Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of March 31, 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 683 million square feet (63 million square meters) in 19 countries. Prologis leases modern distribution facilities to a diverse base of approximately 5,000 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
SymbolNYSE:PLD
CUSIP74340W10
Phone415-394-9000
Debt
Debt-to-Equity Ratio0.51
Current Ratio0.66
Quick Ratio0.66
Price-To-Earnings
Trailing P/E Ratio22.51
Forward P/E Ratio21.06
P/E Growth4.54
Sales & Book Value
Annual Sales$2.62 billion
Price / Sales12.83
Cash Flow$4.6064 per share
Price / Cash13.67
Book Value$35.02 per share
Price / Book1.80
Profitability
EPS (Most Recent Fiscal Year)$2.81
Net Income$1.65 billion
Net Margins67.65%
Return on Equity9.86%
Return on Assets6.10%
Miscellaneous
Employees1,565
Outstanding Shares533,240,000
Market Cap$34,681.73
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 Wednesday, May 2nd. Shareholders of record on Thursday, June 14th will be paid a dividend of $0.48 per share on Friday, June 29th. This represents a $1.92 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Wednesday, June 13th. View Prologis' Dividend History.
How were Prologis' earnings last quarter?
Prologis Inc (NYSE:PLD) released its quarterly earnings results on Tuesday, July, 17th. The real estate investment trust reported $0.71 earnings per share for the quarter, meeting the Zacks' consensus estimate of $0.71. The real estate investment trust had revenue of $621 million for the quarter, compared to analyst estimates of $557.43 million. Prologis had a return on equity of 9.86% and a net margin of 67.65%. Prologis's revenue was down 18.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.84 EPS. View Prologis' Earnings History.
What guidance has Prologis issued on next quarter's earnings?
Prologis issued an update on its FY18 earnings guidance on Tuesday, July, 17th. The company provided earnings per share guidance of $2.98-3.02 for the period, compared to the Thomson Reuters consensus estimate of $3.00.
What price target have analysts set for PLD?
15 analysts have issued twelve-month target prices for Prologis' shares. Their predictions range from $64.00 to $79.00. On average, they anticipate Prologis' share price to reach $69.60 in the next year. This suggests a possible upside of 10.5% from the stock's current price. View Analyst Ratings for Prologis.
What is the consensus analysts' recommendation for Prologis?
15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Prologis in the last year. There are currently 1 hold rating and 14 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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’ second-quarter 2018 core funds from operations (FFO) per share came in line with the Zacks Consensus Estimate. Although the company witnessed a weak top line in the quarter, period-end occupancy remained high. Also, Prologis increased and narrowed its guidance for 2018 core FFO per share. Notably, the industrial real estate market is currently enjoying elevated demand for logistics infrastructure amid e-commerce boom and improving economy. Given Prologis’ solid capacity, it remains well poised to capitalize on this trend. Also, shares of Prologis have outperformed its industry in the past year. However, with rising supply of industrial real estate space, there is lesser scope for robust rent and occupancy growth. Any protectionist trade policies will also have an adverse impact on economic growth, as well as the company’s business over the long term. Rate hike remains another concern." (7/18/2018)
- 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)
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), Weyerhaeuser (WY), AvalonBay Communities (AVB), DIGITAL Rlty Tr/SH SH (DLR), Equity Residential (EQR), Welltower (WELL), UNIBAIL-RODAMCO/ADR (UNRDY), Ventas (VTR), GGP (GGP), Boston Properties (BXP) and SBA Communications (SBAC).
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)
Has Prologis been receiving favorable news coverage?
Media headlines about PLD stock have been trending positive on Wednesday, Accern Sentiment reports. The research firm identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Prologis earned a coverage optimism score of 0.29 on Accern's scale. They also gave media coverage about the real estate investment trust an impact score of 46.29 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
Who are Prologis' major shareholders?
Prologis' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Swedbank (0.43%), Westpac Banking Corp (0.13%), NN Investment Partners Holdings N.V. (0.13%), Retirement Systems of Alabama (0.10%), Bank of Montreal Can (0.07%) and State of Alaska Department of Revenue (0.06%). Company insiders that own Prologis stock include Carl B Webb, Edward S Nekritz, Eugene F Reilly, Gary E Anderson, Hamid R Moghadam, J Michael Losh, Jeffrey L Skelton, Lori A Palazzolo, Michael S Curless, 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 NN Investment Partners Holdings N.V., Swedbank, State of Alaska Department of Revenue, Meag Munich Ergo Kapitalanlagegesellschaft MBH, Westpac Banking Corp, Bank of Montreal Can, Fisher Asset Management LLC and Pendal Group Ltd. Company insiders that have sold Prologis company stock in the last year include Carl B Webb, Edward S Nekritz, Eugene F Reilly, J Michael Losh, Jeffrey L Skelton, Lori A Palazzolo, Michael S Curless, Thomas S Olinger and William D Zollars. View Insider Buying and Selling for Prologis.
Which major investors are buying Prologis stock?
PLD stock was purchased by a variety of institutional investors in the last quarter, including Xact Kapitalforvaltning AB, Columbia Partners L L C Investment Management, Retirement Systems of Alabama, Calamos Advisors LLC, Fox Run Management L.L.C., Fjarde AP Fonden Fourth Swedish National Pension Fund, IFM Investors Pty Ltd and First Citizens Bank & Trust Co.. 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 $62.97.
How big of a company is Prologis?
Prologis has a market capitalization of $34.68 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.
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.
