Shares of Prologis, Inc. (NYSE:PLD) [Trend Analysis] swings enthusiastically in regular trading session, it increase of 1.03% to close at $51.08. Prologis Inc. (PLD) and CBRE Global Investment Partners, a division of CBRE Global Investors reported the formation of a new development venture in the United Kingdom.
The venture, called Prologis UK Logistics Venture or UKLV, will pursue a develop-to-own strategy focusing on prime UK markets in the East and West Midlands, London and the South East. UKLV will acquire land, develop buildings and operate and hold logistics real estate.
The venture will be seeded with a 7.6 million square foot portfolio of stabilized properties, developments in progress and land, with an initial closing of approximately 3.9m square feet. UKLV will be structured as a 15/85 joint venture with 15 percent owned by Prologis and 85 percent owned by clients of CBRE Global Investment Partners, with total expected value of approximately 1 billion pounds or $1.26 billion. Moving forward to saw long-term intention, the experts calculate Return on Investment of 2.40%. The stock is going forward its fifty-two week low with 41.08% and lagging behind from its 52-week high price with -6.01%. PLD last month stock price volatility remained 1.85%.
The Royal Bank of Scotland Group plc (NYSE:RBS) [Trend Analysis] retains strong position in active trade, as shares scoring -5.59% to $5.91 in active trade session, while looking at the shares volume, around 2.1 Million shares have changed hands in this session. Royal Bank of Scotland Group PLC (RBS) declared that its net loss attributable to ordinary shareholders for the fourth-quarter winded to 4.441 billion pounds from 2.740 billion pounds in the fourth-quarter of 2015.
The latest-quarter result included a litigation and conduct charge of 4.128 billion pounds and restructuring costs of 1.007 billion pounds. Looking ahead, RBS plans to reduce adjusted operating expenses in the order of 2 billion pounds in the next four years with around two thirds of this from the core bank.
The company said it is targeting a gross RWA reduction of approximately 20 billion pounds across Personal & Business Banking or PBB, Commercial & Private Banking or CPB and NatWest Markets or NWM by the end of 2018, with some offsetting volume growth. It expects that the reduction will be largely achieved through improvements in the quality of risk models, exiting low return, non strategic and risk intensive asset pools, improved risk metrics in certain portfolios and benefits from data clean-up.
It estimates that the income loss associated with this reduction will be in the range 250 million pounds- 300 million pounds on an annualized, pre tax, basis. The firm has institutional ownership of 0.40%, while insider ownership included 68.60%. RBS attains analyst recommendation of 1.00 with week’s performance of -3.27%. Investors looking further ahead will note that the Price to next year’s EPS is 121.40%.