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Prologis (PLD) Stock Price, News & Analysis

$122.68
+2.25 (+1.87%)
(As of 07/26/2024 ET)
Today's Range
$120.39
$123.27
50-Day Range
$104.75
$126.66
52-Week Range
$96.64
$137.52
Volume
3.37 million shs
Average Volume
3.76 million shs
Market Capitalization
$113.58 billion
P/E Ratio
35.87
Dividend Yield
3.13%
Price Target
$129.67

Prologis MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
5.7% Upside
$129.67 Price Target
Short Interest
Healthy
1.27% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.85
Upright™ Environmental Score
News Sentiment
0.70mentions of Prologis in the last 14 days
Based on 22 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
11.99%
From $5.42 to $6.07 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.

4.61 out of 5 stars

Finance Sector

98th out of 898 stocks

Real Estate Investment Trusts Industry

8th out of 181 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 March 31, 2024, 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

large warehouse and goods
Real Estate Stock Signals a Boom in Manufacturing Activity (PLD)
Now that Prologis stock has reported its newest quarterly earnings, investors have a unique insight into the industrial sector within the U.S.
625,000% Gain
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PLD Jan 2026 155.000 call
Prologis (NYSE:PLD) PT Raised to $135.00 at Argus
625,000% Gain
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Prologis (NYSE:PLD) Stock Rating Upgraded by StockNews.com
Prologis (NYSE:PLD) Releases FY 2024 Earnings Guidance
See More Headlines
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Company Calendar

Ex-Dividend for 6/28 Dividend
6/17/2024
Dividend Payable
6/28/2024
Last Earnings
7/17/2024
Today
7/26/2024
Next Earnings (Estimated)
10/15/2024
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
$129.67
High Stock Price Target
$156.00
Low Stock Price Target
$115.00
Potential Upside/Downside
+5.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
15 Analysts

Profitability

Net Income
$3.06 billion
Pretax Margin
41.10%

Debt

Sales & Book Value

Annual Sales
$8.02 billion
Cash Flow
$5.40 per share
Book Value
$62.56 per share

Miscellaneous

Free Float
921,215,000
Market Cap
$113.58 billion
Optionable
Optionable
Beta
1.06

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Key Executives

  • Mr. Hamid R. MoghadamMr. Hamid R. Moghadam (Age 67)
    Co-Founder, Chairman & CEO
    Comp: $1.92M
  • Mr. Daniel Stephen Letter (Age 46)
    President
    Comp: $1.71M
  • Mr. Edward Steven Nekritz (Age 58)
    Chief Legal Officer, General Counsel, Secretary & Head of Global Strategic Risk Mgmt. and ESG Dept.
    Comp: $1.75M
  • Mr. Gary E. AndersonMr. Gary E. Anderson (Age 58)
    Advisor
    Comp: $1.55M
  • Mr. Carter H. Andrus (Age 45)
    Chief Operating Officer
  • Mr. Joseph Ghazal (Age 52)
    Chief Investment Officer
  • Ms. Lori A. Palazzolo CPA (Age 60)
    MD, Chief Accounting Officer & Senior VP
  • Mr. Sineesh Keshav
    Chief Technical Officer
  • Mr. Charles E. Sullivan (Age 66)
    Chief Administrative Officer
  • Ms. Tracy A. Ward
    Senior Vice President of Investor Relations & Corporate Communications

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 has a strong track record of consistent dividend payments, offering investors a reliable income stream.
  • The company has a solid market cap of $104.01 billion, indicating stability and a strong position in the market.
  • Prologis has a diverse portfolio of logistics real estate assets in high-barrier, high-growth markets, providing potential for long-term growth and stability.
  • Despite recent fluctuations, Prologis stock has shown resilience and potential for recovery, making it an attractive option for value investors.
  • Analysts have given Prologis a consensus rating of "Moderate Buy" with a target price of $129.76, suggesting potential upside for investors.

Cons

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

  • Prologis's recent earnings report showed a significant miss on EPS, indicating potential challenges in the company's financial performance.
  • The company's current P/E ratio of 32.85 and PEG ratio of 2.46 may suggest that the stock is currently overvalued, posing a risk for investors.
  • Prologis's dividend payout ratio of 112.28% raises concerns about the sustainability of its dividend payments in the long run.
  • Recent price target reductions by analysts, such as Goldman Sachs lowering the target from $163.00 to $140.00, may signal underlying issues affecting the stock's performance.
  • Market conditions and economic uncertainties could impact Prologis's operations and financial results, leading to potential volatility in the stock price.
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 Monday, July 22, 2024. Please send any questions or comments about these Prologis pros and cons to contact@marketbeat.com.

PLD Stock Analysis - Frequently Asked Questions

How have PLD shares performed this year?

Prologis' stock was trading at $133.30 at the start of the year. Since then, PLD stock has decreased by 8.0% and is now trading at $122.68.
View the best growth stocks for 2024 here
.

How were Prologis' earnings last quarter?

Prologis, Inc. (NYSE:PLD) posted its earnings results on Wednesday, July, 17th. The real estate investment trust reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by $0.41. The business's revenue was down 18.1% compared to the same quarter last year.
Read the conference call transcript
.

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.

Does Prologis have any subsidiaries?

Prologis subsidiaries include these companies: Liberty Property Trust, Industrial Property Trust, DCT Industrial, KTR Capital Partners, AMB Asia LLC, AMB HFC LP, DCT Industrial TRS Inc., and others.

Who are Prologis' major shareholders?

Prologis' top institutional shareholders include Bank of New York Mellon Corp (0.69%), Swedbank AB (0.54%), Sumitomo Mitsui Trust Holdings Inc. (0.47%) and PGGM Investments (0.22%). Insiders that own company stock include Irving F Lyons III, James B Connor, Avid Modjtabai, David P Oconnor, George L Fotiades, William D Zollars and Hamid R Moghadam.
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.

What other stocks do shareholders of Prologis own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Prologis investors own include NVIDIA (NVDA), Walt Disney (DIS), Cisco Systems (CSCO), Home Depot (HD), Salesforce (CRM), AbbVie (ABBV) and Johnson & Johnson (JNJ).

This page (NYSE:PLD) was last updated on 7/27/2024 by MarketBeat.com Staff

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