Prologis (NYSE:PLD) Releases FY 2022 Earnings Guidance

Prologis (NYSE:PLDGet 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:PLDGet 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.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Friday, March 18th were paid a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 1.88%. The ex-dividend date was Thursday, March 17th. This is an increase from Prologis’s previous quarterly dividend of $0.63. Prologis’s dividend payout ratio (DPR) is currently 63.33%.

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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Earnings History and Estimates for Prologis (NYSE:PLD)

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