Prologis (PLD) Stock Forecast, Price & News

19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Prologis in the last twelve months. There are currently 2 hold ratings, 16 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.
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19 Wall Street analysts have issued 1-year price targets for Prologis' shares. Their PLD share price forecasts range from $116.00 to $170.00. On average, they predict the company's stock price to reach $140.65 in the next twelve months. This suggests a possible upside of 22.8% from the stock's current price.
View analysts price targets for PLD or view top-rated stocks among Wall Street analysts.

Prologis' stock was trading at $112.73 on January 1st, 2023. Since then, PLD shares have increased by 1.6% and is now trading at $114.55.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 18th 2023.
View our PLD earnings forecast.

Prologis, Inc. (NYSE:PLD) announced its earnings results on Tuesday, July, 18th. The real estate investment trust reported $1.83 earnings per share 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 analyst estimates of $1.72 billion. Prologis had a trailing twelve-month return on equity of 6.17% and a net margin of 42.52%. The firm's revenue for the quarter was up 95.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.11 EPS.
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Prologis declared a quarterly dividend on Wednesday, September 6th. Stockholders of record on Monday, September 18th will be paid a dividend of $0.87 per share on Friday, September 29th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Friday, September 15th.
Read our dividend analysis for PLD.

ETFs with the largest weight of Prologis (NYSE:PLD) stock in their portfolio include iShares US Credit Bond ETF (CRED), Pacer Industrial Real Estate ETF (INDS), Janus Henderson U.S. Real Estate ETF (JRE), SPDR Dow Jones REIT ETF (RWR), SP Funds S&P Global REIT Sharia ETF (SPRE), Real Estate Select Sector SPDR Fund (XLRE), ALPS Active REIT ETF (REIT) and JPMorgan BetaBuilders MSCI US REIT ETF (BBRE).

Prologis (NYSE:PLD) pays an annual dividend of $3.48 per share and currently has a dividend yield of 2.86%. 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.

Prologis updated its FY 2023 earnings guidance on Tuesday, July, 18th. The company provided EPS guidance of $5.56-$5.60 for the period, compared to the consensus estimate of $5.49. The company issued revenue guidance of -.

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.

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).

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

Prologis' stock is owned by a variety of institutional and retail investors. Top institutional investors 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.
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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.
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One share of PLD stock can currently be purchased for approximately $114.55.

Prologis (NYSE:PLD) has a market capitalization of $105.83 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.

The company employs 2,466 workers across the globe.

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.