Prologis (PLD) Stock Forecast, Price & News

20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Prologis in the last year. There are currently 2 hold ratings, 17 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PLD shares.
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20 analysts have issued 12-month price objectives for Prologis' stock. Their PLD share price forecasts range from $116.00 to $200.00. On average, they expect the company's stock price to reach $143.90 in the next year. This suggests a possible upside of 15.2% from the stock's current price.
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Prologis' stock was trading at $112.73 at the beginning of the year. Since then, PLD stock has increased by 10.8% and is now trading at $124.95.
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The company is scheduled to release its next quarterly earnings announcement on Monday, July 17th 2023.
View our PLD earnings forecast.

Prologis, Inc. (NYSE:PLD) released its earnings results on Tuesday, April, 18th. The real estate investment trust reported $0.50 EPS for the quarter, missing the consensus estimate of $1.21 by $0.71. The real estate investment trust earned $1.77 billion during the quarter, compared to the consensus estimate of $1.65 billion. Prologis had a trailing twelve-month return on equity of 5.54% and a net margin of 41.06%. The business's revenue was up 64.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.09 EPS.
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Prologis announced a quarterly dividend on Thursday, May 4th. Shareholders of record on Friday, June 16th will be given a dividend of $0.87 per share on Friday, June 30th. This represents a $3.48 annualized dividend and a yield of 2.79%. The ex-dividend date is Thursday, June 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), Janus Henderson U.S. Real Estate ETF (JRE), Pacer Industrial Real Estate ETF (INDS), JPMorgan Realty Income ETF (JPRE), Real Estate Select Sector SPDR Fund (XLRE), SPDR Dow Jones REIT ETF (RWR), JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) and SP Funds S&P Global REIT Sharia ETF (SPRE).

Prologis (NYSE:PLD) pays an annual dividend of $3.48 per share and currently has a dividend yield of 2.79%. 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 105.14%. 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 62.03% 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 Wednesday, April, 19th. The company provided earnings per share (EPS) guidance of $5.42-$5.50 for the period, compared to the consensus earnings per share estimate of $5.50. 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 shareholders include State Street Corp (6.61%), JPMorgan Chase & Co. (3.67%), APG Asset Management US Inc. (2.17%), Geode Capital Management LLC (2.00%), FMR LLC (1.88%) and Bank of America Corp DE (1.77%). 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 $124.95.

Prologis (NYSE:PLD) has a market capitalization of $115.39 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 $3.31 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.