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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?

Prologis (PLD) Stock Price, News & Analysis

$130.18
+1.32 (+1.02%)
(As of 03/28/2024 ET)
Today's Range
$129.11
$130.54
50-Day Range
$125.14
$135.07
52-Week Range
$96.64
$137.52
Volume
3.68 million shs
Average Volume
3.14 million shs
Market Capitalization
$120.42 billion
P/E Ratio
39.57
Dividend Yield
2.95%
Price Target
$141.67

Prologis MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
8.8% Upside
$141.67 Price Target
Short Interest
Healthy
1.02% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.19
Upright™ Environmental Score
News Sentiment
0.41mentions of Prologis in the last 14 days
Based on 14 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
12.18%
From $5.50 to $6.17 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.50 out of 5 stars

Finance Sector

130th out of 850 stocks

Real Estate Investment Trusts Industry

21st out of 179 stocks

PLD stock logo

About Prologis Stock (NYSE:PLD)

Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At December 31, 2023, 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. Prologis leases modern logistics facilities to a diverse base of approximately 6,700 customers principally across two major categories: business-to-business and retail/online fulfillment.

PLD Stock Price History

PLD Stock News Headlines

Prologis (NYSE:PLD) Price Target Lowered to $141.00 at Barclays
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Prologis' (PLD) In-Line Rating Reaffirmed at Evercore ISI
Evaluating Prologis: Insights From 6 Financial Analysts
PLD Apr 2024 135.000 put
PLD Apr 2024 95.000 put
PLD Apr 2024 140.000 put
PLD Apr 2024 140.000 call
Here are the Investor Updates from Prologis (PLD)
Is Prologis Stock a Buy?
See More Headlines
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Company Calendar

Ex-Dividend for 12/29 Dividend
12/15/2023
Dividend Payable
12/29/2023
Last Earnings
1/17/2024
Ex-Dividend for 3/29 Dividend
3/15/2024
Today
3/28/2024
Dividend Payable
3/29/2024
Next Earnings (Confirmed)
4/17/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Industrial REITs
CUSIP
74340W10
Employees
2,574
Year Founded
1983

Price Target and Rating

Average Stock Price Target
$141.67
High Stock Price Target
$170.00
Low Stock Price Target
$120.00
Potential Upside/Downside
+9.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
14 Analysts

Profitability

Net Income
$3.06 billion
Pretax Margin
43.18%

Debt

Sales & Book Value

Annual Sales
$8.02 billion
Cash Flow
$5.58 per share
Book Value
$62.51 per share

Miscellaneous

Free Float
920,423,000
Market Cap
$119.21 billion
Optionable
Optionable
Beta
1.00

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Should I Buy Prologis Stock? PLD Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Prologis was last updated on Tuesday, March 26, 2024 at 10:07 PM.

Pros

Here are some ways that investors could benefit from investing in Prologis, Inc.:

  • Prologis, Inc. is the global leader in logistics real estate, focusing on high-barrier, high-growth markets, which can provide stable and potentially high returns.
  • The company owns or has investments in properties totaling approximately 1.2 billion square feet in 19 countries, indicating a strong global presence and diversification.
  • Prologis leases modern logistics facilities to a diverse base of customers, including business-to-business and retail/online fulfillment, showcasing a broad customer base and revenue streams.
  • Recent developments show positive analyst recommendations for Prologis (NYSE:PLD), indicating confidence in the company's performance and potential growth.
  • Investing in Prologis offers exposure to the real estate investment trusts (REITs) industry, which can provide investors with regular income streams and potential capital appreciation.

Cons

Investors should be bearish about investing in Prologis, Inc. for these reasons:

  • Market volatility and economic uncertainties can impact the real estate sector, potentially affecting Prologis' performance and stock price.
  • Changes in interest rates can influence the cost of financing for real estate companies like Prologis, potentially affecting profitability.
  • Global geopolitical events and trade tensions may impact international markets where Prologis operates, leading to risks for investors.
  • Investing in industrial REITs like Prologis may be subject to specific industry risks, such as changes in demand for logistics real estate or regulatory challenges.
  • While Prologis has a strong market position, competition in the real estate sector could pose challenges for the company's growth and profitability.

PLD Stock Analysis - Frequently Asked Questions

Should I buy or sell Prologis stock right now?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Prologis in the last twelve months. There are currently 3 hold ratings, 10 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.
View PLD analyst ratings
or view top-rated stocks.

