Prologis - PLD Stock Forecast, Price & News

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Prologis in the last year. There are currently 1 hold rating, 17 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" PLD shares.
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19 equities research analysts have issued twelve-month price targets for Prologis' shares. Their PLD share price forecasts range from $116.00 to $200.00. On average, they anticipate the company's share price to reach $144.85 in the next year. This suggests a possible upside of 23.7% from the stock's current price.
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Prologis' stock was trading at $112.73 at the beginning of 2023. Since then, PLD shares have increased by 3.9% and is now trading at $117.09.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 18th 2023.
View our PLD earnings forecast.

Prologis, Inc. (NYSE:PLD) announced its quarterly earnings data on Wednesday, January, 18th. The real estate investment trust reported $1.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.03. The real estate investment trust earned $1.75 billion during the quarter, compared to analyst estimates of $1.46 billion. Prologis had a trailing twelve-month return on equity of 7.71% and a net margin of 56.33%. The company's quarterly revenue was up 37.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.12 earnings per share.
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Prologis announced a quarterly dividend on Thursday, February 23rd. Stockholders of record on Friday, March 17th will be given a dividend of $0.87 per share on Friday, March 31st. This represents a $3.48 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date is Thursday, March 16th. This is a positive change from the stock's previous quarterly dividend of $0.79.
Read our dividend analysis for PLD.

ETFs with the largest weight of Prologis (NYSE:PLD) stock in their portfolio include Pacer Industrial Real Estate ETF (INDS), JPMorgan Realty Income ETF (JPRE), Janus Henderson U.S. Real Estate ETF (JRE), Real Estate Select Sector SPDR Fund (XLRE), SPDR Dow Jones REIT ETF (RWR), SP Funds S&P Global REIT Sharia ETF (SPRE), First Trust S&P REIT Index Fund (FRI) and JPMorgan BetaBuilders MSCI US REIT ETF (BBRE).

Prologis (NYSE:PLD) pays an annual dividend of $3.48 per share and currently has a dividend yield of 3.00%. 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 80.00%. 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 62.14% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PLD.

Prologis issued an update on its FY 2023 earnings guidance on Wednesday, January, 18th. The company provided earnings per share (EPS) guidance of $5.00-$5.10 for the period. 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "PLD."

Prologis' stock is owned by a variety of institutional and retail investors. Top institutional investors include Geode Capital Management LLC (1.96%), Morgan Stanley (1.58%), Price T Rowe Associates Inc. MD (1.35%), Dimensional Fund Advisors LP (1.35%), Legal & General Group Plc (1.21%) and Principal Financial Group Inc. (1.20%). Insiders that own company stock include Avid Modjtabai, David P Oconnor, George L Fotiades, Hamid R Moghadam, Irving F Lyons III, Jeffrey L Skelton, Lydia H Kennard, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PLD stock can currently be purchased for approximately $117.09.

Prologis (NYSE:PLD) has a market capitalization of $108.12 billion and generates $5.97 billion in revenue each year. The real estate investment trust earns $3.36 billion in net income (profit) each year or $4.35 on an earnings per share basis.

The company employs 2,466 workers across the globe.

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.