Prologis (NYSE:PLD - Get Free Report) updated its FY 2025 earnings guidance on Wednesday. The company provided EPS guidance of 5.650-5.810 for the period, compared to the consensus EPS estimate of 5.730. The company issued revenue guidance of -.
Prologis Trading Down 4.1 %
Shares of PLD traded down $4.21 during trading hours on Monday, hitting $97.89. 1,674,781 shares of the stock were exchanged, compared to its average volume of 4,798,114. Prologis has a fifty-two week low of $85.35 and a fifty-two week high of $132.57. The business has a 50-day moving average of $111.44 and a 200-day moving average of $113.13. The firm has a market capitalization of $90.74 billion, a P/E ratio of 24.47, a price-to-earnings-growth 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.
Prologis (NYSE:PLD - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.04. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. Prologis had a return on equity of 6.44% and a net margin of 45.50%. On average, research analysts expect that Prologis will post 5.73 EPS for the current year.
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 issued a $1.01 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $4.04 annualized dividend and a yield of 4.13%. This is a positive change from Prologis's previous quarterly dividend of $0.96. Prologis's dividend payout ratio is presently 101.00%.
Analyst Ratings Changes
A number of research firms have weighed in on PLD. Morgan Stanley dropped their price objective on shares of Prologis to $120.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. BNP Paribas raised Prologis to a "strong-buy" rating in a research note on Wednesday, January 22nd. Baird R W upgraded shares of Prologis from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Wolfe Research cut shares of Prologis from an "outperform" rating to a "peer perform" rating in a report on Monday. Finally, UBS Group increased their price objective on shares of Prologis from $121.00 to $137.00 and gave the company a "buy" rating in a research note on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $123.32.
Get Our Latest Analysis on Prologis
Insider Buying and Selling at Prologis
In other Prologis news, CIO Joseph Ghazal sold 10,997 shares of the firm's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $118.74, for a total value of $1,305,783.78. Following the sale, the executive now 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.57% of the company's stock.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Prologis stock. Brighton Jones LLC grew its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 629.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,475 shares of the real estate investment trust's stock after purchasing 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 reporting period. Hedge funds and other institutional investors own 93.50% of the company's stock.
About Prologis
(
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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.
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