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S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Asian markets sink, with Japan’s Nikkei down 3.5%, as Mideast tensions flare
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
These are the Top 4 Stocks for Buybacks in 2024
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Asian markets sink, with Japan’s Nikkei down 3.5%, as Mideast tensions flare
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
These are the Top 4 Stocks for Buybacks in 2024
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Asian markets sink, with Japan’s Nikkei down 3.5%, as Mideast tensions flare
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
These are the Top 4 Stocks for Buybacks in 2024
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China

Prologis (PLD) Stock Price, News & Analysis

$104.67
-1.82 (-1.71%)
(As of 04/18/2024 ET)
Today's Range
$103.61
$106.29
50-Day Range
$104.67
$135.07
52-Week Range
$96.64
$137.52
Volume
6.31 million shs
Average Volume
3.39 million shs
Market Capitalization
$96.82 billion
P/E Ratio
31.81
Dividend Yield
3.67%
Price Target
$140.00

Prologis MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
33.8% Upside
$140.00 Price Target
Short Interest
Healthy
1.10% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.89
Upright™ Environmental Score
News Sentiment
0.19mentions of Prologis in the last 14 days
Based on 46 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.

4.94 out of 5 stars

Finance Sector

27th out of 822 stocks

Real Estate Investment Trusts Industry

3rd out of 176 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 Stock Leading U.S. Logistics Boom
The U.S. real estate sector has been one of the worst-performing spaces in the past 12 months. The Vanguard Real Estate ETF NYSEARCA: VNQ fell behind the broader S&P 500 index by as much as 24% during this period.
Prologis Stock Leading U.S. Logistics Boom
Logistics and warehousing real estate may come in handy during the manufacturing boom coming to U.S, markets. Prologis stock is the outlier as a bull pick.
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Prologis Unusual Options Activity
30 Countries with Carbon Tax in the World
Prologis (NYSE:PLD) Price Target Lowered to $135.00 at Barclays
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Prologis (NYSE:PLD) Shares Gap Down Following Analyst Downgrade
Stocks Fall as More Earnings Roll In
Prologis Reports First Quarter Results
Prologis: Q1 Earnings Snapshot
Prologis Q1 Results Top Estimates
Prologis (PLD) Q1 FFO Meet Estimates
Prologis Down In Pre-market On Reduced Outlook
Why Prologis Shares Are Trading Lower Today
Prologis Reports First Quarter Results
See More Headlines
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Company Calendar

Last Earnings
1/17/2024
Ex-Dividend for 3/29 Dividend
3/15/2024
Dividend Payable
3/29/2024
Today
4/18/2024
Next Earnings (Estimated)
7/16/2024
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
$140.00
High Stock Price Target
$170.00
Low Stock Price Target
$120.00
Potential Upside/Downside
+34.8%
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
$4.95 per share
Book Value
$62.51 per share

Miscellaneous

Free Float
920,423,000
Market Cap
$96.92 billion
Optionable
Optionable
Beta
1.00

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Should I Buy Prologis Stock? PLD Pros and Cons Explained

Pros

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

  • Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets, providing a strong competitive advantage in the industry.
  • The company owns or has investments in properties and development projects totaling approximately 1.2 billion square feet in 19 countries, indicating a widespread and diversified real estate portfolio.
  • Prologis leases modern logistics facilities to a diverse base of approximately 6,700 customers, ensuring a stable and broad revenue stream.
  • With a focus on high-growth markets, Prologis is well-positioned to capitalize on the increasing demand for logistics real estate driven by e-commerce growth and supply chain optimization.
  • Recent positive stock analyst ratings and institutional investor holdings indicate confidence in the company's performance and potential growth.

Cons

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

  • Real estate investment trusts (REITs) like Prologis are subject to interest rate risk, as rising interest rates can negatively impact the value of real estate assets and increase borrowing costs.
  • The industrial REIT subindustry, where Prologis operates, may face challenges during economic downturns or disruptions in global trade, affecting demand for logistics real estate.
  • Market volatility and economic uncertainties can impact the performance of real estate investments, including those held by Prologis, leading to fluctuations in stock prices.
  • Investing in real estate involves risks related to property market conditions, regulatory changes, and potential environmental liabilities that could affect Prologis' operations and financial performance.
  • It is essential for investors to consider the current stock price of Prologis and evaluate whether it aligns with their investment goals and risk tolerance before making investment decisions.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, April 12, 2024. Please send any questions or comments about these Prologis pros and cons to contact@marketbeat.com.

PLD Stock Analysis - Frequently Asked Questions

Should I buy or sell Prologis stock right now?

14 Wall Street 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 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 brokers have issued twelve-month target prices for Prologis' stock. Their PLD share price targets range from $120.00 to $170.00. On average, they anticipate the company's share price to reach $140.00 in the next year. This suggests a possible upside of 33.8% 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 21.5% and is now trading at $104.67.
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 Tuesday, July 16th 2024.
View our PLD earnings forecast
.

How were Prologis' earnings last quarter?

Prologis, Inc. (NYSE:PLD) released its quarterly earnings results on Wednesday, January, 17th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.26 by $0.58. The real estate investment trust earned $1.89 billion during the quarter, compared to analyst estimates of $1.85 billion. Prologis had a trailing twelve-month return on equity of 5.29% and a net margin of 38.13%. The company's quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company 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. Stockholders 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 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
.

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 3.35%. 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.

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

Prologis issued an update on 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 earnings per share estimate of $5.50.

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 number of 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.
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 4/18/2024 by MarketBeat.com Staff

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