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Prologis - PLD Stock Forecast, Price & News

$134.41
+1.51 (+1.14%)
(As of 08/10/2022 12:00 AM ET)
Add
Compare
Today's Range
$132.92
$135.49
50-Day Range
$108.43
$132.90
52-Week Range
$106.46
$174.54
Volume
2.33 million shs
Average Volume
3.76 million shs
Market Capitalization
$99.51 billion
P/E Ratio
26.88
Dividend Yield
2.38%
Price Target
$170.92

Prologis MarketRank™ Forecast

Analyst Rating
Buy
3.22 Rating Score
Upside/​Downside
27.2% Upside
$170.92 Price Target
Short Interest
Healthy
2.32% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.02
Upright™ Environmental Score
News Sentiment
0.12mentions of Prologis in the last 14 days
Based on 7 Articles This Week
Insider Trading
Acquiring Shares
$1.78 M Bought Last Quarter
Proj. Earnings Growth
11.41%
From $5.17 to $5.76 Per Share

Overall MarketRank

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

3.12 out of 5 stars

Finance Sector

72nd out of 904 stocks

Real Estate Investment Trusts Industry

4th out of 196 stocks

PLD stock logo

About Prologis (NYSE:PLD) Stock

Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2020, 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 984 million square feet (91 million square meters) in 19 countries. Prologis leases modern logistics facilities to a diverse base of approximately 5,500 customers principally across two major categories: business-to-business and retail/online fulfillment.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Robert W. Baird raised their target price on Prologis from $152.00 to $175.00 in a research report on Wednesday, April 20th. Jefferies Financial Group reduced their price objective on Prologis from $174.00 to $146.00 and set a "buy" rating for the company in a research report on Thursday, June 30th. Truist Financial reduced their price objective on Prologis from $166.00 to $162.00 and set a "na" rating for the company in a research report on Monday, May 16th. Wells Fargo & Company reduced their price objective on Prologis from $184.00 to $160.00 in a research report on Monday, June 6th. Finally, Barclays reduced their price objective on Prologis from $190.00 to $183.00 and set an "overweight" rating for the company in a research report on Thursday, July 21st. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Prologis has an average rating of "Buy" and an average price target of $170.92.

Prologis Trading Up 1.3 %

Prologis stock opened at $132.90 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.59 and a current ratio of 0.15. The business's 50-day simple moving average is $122.62 and its 200-day simple moving average is $140.39. The firm has a market capitalization of $98.40 billion, a PE ratio of 26.58, a PEG ratio of 2.59 and a beta of 0.87. Prologis has a 52 week low of $106.46 and a 52 week high of $174.54.

Prologis (NYSE:PLD - Get Rating) last posted its quarterly earnings data on Monday, July 18th. The real estate investment trust reported $0.82 EPS for the quarter, missing analysts' consensus estimates of $1.12 by ($0.30). The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.09 billion. Prologis had a return on equity of 9.85% and a net margin of 75.72%. The company's revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.01 earnings per share. Equities research analysts forecast that Prologis will post 5.17 earnings per share for the current year.

Insider Transactions at Prologis

In other Prologis news, Director Avid Modjtabai acquired 15,000 shares of the company's stock in a transaction dated Friday, May 20th. The shares were acquired at an average cost of $118.65 per share, for a total transaction of $1,779,750.00. Following the completion of the purchase, the director now owns 15,000 shares of the company's stock, valued at approximately $1,779,750. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.70% of the stock is currently owned by corporate insiders.

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PLD Stock News Headlines

27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
Prologis (NYSE:PLD) PT Lowered to $150.00 at Truist Financial
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
Here's Why Prologis Sees Huge Rent Increases
Is Trending Stock Prologis, Inc. (PLD) a Buy Now?
Prologis (NYSE:PLD) PT Set at $134.00 by Evercore ISI
See More Headlines
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PLD Company Calendar

Ex-Dividend for 6/30 Dividend
6/15/2022
Dividend Payable
6/30/2022
Last Earnings
7/18/2022
Today
8/10/2022
Next Earnings (Estimated)
10/21/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Industrial REITs
Sector
Finance
CUSIP
74340W10
Employees
2,053
Year Founded
1983

