Prologis (PLD) Stock Price, News & Analysis

$103.44
+0.26 (+0.25%)
(As of 10:51 AM ET)
Today's Range
$101.64
$103.50
50-Day Range
$103.18
$135.07
52-Week Range
$96.64
$137.52
Volume
792,516 shs
Average Volume
3.44 million shs
Market Capitalization
$95.69 billion
P/E Ratio
30.25
Dividend Yield
3.71%
Price Target
$135.41

Prologis MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.81 Rating Score
Upside/​Downside
31.2% Upside
$135.41 Price Target
Short Interest
Healthy
1.10% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.89
Upright™ Environmental Score
News Sentiment
0.27mentions of Prologis in the last 14 days
Based on 37 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
13.03%
From $5.45 to $6.16 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.

4.97 out of 5 stars

Finance Sector

11th out of 857 stocks

Real Estate Investment Trusts Industry

2nd 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 December 31, 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 (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

Prologis Stock Leading U.S. Logistics Boom
The U.S. real estate sector has been one of the worst-performing spaces in the past 12 months. The Vanguard Real Estate ETF NYSEARCA: VNQ fell behind the broader S&P 500 index by as much as 24% during this period.
Prologis Stock Leading U.S. Logistics Boom
Logistics and warehousing real estate may come in handy during the manufacturing boom coming to U.S, markets. Prologis stock is the outlier as a bull pick.
World’s biggest multibillionaire investor is buying THIS by the ton [picture]
Don't Buy Bullion or Mining Stocks. Do THIS Instead As gold continues to break all-time highs, many folks will run out and buy bullion or mining stocks. That's not the best way to ride this gold bull market higher. Note, this showed a 995% gain the last time we shared this same investment idea.
Prologis (NYSE:PLD) Downgraded by StockNews.com to "Sell"
7 REITs to Buy Now: Q2 Edition
Goldman Sachs Keeps Their Buy Rating on Prologis (PLD)
What Just Happened To Prologis?
World’s biggest multibillionaire investor is buying THIS by the ton [picture]
Don't Buy Bullion or Mining Stocks. Do THIS Instead As gold continues to break all-time highs, many folks will run out and buy bullion or mining stocks. That's not the best way to ride this gold bull market higher. Note, this showed a 995% gain the last time we shared this same investment idea.
Argus Trims Prologis (NYSE:PLD) Target Price to $120.00
12 Analysts Have This To Say About Prologis
Prologis (NYSE:PLD) Price Target Cut to $123.00
UBS Group Lowers Prologis (NYSE:PLD) Price Target to $138.00
Prologis Unusual Options Activity
30 Countries with Carbon Tax in the World
Prologis (NYSE:PLD) Price Target Lowered to $135.00 at Barclays
See More Headlines
Receive PLD Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Prologis and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
1/17/2024
Ex-Dividend for 3/29 Dividend
3/15/2024
Dividend Payable
3/29/2024
Today
4/25/2024
Next Earnings (Estimated)
7/16/2024
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
$135.41
High Stock Price Target
$154.00
Low Stock Price Target
$112.00
Potential Upside/Downside
+31.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.81
Research Coverage
16 Analysts

Profitability

Net Income
$3.06 billion
Pretax Margin
43.81%

Debt

Sales & Book Value

Annual Sales
$8.02 billion
Cash Flow
$5.37 per share
Book Value
$62.48 per share

Miscellaneous

Free Float
919,868,000
Market Cap
$95.45 billion
Optionable
Optionable
Beta
1.00

Social Links

7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed Investors Cover

As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.

Get This Free Report

Key Executives

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, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets, providing a strong competitive advantage in the industry.
  • The company owns or has investments in properties and development projects totaling approximately 1.2 billion square feet in 19 countries, indicating a widespread and diversified real estate portfolio.
  • Prologis leases modern logistics facilities to a diverse base of approximately 6,700 customers, ensuring a stable and broad revenue stream.
  • With a focus on high-growth markets, Prologis is well-positioned to capitalize on the increasing demand for logistics real estate driven by e-commerce growth and supply chain optimization.
  • Recent positive stock analyst ratings and institutional investor holdings indicate confidence in the company's performance and potential growth.

Cons

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

  • Real estate investment trusts (REITs) like Prologis are subject to interest rate risk, as rising interest rates can negatively impact the value of real estate assets and increase borrowing costs.
  • The industrial REIT subindustry, where Prologis operates, may face challenges during economic downturns or disruptions in global trade, affecting demand for logistics real estate.
  • Market volatility and economic uncertainties can impact the performance of real estate investments, including those held by Prologis, leading to fluctuations in stock prices.
  • Investing in real estate involves risks related to property market conditions, regulatory changes, and potential environmental liabilities that could affect Prologis' operations and financial performance.
  • It is essential for investors to consider the current stock price of Prologis and evaluate whether it aligns with their investment goals and risk tolerance before making investment decisions.
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 Friday, April 12, 2024. Please send any questions or comments about these Prologis pros and cons to contact@marketbeat.com.

PLD Stock Analysis - Frequently Asked Questions

Should I buy or sell Prologis stock right now?

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Prologis in the last twelve months. There are currently 4 hold ratings, 11 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.
View PLD analyst ratings
or view top-rated stocks.

What is Prologis' stock price target for 2024?

16 brokerages have issued twelve-month price targets for Prologis' shares. Their PLD share price targets range from $112.00 to $154.00. On average, they expect the company's stock price to reach $135.41 in the next year. This suggests a possible upside of 31.2% 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 2024?

Prologis' stock was trading at $133.30 on January 1st, 2024. Since then, PLD shares have decreased by 22.6% and is now trading at $103.18.
View the best growth stocks for 2024 here
.

When is Prologis' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 16th 2024.
View our PLD earnings forecast
.

How were Prologis' earnings last quarter?

Prologis, Inc. (NYSE:PLD) posted its quarterly earnings results on Wednesday, January, 17th. The real estate investment trust reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $1.26 by $0.58. The real estate investment trust had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.85 billion. Prologis had a net margin of 38.73% and a trailing twelve-month return on equity of 5.49%. Prologis's quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.24 earnings per share.
Read the conference call transcript
.

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

Prologis declared a quarterly dividend on Thursday, February 22nd. Shareholders of record on Monday, March 18th will be given a dividend of $0.96 per share on Friday, March 29th. This represents a $3.84 annualized dividend and a dividend yield of 3.72%. The ex-dividend date is Friday, March 15th. This is a positive change from the stock's previous quarterly dividend of $0.87.
Read our dividend analysis for PLD
.

Is Prologis a good dividend stock?

Prologis (NYSE:PLD) pays an annual dividend of $3.84 per share and currently has a dividend yield of 3.66%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 112.28%. 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 62.34% 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 issued an update on its FY24 earnings guidance on Wednesday, April, 17th. The company provided EPS guidance of $5.45-5.55 for the period, compared to the consensus estimate of $5.50.

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 many different retail and institutional investors. Top institutional shareholders include Valeo Financial Advisors LLC (5.28%), Sumitomo Mitsui Trust Holdings Inc. (0.49%), AMF Tjanstepension AB (0.25%), Sarasin & Partners LLP (0.16%), Vaughan Nelson Investment Management L.P. (0.12%) and Raymond James & Associates (0.10%). Insiders that own company stock include Avid Modjtabai, David P Oconnor, George L Fotiades, Hamid R Moghadam, Irving F Lyons III, James B Connor, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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 4/25/2024 by MarketBeat.com Staff

From Our Partners