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

Key Points

• Prologis will pay a quarterly dividend of $1.07 per share (ex-dividend and record date: June 16; payable June 30), equal to an annualized $4.28 and a yield of about 3.1%.
• The company’s reported payout ratio is currently 132.1%, indicating dividends are being covered by the balance sheet today, but analysts project $6.61 EPS next year (implying a future payout ratio around 64.8%), which would make the dividend sustainable.
• Prologis beat Q1 estimates with EPS of $1.05 (vs. $0.81 est.) and revenue of $2.30B, set FY2026 guidance of $6.07–$6.23 EPS, and holds a consensus sentiment of “Moderate Buy” with an average price target near $147.90.

Prologis, Inc. (NYSE:PLD - Get Free Report) announced a quarterly dividend on Tuesday, April 28th. Investors of record on Tuesday, June 16th will be given a dividend of 1.07 per share by the real estate investment trust on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, June 16th.

Prologis has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 12 years. Prologis has a payout ratio of 132.1% indicating that 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 $6.61 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 64.8%.

Prologis Trading Down 1.2%

Shares of Prologis stock opened at $139.83 on Wednesday. Prologis has a fifty-two week low of $100.22 and a fifty-two week high of $145.44. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.16. The company has a market capitalization of $130.35 billion, a P/E ratio of 35.17, a P/E/G ratio of 3.08 and a beta of 1.40. The company has a fifty day moving average of $136.72 and a 200 day moving average of $131.26.

Prologis (NYSE:PLD - Get Free Report) last issued its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.24. Prologis had a return on equity of 6.46% and a net margin of 41.54%.The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter last year, the company earned $1.43 EPS. The firm's quarterly revenue was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, sell-side analysts anticipate that Prologis will post 6.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PLD. Jefferies Financial Group decreased their price objective on Prologis from $157.00 to $155.00 and set a "buy" rating on the stock in a report on Tuesday, April 14th. Bank of America increased their price objective on shares of Prologis from $153.00 to $162.00 and gave the company a "buy" rating in a research report on Monday, April 20th. Argus lifted their price objective on shares of Prologis from $135.00 to $152.00 and gave the stock a "buy" rating in a research note on Friday, April 17th. Truist Financial boosted their target price on shares of Prologis from $139.00 to $154.00 and gave the stock a "buy" rating in a report on Friday, April 24th. Finally, JPMorgan Chase & Co. upped their target price on shares of Prologis from $141.00 to $157.00 and gave the company an "overweight" rating in a research report on Tuesday, April 21st. Fourteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Prologis currently has an average rating of "Moderate Buy" and an average price target of $147.90.

Prologis Company Profile

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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