Price Target and Rating

Average Stock Price Forecast
$170.92
High Stock Price Forecast
$209.00
Low Stock Price Forecast
$134.00
Forecasted Upside/Downside
+27.2%
Consensus Rating
Buy
Rating Score (0-4)
3.22
Research Coverage
9 Analysts

Profitability

Net Income
$2.94 billion
Pretax Margin
84.01%

Debt

Sales & Book Value

Annual Sales
$4.76 billion
Cash Flow
$6.06 per share
Book Value
$50.96 per share

Miscellaneous

Free Float
735,193,000
Market Cap
$99.51 billion
Optionable
Optionable
Beta
0.87

Social Links


Key Executives














PLD Stock - Frequently Asked Questions

Should I buy or sell Prologis stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Prologis in the last twelve months. There are currently 7 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PLD shares.
View PLD analyst ratings
or view top-rated stocks.

What is Prologis' stock price forecast for 2022?

9 Wall Street research analysts have issued 12 month target prices for Prologis' shares. Their PLD share price forecasts range from $134.00 to $209.00. On average, they predict the company's share price to reach $170.92 in the next year. This suggests a possible upside of 27.9% 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 2022?

Prologis' stock was trading at $168.36 on January 1st, 2022. Since then, PLD stock has decreased by 20.6% and is now trading at $133.68.
View the best growth stocks for 2022 here
.

When is Prologis' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, October 21st 2022.
View our PLD earnings forecast
.

How were Prologis' earnings last quarter?

Prologis, Inc. (NYSE:PLD) announced its quarterly earnings results on Monday, July, 18th. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by $0.30. The real estate investment trust had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.09 billion. Prologis had a net margin of 75.72% and a trailing twelve-month return on equity of 9.85%. Prologis's quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.01 EPS.
Read the conference call transcript
.

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

Prologis announced a quarterly dividend on Wednesday, May 4th. Shareholders of record on Thursday, June 16th will be paid a dividend of $0.79 per share on Thursday, June 30th. This represents a $3.16 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend is Wednesday, June 15th.
Read our dividend analysis for PLD
.

Is Prologis a good dividend stock?

Prologis (NYSE:PLD) pays an annual dividend of $3.16 per share and currently has a dividend yield of 2.41%. The company has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 63.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PLD will have a dividend payout ratio of 54.86% 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 FY 2022 earnings guidance on Tuesday, August, 2nd. The company provided earnings per share guidance of $4.54-$4.58 for the period. 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).

What is Prologis' stock symbol?

Prologis trades on the New York Stock Exchange (NYSE) under the ticker symbol "PLD."

Who are Prologis' major shareholders?

Prologis' stock is owned by many different institutional and retail investors. Top institutional shareholders include Lazard Asset Management LLC (0.76%), Sumitomo Mitsui Trust Holdings Inc. (0.54%), Swiss National Bank (0.43%), Russell Investments Group Ltd. (0.39%), Aew Capital Management L P (0.34%) and Asset Management One Co. Ltd. (0.22%). Insiders that own company stock include Avid Modjtabai, George L Fotiades, Hamid R Moghadam, Irving F Lyons III, Jeffrey L Skelton, Lydia H Kennard, 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.

What is Prologis' stock price today?

One share of PLD stock can currently be purchased for approximately $133.68.

How much money does Prologis make?

Prologis (NYSE:PLD) has a market capitalization of $98.97 billion and generates $4.76 billion in revenue each year. The real estate investment trust earns $2.94 billion in net income (profit) each year or $5.00 on an earnings per share basis.

How many employees does Prologis have?

The company employs 2,053 workers across the globe.

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

When was Prologis founded?

Prologis was founded in 1983.

How can I contact Prologis?

Prologis' mailing address is PIER 1 BAY 1, SAN FRANCISCO CA, 94111. The official website for the company is www.prologis.com. The real estate investment trust can be reached via phone at (415) 394-9000, via email at tward@prologis.com, or via fax at 415-394-9001.

This page (NYSE:PLD) was last updated on 8/10/2022 by MarketBeat.com Staff

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