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Prologis (PLD) Stock Price, News & Analysis

$110.20
+0.19 (+0.17%)
(As of 06/7/2024 ET)
Today's Range
$107.80
$110.28
50-Day Range
$101.84
$127.92
52-Week Range
$96.64
$137.52
Volume
4.79 million shs
Average Volume
4.02 million shs
Market Capitalization
$102.03 billion
P/E Ratio
32.22
Dividend Yield
3.48%
Price Target
$129.76

Prologis MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.81 Rating Score
Upside/​Downside
17.8% Upside
$129.76 Price Target
Short Interest
Healthy
1.09% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.89
Upright™ Environmental Score
News Sentiment
1.05mentions of Prologis in the last 14 days
Based on 14 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
11.99%
From $5.42 to $6.07 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.88 out of 5 stars

Finance Sector

43rd out of 823 stocks

Real Estate Investment Trusts Industry

7th out of 172 stocks

PLD stock logo

About Prologis Stock (NYSE:PLD)

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. Prologis leases modern logistics facilities to a diverse base of approximately 6,700 customers principally across two major categories: business-to-business and retail/online fulfillment.

PLD Stock Price History

PLD Stock News Headlines

Intel's Secret Plan for a Double-Digit Stock Rally Revealed (PLD)
Intel stock has a secret plan to justify a double-digit rally in the next few months, and it is all driven by a deep value real estate play today
Prologis Is A Bargain After Its Recent Price Drop
Prologis: Slower Growth Perhaps Not Worth 3.5% Yield
Prologis (NYSE:PLD) Upgraded to Hold at StockNews.com
Prologis (NYSE:PLD) Raised to Hold at StockNews.com
Mizuho Securities Sticks to Its Hold Rating for Prologis (PLD)
14 Analysts Assess Prologis: What You Need To Know
Prologis, Inc. (PLD)
Prologis Declares Quarterly Dividend
Prologis Has Crashed: Buy, Hold, Or Sell?
See More Headlines
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Company Calendar

Last Earnings
1/17/2024
Ex-Dividend for 3/29 Dividend
3/15/2024
Dividend Payable
3/29/2024
Today
6/09/2024
Ex-Dividend for 6/28 Dividend
6/17/2024
Dividend Payable
6/28/2024
Next Earnings (Estimated)
7/16/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Industrial REITs
CUSIP
74340W10
Employees
2,574
Year Founded
1983

Price Target and Rating

Average Stock Price Target
$129.76
High Stock Price Target
$154.00
Low Stock Price Target
$112.00
Potential Upside/Downside
+17.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.81
Research Coverage
16 Analysts

Profitability

Net Income
$3.06 billion
Pretax Margin
43.81%

Debt

Sales & Book Value

Annual Sales
$8.02 billion
Cash Flow
$5.42 per share
Book Value
$62.51 per share

Miscellaneous

Free Float
921,215,000
Market Cap
$102.03 billion
Optionable
Optionable
Beta
1.07

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Key Executives

  • Mr. Hamid R. MoghadamMr. Hamid R. Moghadam (Age 67)
    Co-Founder, Chairman & CEO
    Comp: $1.92M
  • Mr. Daniel Stephen Letter (Age 46)
    President
    Comp: $1.71M
  • Mr. Edward Steven Nekritz (Age 58)
    Chief Legal Officer, General Counsel, Secretary & Head of Global Strategic Risk Mgmt. and ESG Dept.
    Comp: $1.75M
  • Mr. Gary E. AndersonMr. Gary E. Anderson (Age 58)
    Advisor
    Comp: $1.55M
  • Mr. Carter H. Andrus (Age 45)
    Chief Operating Officer
  • Mr. Joseph Ghazal (Age 52)
    Chief Investment Officer
  • Ms. Lori A. Palazzolo CPA (Age 60)
    MD, Chief Accounting Officer & Senior VP
  • Mr. Sineesh Keshav
    Chief Technical Officer
  • Mr. Charles E. Sullivan (Age 66)
    Chief Administrative Officer
  • Ms. Tracy A. Ward
    Senior Vice President of Investor Relations & Corporate Communications

Should I Buy Prologis Stock? PLD Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Prologis, Inc.:

  • Prologis, Inc. (PLD) has shown consistent growth in its revenue and earnings over the past few quarters, indicating a strong financial performance.
  • The company has a solid track record of dividend payments, providing investors with a steady income stream.
  • Prologis is a leading real estate investment trust (REIT) specializing in logistics and distribution facilities, benefiting from the e-commerce boom.
  • With a diversified global portfolio, Prologis is well-positioned to capitalize on the increasing demand for warehouse and industrial spaces.
  • The current stock price of Prologis, Inc. reflects a favorable valuation compared to its industry peers, presenting a potential buying opportunity for investors.

Cons

Investors should be bearish about investing in Prologis, Inc. for these reasons:

  • As a real estate company, Prologis is susceptible to economic downturns and fluctuations in the real estate market, which could impact its financial performance.
  • Interest rate hikes could increase borrowing costs for Prologis, affecting its profitability and potentially slowing down its growth trajectory.
  • Changes in trade policies or global economic conditions may impact the demand for industrial real estate, affecting Prologis' occupancy rates and rental income.
  • Investing in REITs like Prologis involves exposure to interest rate risk, as rising interest rates could lead to a decline in the value of the company's assets.
  • Market volatility and uncertainties could affect the stock price of Prologis, introducing short-term fluctuations that may deter some investors.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, June 4, 2024. Please send any questions or comments about these Prologis pros and cons to contact@marketbeat.com.

