Prologis (NYSE:PLD - Get Free Report) announced its quarterly earnings data 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. Prologis had a return on equity of 6.44% and a net margin of 45.50%. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. Prologis updated its FY 2025 guidance to 5.650-5.810 EPS.
Prologis Stock Performance
Shares of Prologis stock traded down $4.21 during trading on Monday, hitting $97.89. 1,674,781 shares of the company's stock traded hands, compared to its average volume of 4,798,114. Prologis has a 1 year low of $85.35 and a 1 year high of $132.57. The business has a 50-day simple moving average of $111.44 and a 200-day simple moving average of $113.13. 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 stock has a market capitalization of $90.74 billion, a P/E ratio of 24.47, a PEG ratio of 2.70 and a beta of 1.20.
Prologis Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th were issued a $1.01 dividend. This is a positive change from Prologis's previous quarterly dividend of $0.96. The ex-dividend date was Tuesday, March 18th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 4.13%. Prologis's dividend payout ratio (DPR) is presently 101.00%.
Wall Street Analyst Weigh In
Several research firms recently issued reports on PLD. Baird R W raised Prologis from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Morgan Stanley cut their price target on shares of Prologis to $120.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Truist Financial boosted their price target on shares of Prologis from $121.00 to $123.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Mizuho lowered their price objective on shares of Prologis from $117.00 to $105.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Finally, UBS Group upped their target price on Prologis from $121.00 to $137.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Prologis currently has a consensus rating of "Moderate Buy" and an average target price of $123.32.
Check Out Our Latest Stock Analysis on Prologis
Insider Buying and Selling at Prologis
In related news, CIO Joseph Ghazal sold 10,997 shares of Prologis stock in a transaction on 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 completion of the sale, the executive now owns 7,977 shares of the company's stock, valued at $947,188.98. The trade was a 57.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.57% of the company's stock.
Institutional Investors Weigh In On Prologis
An institutional investor recently raised its position in Prologis stock. Brighton Jones LLC boosted its holdings in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 629.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,475 shares of the real estate investment trust's stock after buying an additional 15,078 shares during the quarter. Brighton Jones LLC's holdings in Prologis were worth $1,847,000 at the end of the most recent quarter. 93.50% of the stock is currently owned by institutional investors.
Prologis Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Prologis, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Prologis wasn't on the list.
While Prologis currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
