Prologis (PLD) Stock Price, News & Analysis

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Prologis in the last twelve months. There are currently 3 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PLD shares.
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13 Wall Street research analysts have issued twelve-month target prices for Prologis' shares. Their PLD share price targets range from $120.00 to $154.00. On average, they expect the company's share price to reach $137.86 in the next twelve months. This suggests a possible upside of 31.7% from the stock's current price.
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Prologis' stock was trading at $133.30 at the beginning of the year. Since then, PLD shares have decreased by 21.5% and is now trading at $104.67.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 16th 2024.
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Prologis, Inc. (NYSE:PLD) released its quarterly earnings data on Wednesday, January, 17th. The real estate investment trust reported $0.68 earnings per share for the quarter, missing analysts' consensus estimates of $1.26 by $0.58. The real estate investment trust had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.85 billion. Prologis had a net margin of 38.13% and a trailing twelve-month return on equity of 5.29%. The business's revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.24 earnings per share.
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Prologis announced a quarterly dividend on Thursday, February 22nd. Shareholders of record on Monday, March 18th will be paid a dividend of $0.96 per share on Friday, March 29th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend is Friday, March 15th. This is a boost from the stock's previous quarterly dividend of $0.87.
Read our dividend analysis for PLD.

Prologis (NYSE:PLD) pays an annual dividend of $3.84 per share and currently has a dividend yield of 3.35%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 116.72%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, PLD will have a dividend payout ratio of 62.24% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PLD.

ETFs with the largest weight of Prologis (NYSE:PLD) stock in their portfolio include Pacer Industrial Real Estate ETF (INDS), SP Funds S&P Global REIT Sharia ETF (SPRE), Real Estate Select Sector SPDR Fund (XLRE), SPDR Dow Jones REIT ETF (RWR), First Trust S&P REIT Index Fund (FRI), JPMorgan BetaBuilders MSCI US REIT ETF (BBRE), iShares Core U.S. REIT ETF (USRT) and Fidelity Real Estate Investment ETF (FPRO).

Prologis updated its FY24 earnings guidance on Wednesday, April, 17th. The company provided earnings per share (EPS) guidance of $5.45-5.55 for the period, compared to the consensus estimate of $5.50.

68 employees have rated Prologis Chief Executive Officer Hamid R. Moghadam on Glassdoor.com. Hamid R. Moghadam has an approval rating of 99% among the company's employees. This puts Hamid R. Moghadam in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Prologis investors own include NVIDIA (NVDA), Walt Disney (DIS), Cisco Systems (CSCO), Home Depot (HD), Salesforce (CRM), AbbVie (ABBV), Johnson & Johnson (JNJ), Alibaba Group (BABA), Visa (V) and AT&T (T).

Prologis' stock is owned by many different institutional and retail investors. Top institutional investors include AMF Tjanstepension AB (0.25%), Sarasin & Partners LLP (0.16%), Vaughan Nelson Investment Management L.P. (0.12%), Hazelview Securities Inc. (0.05%), Allspring Global Investments Holdings LLC (0.05%) and Gateway Investment Advisers LLC (0.03%). Insiders that own company stock include Avid Modjtabai, David P Oconnor, George L Fotiades, Hamid R Moghadam, Irving F Lyons III, James B Connor, Lydia H Kennard and William D Zollars.
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Shares of PLD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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