Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of September 30, 2018, 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 771 million square feet (72 million square meters) in 19 countries. Prologis leases modern distribution facilities to a diverse base of approximately 5,500 customers across two major categories: business-to-business and retail/online fulfillment.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryIndustrial REITs
SectorFinance
Current SymbolNYSE:PLD
Previous SymbolNYSE:AMB
CUSIP74340W10
Phone415-394-9000
Debt
Debt-to-Equity Ratio0.44
Current Ratio0.32
Quick Ratio0.32
Price-To-Earnings
Trailing P/E Ratio23.06
Forward P/E Ratio21.46
P/E Growth4.27
Sales & Book Value
Annual Sales$2.62 billion
Price / Sales15.58
Cash Flow$4.7584 per share
Price / Cash Flow13.62
Book Value$35.02 per share
Price / Book1.85
Profitability
EPS (Most Recent Fiscal Year)$2.81
Net Income$1.65 billion
Net Margins51.66%
Return on Equity6.65%
Return on Assets4.26%
Miscellaneous
Employees1,565
Outstanding Shares629,530,000
Market Cap$40.80 billion
OptionableOptionable
Prologis (NYSE:PLD) Frequently Asked Questions
What is Prologis' stock symbol?
Prologis trades on the New York Stock Exchange (NYSE) under the ticker symbol "PLD."
How often does Prologis pay dividends? What is the dividend yield for Prologis?
Prologis announced a quarterly dividend on Thursday, December 6th. Stockholders of record on Tuesday, December 18th will be given a dividend of $0.48 per share on Monday, December 31st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend is Monday, December 17th. View Prologis' Dividend History.
How were Prologis' earnings last quarter?
Prologis Inc (NYSE:PLD) released its earnings results on Tuesday, October, 16th. The real estate investment trust reported $0.72 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.71 by $0.01. The real estate investment trust had revenue of $611 million for the quarter, compared to analysts' expectations of $582.23 million. Prologis had a net margin of 51.66% and a return on equity of 6.65%. The company's revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.63 EPS. View Prologis' Earnings History.
When is Prologis' next earnings date?
What guidance has Prologis issued on next quarter's earnings?
Prologis issued an update on its FY 2018 earnings guidance on Tuesday, October, 16th. The company provided earnings per share guidance of $3.00-3.04 for the period. Prologis also updated its FY18 guidance to $3.01-3.03 EPS.
What price target have analysts set for PLD?
13 brokers have issued 1-year target prices for Prologis' stock. Their forecasts range from $68.00 to $79.00. On average, they anticipate Prologis' stock price to reach $71.6923 in the next year. This suggests a possible upside of 10.6% from the stock's current price. View Analyst Price Targets for Prologis.
What is the consensus analysts' recommendation for Prologis?
13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Prologis in the last year. There are currently 2 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Prologis.
What are Wall Street analysts saying about Prologis stock?
Here are some recent quotes from research analysts about Prologis stock:
- 1. According to Zacks Investment Research, "Prologis reported third-quarter 2018 core funds from operations (FFO) per share of 72 cents, beating the Zacks Consensus Estimate by a penny. The company witnessed solid top-line growth in the quarter, while period-end occupancy remained high. Management noted that integration of the DCT Industrial acquisition on Aug 22 is complete and the expected run rate of $80 million per year of immediate savings has already been attained. The company remains well poised to grow as high consumer spending, e-commerce boom and a healthy manufacturing environment amid recovering economy and job market are spurring demand for the industrial real estate category.Further, shares of Prologis have outperformed its industry over the past three months. Nonetheless, a whole lot of new buildings are slated to be completed and made available in the market in the near term. Also, intensifying trade tensions and rate hike remain other concerns." (10/22/2018)
- 2. Cantor Fitzgerald analysts commented, "4Q Cash SSNOI (PLD share) increased 5.5% driven by US up 6.8%. The growth was largely driven by rents; cash rents up 8.8% as occupancy remained robust (+10bps y/y to 97.2%)." (1/23/2018)
Has Prologis been receiving favorable news coverage?
