Prologis (NYSE:PLD) Releases Earnings Results, Beats Estimates By $0.04 EPS

Prologis (NYSE:PLD - Get Free Report) issued its quarterly earnings results on Wednesday. The real estate investment trust reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.04, Zacks reports. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. Prologis had a return on equity of 6.44% and a net margin of 45.50%. Prologis updated its FY 2025 guidance to 5.650-5.810 EPS.

Prologis Price Performance

Shares of PLD stock traded down $3.86 on Monday, hitting $98.24. 1,466,238 shares of the stock traded hands, compared to its average volume of 4,124,809. The firm has a market cap of $91.07 billion, a price-to-earnings ratio of 24.56, a PEG ratio of 2.70 and a beta of 1.20. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.75 and a quick ratio of 0.43. The firm has a 50 day simple moving average of $111.44 and a two-hundred day simple moving average of $113.13. Prologis has a 52 week low of $85.35 and a 52 week high of $132.57.

Prologis Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th were given a $1.01 dividend. This is a positive change from Prologis's previous quarterly dividend of $0.96. This represents a $4.04 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date of this dividend was Tuesday, March 18th. Prologis's dividend payout ratio is presently 101.00%.

Insiders Place Their Bets

In other Prologis news, CIO Joseph Ghazal sold 10,997 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $118.74, for a total transaction of $1,305,783.78. Following the completion of the sale, the executive now directly owns 7,977 shares of the company's stock, valued at $947,188.98. This trade represents a 57.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.57% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Prologis

A hedge fund recently raised its stake in Prologis stock. Brighton Jones LLC increased its position in Prologis, Inc. (NYSE:PLD - Free Report) by 629.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,475 shares of the real estate investment trust's stock after buying an additional 15,078 shares during the period. Brighton Jones LLC's holdings in Prologis were worth $1,847,000 at the end of the most recent quarter. Institutional investors own 93.50% of the company's stock.

Wall Street Analysts Forecast Growth

PLD has been the subject of a number of analyst reports. Truist Financial raised their price objective on shares of Prologis from $121.00 to $123.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Baird R W raised Prologis from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. Scotiabank reissued a "sector underperform" rating and issued a $97.00 target price (down previously from $133.00) on shares of Prologis in a report on Monday, April 7th. UBS Group upped their price target on Prologis from $121.00 to $137.00 and gave the company a "buy" rating in a report on Tuesday, January 28th. Finally, Robert W. Baird boosted their target price on Prologis from $123.00 to $124.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $123.32.

Prologis Company Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At March 31, 2024, 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.