Prologis (NYSE:PLD) stock observed trading -3.65% off 52-week high price. On the other end, the stock has been noted 35.92% away from low price over the last 52-weeks. The stock disclosed a move of 2.71% away from 50 day moving average and 10.90% away from 200 day moving average. Moving closer, we can see that shares have been trading 0.64% off 20-day moving average. It has market cap of $61.14B and dividend yield of 2.27%.

On Feb. 4, 2020, Prologis (NYSE:PLD) the global leader in logistics real estate, notified that it has completed its all-stock acquisition of Liberty Property Trust (NYSE: LPT) for $13.0 billion, including the assumption of debt. In connection with the transaction, each share of Liberty common stock was converted into the right to receive 0.675 shares of Prologis common stock.

The Liberty transaction expands Prologis’ presence in a number of key logistics markets, including Lehigh Valley, Chicago, Houston, Central PA, New Jersey and Southern California.

The acquisition on an owned and managed basis comprises:

  • 108 million square foot logistics operating portfolio
  • 9 million square feet of logistics development in progress
  • 1,748 acres of land for future logistics development with build-out potential of 20.5 million square feet
  • 8 million square foot office operating and development portfolio

The acquired Liberty portfolio is very complementary to our own in many markets, said Prologis chairman and CEO Hamid R. Moghadam. By adding Liberty’s portfolio to ours, we expand our footprint in important locations and benefit from immediate operational cost savings.

The USA based company Prologis moved with change of 1.69% to $93.42 with the total traded volume of 4370671 shares in recent session versus to an average volume of 3.05M. The stock was observed in the 5 days activity at -2.24%. The one month performance of stock was 4.51%. PLD’s shares are at 6.84% for the quarter and driving a 34.13% return over the course of the past year and is now at 4.80% since this point in 2018.  Right now the stock beta is 1.05. The average volatility for the week and month was at 2.32% and 1.73% respectively. There are 654.43M shares outstanding and 627.81M shares are floated in market.

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