Prologis, Inc. (NYSE:PLD) Plans Quarterly Dividend of $1.07

Key Points

• Prologis declared a quarterly dividend of $1.07 per share, payable September 30 to shareholders of record on September 16. The dividend represents an annualized payout of $4.28 and a yield of approximately 3.1%.
• Although Prologis has increased its dividend for 12 consecutive years, its current 132.1% payout ratio exceeds earnings coverage. Analysts expect improved coverage next year, with projected earnings of $6.65 per share and a payout ratio of 64.4%.
• Prologis exceeded quarterly earnings and revenue estimates, reporting $1.13 in EPS and $2.43 billion in revenue, while revenue rose 11% year over year. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $154.52.

Prologis, Inc. (NYSE:PLD - Get Free Report) announced a quarterly dividend on Wednesday, September 2nd. Stockholders of record on Wednesday, September 16th will be given a dividend of 1.07 per share by the real estate investment trust on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Wednesday, September 16th.

Prologis has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 12 years. Prologis has a dividend payout ratio of 132.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Prologis to earn $6.65 per share next year, which means the company should continue to be able to cover its $4.28 annual dividend with an expected future payout ratio of 64.4%.

Prologis Stock Performance

NYSE:PLD opened at $136.60 on Thursday. The stock has a market cap of $127.46 billion, a PE ratio of 30.42 and a beta of 1.30. Prologis has a fifty-two week low of $110.51 and a fifty-two week high of $153.35. The firm's fifty day simple moving average is $142.16 and its 200-day simple moving average is $140.61. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.63.

Prologis (NYSE:PLD - Get Free Report) last released its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.38. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The firm had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same period last year, the business posted $1.46 EPS. Prologis's quarterly revenue was up 11.0% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Analysts expect that Prologis will post 6.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PLD has been the subject of several recent analyst reports. Barclays lifted their target price on shares of Prologis from $139.00 to $156.00 and gave the stock an "overweight" rating in a research note on Thursday, July 16th. Scotiabank lifted their price target on Prologis from $146.00 to $150.00 and gave the company a "sector perform" rating in a report on Thursday, July 23rd. Royal Bank Of Canada raised shares of Prologis from a "sector perform" rating to an "outperform" rating and upped their price objective for the company from $148.00 to $160.00 in a research note on Tuesday, August 4th. Wells Fargo & Company cut their price objective on shares of Prologis from $167.00 to $166.00 and set an "overweight" rating on the stock in a report on Tuesday. Finally, Wall Street Zen raised shares of Prologis from a "sell" rating to a "hold" rating in a research report on Saturday, July 18th. Sixteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $154.52.

About Prologis

Prologis, Inc is a real estate investment trust (REIT) specializing in logistics and distribution facilities. The company focuses on acquiring, developing, and managing high-quality industrial real estate assets that support supply chain infrastructure for third-party logistics providers, e-commerce businesses, retailers and manufacturers. Its portfolio primarily consists of warehouse and distribution centers designed to optimize goods movement and storage near key transportation hubs.

With a global presence, Prologis serves customers across the Americas, Europe and Asia Pacific.

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