Prologis (PLD) Stock Price, News & Analysis

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Prologis in the last twelve months. There are currently 3 hold ratings, 10 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PLD shares.
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14 brokerages have issued twelve-month price targets for Prologis' stock. Their PLD share price targets range from $120.00 to $170.00. On average, they predict the company's share price to reach $141.67 in the next twelve months. This suggests a possible upside of 22.9% from the stock's current price.
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Prologis' stock was trading at $133.30 at the beginning of 2024. Since then, PLD shares have decreased by 13.5% and is now trading at $115.31.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 17th 2024.
View our PLD earnings forecast.

Prologis will be holding an earnings conference call on Wednesday, April 17th at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 201-612-7415 with passcode "13745294".

Prologis, Inc. (NYSE:PLD) released its quarterly earnings data on Wednesday, January, 17th. The real estate investment trust reported $0.68 earnings per share 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 38.13% and a trailing twelve-month return on equity of 5.29%. The business's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the firm posted $1.24 earnings per share.
Read the conference call transcript.

Prologis declared a quarterly dividend on Thursday, February 22nd. Stockholders 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 yield of 3.33%. The ex-dividend date is Friday, March 15th. This is an increase from the stock's previous quarterly dividend of $0.87.
Read our dividend analysis for PLD.

Prologis (NYSE:PLD) pays an annual dividend of $3.84 per share and currently has a dividend yield of 3.23%. 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 116.72%. 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 62.24% 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), SP Funds S&P Global REIT Sharia ETF (SPRE), Real Estate Select Sector SPDR Fund (XLRE), SPDR Dow Jones REIT ETF (RWR), First Trust S&P REIT Index Fund (FRI), JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) and iShares Core U.S. REIT ETF (USRT).

Prologis updated its FY 2024 earnings guidance on Thursday, January, 18th. The company provided EPS guidance of 5.420-5.560 for the period, compared to the consensus EPS estimate of 5.600. 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 investors include AMF Tjanstepension AB (0.25%), Sarasin & Partners LLP (0.16%), Hazelview Securities Inc. (0.05%), Gateway Investment Advisers LLC (0.03%), Wealth Enhancement Advisory Services LLC (0.03%) and Czech National Bank (0.02%). 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.
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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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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