Research Analysts Set Expectations for Prologis, Inc.’s Q2 2022 Earnings (NYSE:PLD)

Prologis, Inc. (NYSE:PLD – Get Rating) – Equities researchers at Jefferies Financial Group reduced their Q2 2022 earnings per share estimates for shares of Prologis in a research note issued on Tuesday, May 10th. Jefferies Financial Group analyst J. Petersen now expects that the real estate investment trust will earn $1.09 per share for the quarter, down from their prior forecast of $1.11. Jefferies Financial Group also issued estimates for Prologis’ Q3 2022 earnings at $1.78 EPS, Q1 2023 earnings at $1.22 EPS, Q4 2023 earnings at $1.47 EPS and FY2025 earnings at $6.47 EPS.

Prologis (NYSE:PLD – Get Rating) last released its earnings results on Tuesday, April 19th. The real estate investment trust reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.99. The business had revenue of $1.08 billion during 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 for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.97 earnings per share.

Other research analysts also recently issued research reports about the stock. StockNews.com downgraded shares of Prologis from a “buy” rating to a “hold” rating in a research report on Wednesday, April 20th. Royal Bank of Canada lifted their price objective on shares of Prologis from $164.00 to $170.00 in a research report on Monday, January 24th. Truist Financial lifted their price objective on shares of Prologis from $158.00 to $166.00 in a research report on Tuesday, January 18th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Prologis from $179.00 to $184.00 and gave the company a “buy” rating in a research report on Friday, April 22nd. Finally, Wells Fargo & Company lifted their price objective on shares of Prologis from $172.00 to $184.00 in a research report on Thursday, April 28th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $175.75.

Shares of PLD opened at $123.74 on Thursday. The firm has a 50-day moving average of $157.93 and a 200-day moving average of $154.65. Prologis has a one year low of $112.00 and a one year high of $174.54. The company has a market cap of $91.60 billion, a PE ratio of 24.80, a price-to-earnings-growth ratio of 2.95 and a beta of 0.82. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.59 and a quick ratio of 1.59.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Thursday, June 16th will be paid a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 2.55%. The ex-dividend date is Wednesday, June 15th. Prologis’s dividend payout ratio (DPR) is 63.33%.

In other news, Director Irving F. Lyons III sold 44,385 shares of the business’s stock in a transaction that occurred on Monday, April 25th. The shares were sold at an average price of $164.60, for a total value of $7,305,771.00. Following the completion of the transaction, the director now directly owns 22,431 shares in the company, valued at approximately $3,692,142.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William D. Zollars sold 1,350 shares of the business’s stock in a transaction that occurred on Friday, March 25th. The shares were sold at an average price of $155.68, for a total transaction of $210,168.00. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.

Large investors have recently modified their holdings of the company. Retirement Planning Co of New England Inc. acquired a new position in shares of Prologis in the 4th quarter valued at approximately $25,000. American National Bank acquired a new position in shares of Prologis in the 1st quarter valued at approximately $26,000. William Allan LLC acquired a new position in shares of Prologis in the 4th quarter valued at approximately $27,000. Richwood Investment Advisors LLC acquired a new position in shares of Prologis in the 4th quarter valued at approximately $27,000. Finally, M&R Capital Management Inc. raised its position in shares of Prologis by 245.1% in the 1st quarter. M&R Capital Management Inc. now owns 176 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 125 shares in the last quarter. Institutional investors own 93.53% 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.

See Also