Prologis (PLD) Projected to Post Quarterly Earnings on Wednesday

Prologis (NYSE:PLD) is anticipated to issue its quarterly earnings data before the market opens on Wednesday, April 16th. Analysts expect the company to announce earnings of $1.38 per share and revenue of $1.99 billion for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Prologis Stock Performance

Shares of PLD opened at $98.00 on Tuesday. The stock has a 50 day moving average of $112.93 and a 200 day moving average of $113.79. The company has a market capitalization of $90.84 billion, a price-to-earnings ratio of 24.50, a PEG ratio of 2.70 and a beta of 1.20. Prologis has a 12 month low of $85.35 and a 12 month high of $132.57. The company has a current ratio of 0.75, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53.

Prologis Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th were given a dividend of $1.01 per share. The ex-dividend date was Tuesday, March 18th. This is a positive change from Prologis’s previous quarterly dividend of $0.96. This represents a $4.04 annualized dividend and a dividend yield of 4.12%. Prologis’s dividend payout ratio (DPR) is currently 101.00%.

Wall Street Analysts Forecast Growth

PLD has been the subject of a number of research analyst reports. Raymond James restated a “market perform” rating on shares of Prologis in a report on Monday, February 3rd. BNP Paribas raised shares of Prologis to a “strong-buy” rating in a report on Wednesday, January 22nd. BTIG Research dropped their price objective on Prologis from $154.00 to $134.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Royal Bank of Canada raised their target price on Prologis from $125.00 to $128.00 and gave the stock a “sector perform” rating in a research report on Monday, January 27th. Finally, Truist Financial upped their price target on Prologis from $121.00 to $123.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Prologis presently has an average rating of “Moderate Buy” and an average price target of $126.78.

Insider Buying and Selling

In other news, CIO Joseph Ghazal sold 10,997 shares of Prologis stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $118.74, for a total transaction of $1,305,783.78. Following the completion of the sale, the executive now owns 7,977 shares in the company, valued at approximately $947,188.98. This trade represents a 57.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Prologis

A hedge fund recently raised its stake in Prologis stock. Brighton Jones LLC raised its stake in Prologis, Inc. (NYSE:PLD) by 629.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,475 shares of the real estate investment trust’s stock after buying an additional 15,078 shares during the period. Brighton Jones LLC’s holdings in Prologis were worth $1,847,000 at the end of the most recent quarter. 93.50% of the stock is owned by institutional investors.

Prologis Company Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At March 31, 2024, 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 1.2 billion square feet (115 million square meters) in 19 countries.