What is Prologis' stock price target for 2024?

14 Wall Street research analysts have issued 12-month price targets for Prologis' shares. Their PLD share price targets range from $120.00 to $170.00. On average, they expect the company's share price to reach $141.67 in the next twelve months. This suggests a possible upside of 8.8% from the stock's current price.
View analysts price targets for PLD
or view top-rated stocks among Wall Street analysts.

How have PLD shares performed in 2024?

Prologis' stock was trading at $133.30 at the beginning of the year. Since then, PLD stock has decreased by 2.3% and is now trading at $130.22.
View the best growth stocks for 2024 here
.

When is Prologis' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 17th 2024.
View our PLD earnings forecast
.

How can I listen to Prologis' earnings call?

Prologis will be holding an earnings conference call on Wednesday, April 17th at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 201-612-7415 with passcode "13745294".

How were Prologis' earnings last quarter?

Prologis, Inc. (NYSE:PLD) issued its earnings results on Wednesday, January, 17th. The real estate investment trust reported $0.68 EPS for the quarter, missing the consensus estimate of $1.26 by $0.58. The real estate investment trust had revenue of $1.89 billion for the quarter, compared to the consensus estimate 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 quarter in the prior year, the business earned $1.24 EPS.
Read the conference call transcript
.

How often does Prologis pay dividends? What is the dividend yield for Prologis?

Prologis announced a quarterly dividend on Thursday, February 22nd. Investors 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 annualized dividend and a yield of 2.95%. The ex-dividend date is Friday, March 15th. This is a positive change from the stock's previous quarterly dividend of $0.87.
Read our dividend analysis for PLD
.

Is Prologis a good dividend stock?

Prologis (NYSE:PLD) pays an annual dividend of $3.84 per share and currently has a dividend yield of 3.07%. 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.

What guidance has Prologis issued on next quarter's earnings?

Prologis updated its FY 2024 earnings guidance on Thursday, January, 18th. The company provided earnings per share (EPS) guidance of 5.420-5.560 for the period, compared to the consensus estimate of 5.600. The company issued revenue guidance of -.

What is Hamid R. Moghadam's approval rating as Prologis' CEO?

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.

What other stocks do shareholders of Prologis own?

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).

Who are Prologis' major shareholders?

Prologis' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (12.92%), Cohen & Steers Inc. (3.31%), Massachusetts Financial Services Co. MA (1.78%), Nuveen Asset Management LLC (1.49%), Legal & General Group Plc (1.47%) and Dimensional Fund Advisors LP (1.39%). 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.
View institutional ownership trends
.

How do I buy shares of Prologis?

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.
Compare Top Brokerages Here.

Does Prologis have any subsidiaries?
The following companies are subsidiares of Prologis: AMB Asia LLC, AMB HFC LP, DCT Industrial, DCT Industrial TRS Inc., DCT Industrial Value Fund I Inc., IMD Holding Corporation, Industrial Property Trust, KTR Capital Partners, Liberty L.P., Liberty Property Trust, Liberty Property Trust UK Ltd, PLD Finance Management BV, PLD Finance Management LLC, PLD International Finance LLC, PLD International Holding L.P., PLD-TRS Holding LLC, Palmtree Acquisition Corporation, Prologis 2 L.P., Prologis B.V., Prologis Brazil Logistics Partners Fund I L.P., Prologis California Inc., Prologis Directorship BV, Prologis Directorship II BV, Prologis Directorship Sarl, Prologis Japan Management LLC, Prologis L.P., Prologis Logistics Services Incorporated, Prologis Management LLC, Prologis Management Services Sarl, Prologis NA3 REIT II LLC, Prologis North American Industrial Fund II L.P., Prologis Park Bradford Management Company Limited, Prologis Park Bromford Gate Management Company Limited, Prologis Park Littlebrook Management Company Limited, Prologis Park Midpoint 2 Management Company Limited, Prologis Park Ryton Management Company Limited, Prologis RFI DIRFT Management Limited, Prologis UK Financial Services Limited, Prologis UK Holdings S.A., Prologis UK Limited, Prologis USLV Operating Partnership L.P., Prologis de Mexico S.A. de C.V., and Solutions Insurance Ltd..
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This page (NYSE:PLD) was last updated on 3/28/2024 by MarketBeat.com Staff

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