Prologis (NYSE:PLD – Get Rating) issued an update on its FY 2022 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $4.500-$4.560 for the period. The company issued revenue guidance of -.
Shares of PLD opened at $167.73 on Tuesday. Prologis has a twelve month low of $112.00 and a twelve month high of $174.54. The company has a market cap of $124.15 billion, a P/E ratio of 33.61, a P/E/G ratio of 3.85 and a beta of 0.87. The company has a current ratio of 0.65, a quick ratio of 0.44 and a debt-to-equity ratio of 0.48. The company’s fifty day simple moving average is $156.83 and its 200-day simple moving average is $153.93.
Prologis (NYSE:PLD – Get Rating) last posted its quarterly earnings results on Tuesday, April 19th. The real estate investment trust reported $1.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.99. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.09 billion. Prologis had a net margin of 77.08% and a return on equity of 9.98%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.97 EPS. Analysts predict that Prologis will post 5.14 earnings per share for the current fiscal year.
PLD has been the topic of several recent analyst reports. BTIG Research raised their price target on shares of Prologis from $161.00 to $193.00 and gave the stock a buy rating in a research note on Tuesday, April 12th. Wells Fargo & Company lowered their price target on shares of Prologis from $175.00 to $172.00 and set an overweight rating on the stock in a report on Tuesday, March 15th. The Goldman Sachs Group raised their price target on shares of Prologis from $184.00 to $209.00 in a research report on Friday, January 21st. Truist Financial lifted their target price on shares of Prologis from $158.00 to $166.00 in a report on Tuesday, January 18th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Prologis from $179.00 to $184.00 and gave the company a buy rating in a report on Friday. Two analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Buy and an average price target of $174.75.
In related news, Director William D. Zollars sold 1,350 shares of the business’s stock in a transaction dated Friday, March 25th. The shares were sold at an average price of $155.68, for a total value of $210,168.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.70% of the company’s stock.
A number of large investors have recently modified their holdings of PLD. Morgan Stanley increased its stake in shares of Prologis by 30.6% during the second quarter. Morgan Stanley now owns 6,634,236 shares of the real estate investment trust’s stock worth $792,990,000 after buying an additional 1,552,532 shares during the period. Toroso Investments LLC raised its position in Prologis by 24.4% in the fourth quarter. Toroso Investments LLC now owns 36,192 shares of the real estate investment trust’s stock worth $6,093,000 after acquiring an additional 7,107 shares in the last quarter. Kingsview Wealth Management LLC purchased a new position in shares of Prologis in the fourth quarter valued at $474,000. Crestwood Advisors Group LLC purchased a new position in shares of Prologis in the fourth quarter valued at $354,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Prologis during the fourth quarter valued at $303,000. Institutional investors own 92.93% of the company’s stock.
About Prologis (Get Rating)
Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2020, 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 984 million square feet (91 million square meters) in 19 countries.
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