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Prologis (PLD) Stock Forecast, Price & News

$111.48
-1.77 (-1.56%)
(As of 09/26/2023 ET)
Compare
Today's Range
$111.00
$113.06
50-Day Range
$113.26
$129.28
52-Week Range
$98.03
$136.67
Volume
3.18 million shs
Average Volume
2.88 million shs
Market Capitalization
$102.99 billion
P/E Ratio
29.34
Dividend Yield
3.12%
Price Target
$140.65

Prologis MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.95 Rating Score
Upside/​Downside
26.2% Upside
$140.65 Price Target
Short Interest
Healthy
1.15% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.07
Upright™ Environmental Score
News Sentiment
0.74mentions of Prologis in the last 14 days
Based on 25 Articles This Week
Insider Trading
Selling Shares
$1.33 M Sold Last Quarter
Proj. Earnings Growth
0.72%
From $5.59 to $5.63 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.78 out of 5 stars

Finance Sector

187th out of 834 stocks

Real Estate Investment Trusts Industry

33rd out of 178 stocks


PLD stock logo

About Prologis (NYSE:PLD) Stock

Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At June 30, 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 (114 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 Price History

PLD Stock News Headlines

AMC Stock: The Horror Film Traders Keep Showing Up For (PLD)
Just as AMC’s profitability was starting to improve, the dilution train has once again derailed traders' hopes of a turnaround.
What Are Specialty REITs? How to Invest in Them (PLD)
What are specialty REITs? They are real estate investment trusts that may not fit in with other sectors. Learn more about specialty REITs.
U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
REIT Stocks - Best REIT Stocks to Add to Your Portfolio Today (PLD)
A real estate investment trust is a corporation that owns or finances real estate. From an investor’s perspective, it’s essentially a pooled investment vehicle for buying and managing real estate properties. There are private REITs (which could also be called non-listed REITs or a non-traded REIT) but these REIT investments are only available to private or institutional investors.
Prologis: Look To Buy Under $80
U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
KeyCorp Weighs in on Prologis, Inc.'s FY2023 Earnings (NYSE:PLD)
KeyCorp Comments on Prologis, Inc.'s Q3 2023 Earnings (NYSE:PLD)
Prologis (NYSE:PLD) Lowered to "Sell" at StockNews.com
Prologis: Well Positioned For High Interest Rates
Prologis (PLD) Stock Moves -0.92%: What You Should Know
Scotiabank Keeps Their Buy Rating on Prologis (PLD)
Mizuho Securities Sticks to Their Buy Rating for Prologis (PLD)
9 Analysts Have This to Say About Prologis
Prologis (PLD) Stock Moves -0.55%: What You Should Know
See More Headlines
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PLD Company Calendar

Ex-Dividend for 6/30 Dividend
6/15/2023
Dividend Payable
6/30/2023
Last Earnings
7/18/2023
Ex-Dividend for 9/29 Dividend
9/15/2023
Today
9/26/2023
Dividend Payable
9/29/2023
Next Earnings (Estimated)
10/18/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Industrial REITs
Sector
Finance
CUSIP
74340W10
Employees
2,466
Year Founded
1983

Price Target and Rating

Average Stock Price Forecast
$140.65
High Stock Price Forecast
$170.00
Low Stock Price Forecast
$116.00
Forecasted Upside/Downside
+26.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.95
Research Coverage
19 Analysts

Profitability

Net Income
$3.36 billion
Pretax Margin
47.07%

Debt

Sales & Book Value

Annual Sales
$5.97 billion
Cash Flow
$5.21 per share
Book Value
$62.62 per share

Miscellaneous

Free Float
917,395,000
Market Cap
$102.70 billion
Optionable
Optionable
Beta
0.98

