Prologis (NYSE:PLD) Posts Earnings Results, Beats Expectations By $0.05 EPS

Prologis (NYSE:PLD - Get Free Report) released its earnings results on Wednesday. The real estate investment trust reported $1.46 earnings per share for the quarter, topping analysts' consensus estimates of $1.41 by $0.05, Briefing.com reports. Prologis had a net margin of 44.59% and a return on equity of 6.45%. The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period last year, the company posted $1.34 EPS. The business's revenue was up 8.8% on a year-over-year basis. Prologis updated its FY 2025 guidance to 5.750-5.800 EPS.

Prologis Stock Down 3.3%

Shares of Prologis stock traded down $3.66 during trading on Thursday, hitting $106.51. 6,610,430 shares of the stock were exchanged, compared to its average volume of 4,230,786. The stock has a market cap of $98.83 billion, a price-to-earnings ratio of 26.63, a price-to-earnings-growth ratio of 2.76 and a beta of 1.23. The firm's 50-day moving average price is $107.47 and its 200 day moving average price is $109.60. Prologis has a 12-month low of $85.35 and a 12-month high of $132.57. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.41 and a quick ratio of 0.41.

Prologis Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th were paid a $1.01 dividend. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $4.04 annualized dividend and a dividend yield of 3.79%. Prologis's dividend payout ratio (DPR) is 101.00%.

Analyst Ratings Changes

PLD has been the topic of a number of research reports. Barclays decreased their target price on shares of Prologis from $132.00 to $119.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Morgan Stanley decreased their target price on shares of Prologis to $120.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Wolfe Research downgraded shares of Prologis from an "outperform" rating to a "peer perform" rating in a report on Monday, April 21st. CJS Securities cut their price target on shares of Prologis from $140.00 to $117.00 in a report on Friday, April 11th. Finally, Robert W. Baird cut their price target on shares of Prologis from $126.00 to $120.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Prologis currently has an average rating of "Moderate Buy" and a consensus price target of $120.47.

Institutional Investors Weigh In On Prologis

A hedge fund recently raised its stake in Prologis stock. Brighton Jones LLC boosted its stake in Prologis, Inc. (NYSE:PLD - Free Report) by 629.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,475 shares of the real estate investment trust's stock after acquiring an additional 15,078 shares during the period. Brighton Jones LLC's holdings in Prologis were worth $1,847,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 93.50% of the company's stock.

About Prologis

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.