Discretionary both saw turn arounds from their five day positive performance, Industrials with a drop of 4.35%.

Sector Breakdown

  • Utilities went up with a 0.15% change.
  • Real Estate went down with a -1.26% change.
  • Consumer Staples went down with a -1.63% change.
  • Healthcare went down with a -2.30% change.
  • Energy went down with a -2.93% change.
  • Materials went down with a -3.08% change.
  • Communication Services went down with a -3.14% change.
  • Information Technology went down with a -3.86% change.
  • Consumer Discretionary went down with a -3.91% change.
  • Industrials went down with a -4.35% change.
  • Financials went down with a -4.40% change.

Prologis Inc Info

Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of June 30, 2018, 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 685 million square feet (64 million square meters) in 19 countries. Prologis leases modern distribution facilities to a diverse base of approximately 5,000 customers across two major categories: business-to-business and retail/online fulfillment.

All amounts in USD unless otherwise indicated

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PLD daily update


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