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Key Executives

  • Mr. Hamid R. MoghadamMr. Hamid R. Moghadam (Age 66)
    Co-Founder, Chairman & CEO
    Comp: $1.84M
  • Mr. Timothy D. ArndtMr. Timothy D. Arndt (Age 50)
    CFO, MD of Treasury & Financial Planning and Treasurer
    Comp: $2.89M
  • Mr. Gary E. AndersonMr. Gary E. Anderson (Age 57)
    Chief Operating Officer
    Comp: $4.89M
  • Mr. Edward S. Nekritz (Age 57)
    Chief Legal Officer, Gen. Counsel, Sec. & Head of Global Strategic Risk Mgmt. and ESG Dept.
    Comp: $4.62M
  • Mr. Thomas S. OlingerMr. Thomas S. Olinger (Age 56)
    Advisor
    Comp: $3.13M
  • Mr. Daniel Stephen Letter
    Pres
  • Ms. Lori A. Palazzolo CPA (Age 59)
    MD, Chief Accounting Officer & Sr. VP
  • Mr. Sineesh Keshav
    Chief Technical Officer
  • Mr. Charles E. Sullivan (Age 65)
    Chief Admin. Officer
  • Ms. Tracy A. Ward
    Sr. VP of Investor Relations & Corp. Communications













PLD Stock - Frequently Asked Questions

Should I buy or sell Prologis stock right now?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Prologis in the last year. There are currently 2 hold ratings, 16 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PLD shares.
View PLD analyst ratings
or view top-rated stocks.

What is Prologis' stock price forecast for 2023?

19 Wall Street research analysts have issued 1 year price objectives for Prologis' shares. Their PLD share price forecasts range from $116.00 to $170.00. On average, they predict the company's share price to reach $140.65 in the next year. This suggests a possible upside of 26.5% 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 2023?

Prologis' stock was trading at $112.73 on January 1st, 2023. Since then, PLD shares have decreased by 1.4% and is now trading at $111.16.
View the best growth stocks for 2023 here
.

When is Prologis' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 18th 2023.
View our PLD earnings forecast
.

How were Prologis' earnings last quarter?

Prologis, Inc. (NYSE:PLD) released its quarterly earnings data on Tuesday, July, 18th. The real estate investment trust reported $1.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.68 by $0.15. The real estate investment trust earned $2.45 billion during the quarter, compared to the consensus estimate of $1.72 billion. Prologis had a trailing twelve-month return on equity of 6.17% and a net margin of 42.52%. Prologis's quarterly revenue was up 95.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.11 EPS.
Read the conference call transcript
.

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

Prologis announced a quarterly dividend on Wednesday, September 6th. Shareholders of record on Monday, September 18th will be given a dividend of $0.87 per share on Friday, September 29th. This represents a $3.48 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date is Friday, September 15th.
Read our dividend analysis for PLD
.

Is Prologis a good dividend stock?

Prologis (NYSE:PLD) pays an annual dividend of $3.48 per share and currently has a dividend yield of 3.05%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 91.58%. 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 61.81% 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 2023 earnings guidance on Tuesday, July, 18th. The company provided earnings per share (EPS) guidance of $5.56-$5.60 for the period, compared to the consensus EPS estimate of $5.49. 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).

What is Prologis' stock symbol?

Prologis trades on the New York Stock Exchange (NYSE) under the ticker symbol "PLD."

Who are Prologis' major shareholders?

Prologis' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.06%), State Street Corp (6.61%), Cohen & Steers Inc. (3.87%), APG Asset Management US Inc. (2.17%), Geode Capital Management LLC (2.03%) and Dimensional Fund Advisors LP (1.39%). Insiders that own company stock include Avid Modjtabai, David P Oconnor, George L Fotiades, Hamid R Moghadam, Irving F Lyons III, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Prologis' stock price today?

One share of PLD stock can currently be purchased for approximately $111.16.

How much money does Prologis make?

Prologis (NYSE:PLD) has a market capitalization of $102.70 billion and generates $5.97 billion in revenue each year. The real estate investment trust earns $3.36 billion in net income (profit) each year or $3.80 on an earnings per share basis.

How many employees does Prologis have?

The company employs 2,466 workers across the globe.

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..
Read More
How can I contact Prologis?

Prologis' mailing address is PIER 1 BAY 1, SAN FRANCISCO CA, 94111. The official website for the company is www.prologis.com. The real estate investment trust can be reached via phone at (415) 394-9000, via email at tward@prologis.com, or via fax at 415-394-9001.

This page (NYSE:PLD) was last updated on 9/26/2023 by MarketBeat.com Staff

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