PLD Stock Analysis - Frequently Asked Questions

Should I buy or sell Prologis stock right now?

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Prologis in the last twelve months. There are currently 4 hold ratings, 11 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PLD shares.
View PLD analyst ratings
or view top-rated stocks.

What is Prologis' stock price target for 2024?

16 brokers have issued 1-year price objectives for Prologis' stock. Their PLD share price targets range from $112.00 to $154.00. On average, they predict the company's share price to reach $129.76 in the next twelve months. This suggests a possible upside of 17.8% from the stock's current price.
View analysts price targets for PLD
or view top-rated stocks among Wall Street analysts.

How have PLD shares performed in 2024?

Prologis' stock was trading at $133.30 on January 1st, 2024. Since then, PLD stock has decreased by 17.3% and is now trading at $110.20.
View the best growth stocks for 2024 here
.

When is Prologis' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 16th 2024.
View our PLD earnings forecast
.

How were Prologis' earnings last quarter?

Prologis, Inc. (NYSE:PLD) issued its quarterly earnings data on Wednesday, January, 17th. The real estate investment trust reported $0.68 earnings per share for the quarter, missing the consensus estimate of $1.26 by $0.58. The real estate investment trust had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.85 billion. Prologis had a net margin of 38.73% and a trailing twelve-month return on equity of 5.49%. Prologis's quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.24 EPS.
Read the conference call transcript
.

How often does Prologis pay dividends? What is the dividend yield for Prologis?

Prologis declared a quarterly dividend on Thursday, May 9th. Investors of record on Monday, June 17th will be paid a dividend of $0.96 per share on Friday, June 28th. This represents a $3.84 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend is Monday, June 17th.
Read our dividend analysis for PLD
.

Is Prologis a good dividend stock?

Prologis (NYSE:PLD) pays an annual dividend of $3.84 per share and currently has a dividend yield of 3.53%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 112.28%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, PLD will have a dividend payout ratio of 63.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PLD.

What guidance has Prologis issued on next quarter's earnings?

Prologis updated its FY24 earnings guidance on Wednesday, April, 17th. The company provided EPS guidance of $5.45-5.55 for the period, compared to the consensus estimate of $5.50.

What is Hamid R. Moghadam's approval rating as Prologis' CEO?

68 employees have rated Prologis Chief Executive Officer Hamid R. Moghadam on Glassdoor.com. Hamid R. Moghadam has an approval rating of 99% among the company's employees. This puts Hamid R. Moghadam in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Prologis own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Prologis investors own include NVIDIA (NVDA), Walt Disney (DIS), Cisco Systems (CSCO), Home Depot (HD), Salesforce (CRM), AbbVie (ABBV), Johnson & Johnson (JNJ), Alibaba Group (BABA), Visa (V) and AT&T (T).

Who are Prologis' major shareholders?

Prologis' stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (13.06%), Valeo Financial Advisors LLC (5.28%), JPMorgan Chase & Co. (3.92%), Principal Financial Group Inc. (1.31%), Price T Rowe Associates Inc. MD (1.24%) and Capital World Investors (0.79%). Insiders that own company stock include Avid Modjtabai, David P Oconnor, George L Fotiades, Hamid R Moghadam, Irving F Lyons III, James B Connor and William D Zollars.
View institutional ownership trends
.

How do I buy shares of Prologis?

Shares of PLD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Prologis have any subsidiaries?
The following companies are subsidiares of Prologis: AMB Asia LLC, AMB HFC LP, DCT Industrial, DCT Industrial TRS Inc., DCT Industrial Value Fund I Inc., IMD Holding Corporation, Industrial Property Trust, KTR Capital Partners, Liberty L.P., Liberty Property Trust, Liberty Property Trust UK Ltd, PLD Finance Management BV, PLD Finance Management LLC, PLD International Finance LLC, PLD International Holding L.P., PLD-TRS Holding LLC, Palmtree Acquisition Corporation, Prologis 2 L.P., Prologis B.V., Prologis Brazil Logistics Partners Fund I L.P., Prologis California Inc., Prologis Directorship BV, Prologis Directorship II BV, Prologis Directorship Sarl, Prologis Japan Management LLC, Prologis L.P., Prologis Logistics Services Incorporated, Prologis Management LLC, Prologis Management Services Sarl, Prologis NA3 REIT II LLC, Prologis North American Industrial Fund II L.P., Prologis Park Bradford Management Company Limited, Prologis Park Bromford Gate Management Company Limited, Prologis Park Littlebrook Management Company Limited, Prologis Park Midpoint 2 Management Company Limited, Prologis Park Ryton Management Company Limited, Prologis RFI DIRFT Management Limited, Prologis UK Financial Services Limited, Prologis UK Holdings S.A., Prologis UK Limited, Prologis USLV Operating Partnership L.P., Prologis de Mexico S.A. de C.V., and Solutions Insurance Ltd..
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This page (NYSE:PLD) was last updated on 6/9/2024 by MarketBeat.com Staff

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