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

$119.32
+1.06 (+0.90%)
(As of 01:15 PM ET)
Compare
Today's Range
$117.39
$119.89
50-Day Range
$97.32
$118.27
52-Week Range
$96.64
$136.67
Volume
1.41 million shs
Average Volume
3.00 million shs
Market Capitalization
$110.25 billion
P/E Ratio
36.83
Dividend Yield
2.92%
Price Target
$139.00

Prologis MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.92 Rating Score
Upside/​Downside
16.3% Upside
$139.00 Price Target
Short Interest
Healthy
1.09% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.08
Upright™ Environmental Score
News Sentiment
0.65mentions of Prologis in the last 14 days
Based on 25 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-1.25%
From $5.60 to $5.53 Per Share

Overall MarketRank

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

2.59 out of 5 stars

Finance Sector

163rd out of 828 stocks

Real Estate Investment Trusts Industry

28th out of 175 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 September 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 Stock Price History

PLD Stock News Headlines

New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Why Prologis (PLD) is a Top Stock for the Long-Term
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Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Prologis' (PLD) Buy Rating Reaffirmed at Truist Financial
What 7 Analyst Ratings Have To Say About Prologis
Prologis announces high-level appointments
9 of the Best REITs to Buy Now
Will there be logistics demand for all that dirt?
Is Prologis (PLD) a Good Long-Term Investment?
See More Headlines
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Company Calendar

Ex-Dividend for 9/29 Dividend
9/15/2023
Dividend Payable
9/29/2023
Last Earnings
10/17/2023
Today
12/04/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
1/17/2024

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 Target
$139.00
High Stock Price Target
$170.00
Low Stock Price Target
$120.00
Potential Upside/Downside
+17.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.92
Research Coverage
12 Analysts

Profitability

Net Income
$3.36 billion
Pretax Margin
42.70%

Debt

Sales & Book Value

Annual Sales
$5.97 billion
Cash Flow
$5.34 per share
Book Value
$62.99 per share

Miscellaneous

Free Float
919,351,000
Market Cap
$109.27 billion
Optionable
Optionable
Beta
1.04

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PLD Stock Analysis - Frequently Asked Questions

Should I buy or sell Prologis stock right now?

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.
View PLD analyst ratings
or view top-rated stocks.

What is Prologis' stock price target for 2024?

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.
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 at the beginning of 2023. Since then, PLD stock has increased by 5.2% and is now trading at $118.56.
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, January 17th 2024.
View our PLD earnings forecast
.

How were Prologis' earnings last quarter?

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.
Read the conference call transcript
.

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

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
.

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 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.

What guidance has Prologis issued on next quarter's earnings?

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 -.

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).

Who are Prologis' major shareholders?

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.
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.

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
This page (NYSE:PLD) was last updated on 12/4/2023 by MarketBeat.com Staff

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