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 Ratio23.95
Forward P/E Ratio22.29
P/E Growth4.45
Sales & Book Value
Annual Sales$2.62 billion
Price / Sales16.18
Cash Flow$4.7401 per share
Price / Cash14.20
Book Value$40.30 per share
Price / Book1.67
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$42.53 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, September 6th. Shareholders of record on Monday, September 17th will be given a dividend of $0.48 per share on Friday, September 28th. This represents a $1.92 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date is Friday, September 14th. View Prologis' Dividend History.
How were Prologis' earnings last quarter?
Prologis Inc (NYSE:PLD) released its quarterly earnings data on Tuesday, October, 16th. The real estate investment trust reported $0.72 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.71 by $0.01. The real estate investment trust earned $611 million during the quarter, compared to analyst estimates of $582.23 million. Prologis had a net margin of 51.66% and a return on equity of 6.65%. Prologis's revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.63 earnings per share. View Prologis' Earnings History.
When is Prologis' next earnings date?
What guidance has Prologis issued on next quarter's earnings?
Prologis updated its FY 2018 earnings guidance on Tuesday, October, 16th. The company provided EPS 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?
14 brokerages have issued 12-month target prices for Prologis' shares. 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 6.5% from the stock's current price. View Analyst Price Targets for Prologis.
What is the consensus analysts' recommendation for Prologis?
14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Prologis in the last year. There are currently 2 hold ratings and 12 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?
Media coverage about PLD stock has been trending somewhat positive on Saturday, according to InfoTrie. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Prologis earned a media sentiment score of 1.7 on InfoTrie's scale. They also assigned news stories about the real estate investment trust a news buzz of 8.0 out of 10, indicating that recent news coverage is very likely to have an impact on the stock's share price in the near future.
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), Weyerhaeuser (WY), SBA Communications (SBAC), Boston Properties (BXP), Realty Income (O) and Brookfield Property Reit (BPR).
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 a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.38%), Cohen & Steers Inc. (3.58%), FMR LLC (3.12%), JPMorgan Chase & Co. (2.71%), Dimensional Fund Advisors LP (1.51%) and Deutsche Bank AG (1.25%). 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, Lori A Palazzolo, 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 bought by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., BlackRock Inc., OppenheimerFunds Inc., FMR LLC, Cohen & Steers Inc., Deutsche Bank AG, Brookfield Asset Management Inc. and Dimensional Fund Advisors LP. 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 $67.31.
How big of a company is Prologis?
Prologis has a market capitalization of $42.53 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.
