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Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
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How O.J. Simpson burned the Ford Bronco into America's collective memory
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Trends You Need to Know This Quarter
MarketBeat Week in Review – 4/8 - 4/12
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
It's almost April 15. Here's how to reduce stress and get your taxes done
Nearing 50 Supreme Court arguments in, lawyer Lisa Blatt keeps winning
The craze for Masters gnomes is growing. Little golf-centric statue is now a coveted collector item
How O.J. Simpson burned the Ford Bronco into America's collective memory
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Trends You Need to Know This Quarter
MarketBeat Week in Review – 4/8 - 4/12
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
It's almost April 15. Here's how to reduce stress and get your taxes done
Nearing 50 Supreme Court arguments in, lawyer Lisa Blatt keeps winning
The craze for Masters gnomes is growing. Little golf-centric statue is now a coveted collector item
How O.J. Simpson burned the Ford Bronco into America's collective memory
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Trends You Need to Know This Quarter
MarketBeat Week in Review – 4/8 - 4/12
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
It's almost April 15. Here's how to reduce stress and get your taxes done
Nearing 50 Supreme Court arguments in, lawyer Lisa Blatt keeps winning
The craze for Masters gnomes is growing. Little golf-centric statue is now a coveted collector item
How O.J. Simpson burned the Ford Bronco into America's collective memory

Prologis (PLD) Stock Price, News & Analysis

$119.00
-1.25 (-1.04%)
(As of 04/12/2024 ET)
Today's Range
$118.50
$120.47
50-Day Range
$118.98
$135.07
52-Week Range
$96.64
$137.52
Volume
3.74 million shs
Average Volume
3.27 million shs
Market Capitalization
$110.08 billion
P/E Ratio
36.17
Dividend Yield
3.23%
Price Target
$141.67

Prologis MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
19.0% Upside
$141.67 Price Target
Short Interest
Healthy
1.10% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.89
Upright™ Environmental Score
News Sentiment
1.21mentions of Prologis in the last 14 days
Based on 12 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
12.18%
From $5.50 to $6.17 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.

4.87 out of 5 stars

Finance Sector

52nd out of 845 stocks

Real Estate Investment Trusts Industry

3rd out of 176 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 December 31, 2023, 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

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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
4/13/2024
Next Earnings (Confirmed)
4/17/2024
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
$141.67
High Stock Price Target
$170.00
Low Stock Price Target
$120.00
Potential Upside/Downside
+19.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
14 Analysts

Profitability

Net Income
$3.06 billion
Pretax Margin
43.18%

Debt

Sales & Book Value

Annual Sales
$8.02 billion
Cash Flow
$5.36 per share
Book Value
$62.51 per share

Miscellaneous

Free Float
920,423,000
Market Cap
$110.08 billion
Optionable
Optionable
Beta
1.00

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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. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets, providing stability and growth potential in the real estate investment trusts industry.
  • The company owns or has investments in properties and development projects totaling approximately 1.2 billion square feet in 19 countries, showcasing a strong global presence and diversification.
  • Prologis leases modern logistics facilities to a diverse base of approximately 6,700 customers, ensuring a steady stream of rental income and tenant stability.
  • With a focus on high-barrier markets, Prologis is well-positioned to benefit from increasing demand for logistics real estate due to the rise of e-commerce and supply chain optimization.
  • Recent positive stock analyst ratings and institutional investor holdings indicate confidence in Prologis, Inc.'s performance and potential growth, making it an attractive investment opportunity.

Cons

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

  • Market volatility and economic uncertainties can impact the real estate sector, potentially affecting Prologis' operations and financial performance.
  • Changes in interest rates or global economic conditions may influence property valuations and rental demand, posing risks to Prologis' revenue streams.
  • Competition in the logistics real estate industry could lead to pricing pressures or reduced market share for Prologis, affecting its profitability.
  • Fluctuations in property values and occupancy rates may impact Prologis' financial results and shareholder returns, subjecting investors to market risks.
  • Investors should carefully consider the current stock price of Prologis, Inc. and evaluate whether it aligns with their investment goals and risk tolerance before making investment decisions.
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, April 9, 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?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Prologis in the last twelve months. There are currently 3 hold ratings, 10 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?

14 brokers have issued 12-month price objectives for Prologis' stock. Their PLD share price targets range from $120.00 to $170.00. On average, they anticipate the company's stock price to reach $141.67 in the next twelve months. This suggests a possible upside of 19.0% 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 10.7% and is now trading at $119.00.
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 Wednesday, April 17th 2024.
View our PLD earnings forecast
.

How can I listen to Prologis' earnings call?

Prologis will be holding an earnings conference call on Wednesday, April 17th at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 201-612-7415 with passcode "13745294".

How were Prologis' earnings last quarter?

Prologis, Inc. (NYSE:PLD) released its earnings results on Wednesday, January, 17th. The real estate investment trust reported $0.68 earnings per share (EPS) 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 the consensus estimate of $1.85 billion. Prologis had a trailing twelve-month return on equity of 5.29% and a net margin of 38.13%. The company's quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company 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, February 22nd. Shareholders of record on Monday, March 18th will be paid a dividend of $0.96 per share on Friday, March 29th. This represents a $3.84 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend is Friday, March 15th. This is a boost from the stock's previous quarterly dividend of $0.87.
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 3.19%. 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 116.72%. 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 62.24% 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 issued an update on its FY 2024 earnings guidance on Thursday, January, 18th. The company provided earnings per share guidance of 5.420-5.560 for the period, compared to the consensus estimate of 5.600. The company issued revenue guidance of -.

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 many different retail and institutional investors. Top institutional shareholders include Sarasin & Partners LLP (0.16%), Gateway Investment Advisers LLC (0.03%), Czech National Bank (0.02%), Pensionfund DSM Netherlands (0.02%), Westwind Capital (0.02%) and Gulf International Bank UK Ltd (0.01%). Insiders that own company stock include Avid Modjtabai, David P Oconnor, George L Fotiades, Hamid R Moghadam, Irving F Lyons III, James B Connor, Lydia H Kennard 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 4/13/2024 by MarketBeat.com Staff

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