News coverage about PLD stock has been trending somewhat positive this week, InfoTrie reports. The research firm identifies positive and negative press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Prologis earned a daily sentiment score of 1.0 on InfoTrie's scale. They also gave media coverage about the real estate investment trust a news buzz of 4.0 out of 10, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next several days.
Who are some of Prologis' key competitors?
Some companies that are related to Prologis include American Tower (AMT), Simon Property Group (SPG), CROWN CASTLE In/SH SH (CCI), Public Storage (PSA), Equinix (EQIX), Welltower (WELL), AvalonBay Communities (AVB), Equity Residential (EQR), DIGITAL RLTY TR/SH (DLR), Ventas (VTR), Realty Income (O), SBA Communications (SBAC), Boston Properties (BXP), Weyerhaeuser (WY) and Essex Property Trust (ESS).
Who are Prologis' key executives?
Prologis' management team includes the folowing people:
- Mr. Hamid R. Moghadam, Chairman & CEO (Age 61)
- Mr. Thomas S. Olinger, Chief Financial Officer (Age 51)
- Mr. Michael S. Curless, Chief Investment Officer (Age 54)
- Mr. Edward S. Nekritz, Chief Legal Officer, Gen. Counsel & Sec. (Age 52)
- Mr. Gary E. Anderson, Chief Exec. Officer of Europe & Asia (Age 52)
Who are Prologis' major shareholders?
Prologis' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (12.99%), Vanguard Group Inc (12.99%), BlackRock Inc. (10.38%), Cohen & Steers Inc. (3.58%), FMR LLC (3.12%) and JPMorgan Chase & Co. (2.71%). Company insiders that own Prologis stock include Carl B Webb, Edward S Nekritz, Eugene F Reilly, Gary E Anderson, Hamid R Moghadam, Irving F Lyons III, J Michael Losh, Jeffrey L Skelton, Lori A Palazzolo, Michael S Curless, Philip L Hawkins, Thomas S Olinger and William D Zollars. View Institutional Ownership Trends for Prologis.
Which major investors are selling Prologis stock?
PLD stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, MERIAN GLOBAL INVESTORS UK Ltd, Mitsubishi UFJ Trust & Banking Corp, Barings LLC, Jane Street Group LLC, Land & Buildings Investment Management LLC, Sarasin & Partners LLP and TCW Group Inc.. Company insiders that have sold Prologis company stock in the last year include Edward S Nekritz, Eugene F Reilly, Irving F Lyons III, J Michael Losh, Jeffrey L Skelton, Michael S Curless, Philip L Hawkins, Thomas S Olinger and William D Zollars. View Insider Buying and Selling for Prologis.
Which major investors are buying Prologis stock?
PLD stock was acquired by a variety of institutional investors in the last quarter, including Vanguard Group Inc, Vanguard Group Inc., JPMorgan Chase & Co., BlackRock Inc., OppenheimerFunds Inc., FMR LLC, Cohen & Steers Inc. and Deutsche Bank AG. View Insider Buying and Selling for Prologis.
How do I buy shares of Prologis?
Shares of PLD can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Prologis' stock price today?
One share of PLD stock can currently be purchased for approximately $64.81.
How big of a company is Prologis?
Prologis has a market capitalization of $40.80 billion and generates $2.62 billion in revenue each year. The real estate investment trust earns $1.65 billion in net income (profit) each year or $2.81 on an earnings per share basis. Prologis employs 1,565 workers across the globe.
What is Prologis' official website?
How can I contact Prologis?
Prologis' mailing address is PIER 1 BAY 1, SAN FRANCISCO CA, 94111. The real estate investment trust can be reached via phone at 415-394-9000 or via email at [email protected]
MarketBeat Community Rating for Prologis (NYSE PLD)
MarketBeat's community ratings are surveys of what our community members think about Prologis and other stocks. Vote "Outperform" if you believe PLD will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PLD will underperform the S&P 500 over the long term. You may vote once every thirty days.
