Prologis Stock Price, News & Analysis (NYSE:PLD)

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Prologis in the last twelve months. There are currently 2 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PLD shares.
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12 analysts have issued 1 year target prices for Prologis' stock. Their PLD share price targets range from $120.00 to $170.00. On average, they predict the company's stock price to reach $139.00 in the next twelve months. This suggests a possible upside of 17.2% from the stock's current price.
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Prologis' stock was trading at $112.73 at the beginning of 2023. Since then, PLD stock has increased by 5.2% and is now trading at $118.56.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 17th 2024.
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Prologis, Inc. (NYSE:PLD) posted its quarterly earnings data on Tuesday, October, 17th. The real estate investment trust reported $1.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.26 by $0.04. The real estate investment trust had revenue of $1.78 billion for the quarter, compared to analysts' expectations of $1.72 billion. Prologis had a net margin of 38.24% and a trailing twelve-month return on equity of 5.21%. Prologis's quarterly revenue was up 53.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.73 EPS.
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Prologis declared a quarterly dividend on Wednesday, September 6th. Shareholders 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 yield of 2.94%. The ex-dividend date of this dividend is Friday, September 15th.
Read our dividend analysis for PLD.

Prologis (NYSE:PLD) pays an annual dividend of $3.48 per share and currently has a dividend yield of 2.94%. 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 107.41%. 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 62.93% next year. This indicates that the company will be able to sustain or increase its dividend.
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 updated its FY 2023 earnings guidance on Tuesday, October, 17th. The company provided earnings per share (EPS) guidance of $5.58-$5.60 for the period, compared to the consensus earnings per share estimate of $5.59. 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' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Morgan Stanley (1.89%), Massachusetts Financial Services Co. MA (1.79%), FMR LLC (1.76%), Northern Trust Corp (1.38%), Principal Financial Group Inc. (1.32%) and Legal & General Group Plc (1.31%). 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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