NYSE:PLD

Prologis - PLD Stock Forecast, Price & News

$137.24

+3.01 (+2.24%)

(As of 08/12/2022 12:00 AM ET)

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Today's Range: $135.00
▼
$137.42
50-Day Range: $108.43
▼
$137.24
52-Week Range: $106.46
▼
$174.54

Volume: 2.61 million shs
Average Volume: 2.80 million shs
Market Capitalization: $101.61 billion

P/E Ratio: 27.45
Dividend Yield: 2.35%
Price Target: $171.17

Prologis MarketRank™ Forecast

Analyst Rating: Buy
3.22 Rating Score
Upside/Downside: 24.7% Upside
$171.17 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: 0.41
Based on 9 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.

2.84 out of 5 stars

Finance Sector

146th out of 926 stocks

Real Estate Investment Trusts Industry

25th out of 195 stocks

2.6

Analyst's Opinion

Consensus Rating
Prologis has received a consensus rating of Buy. The company's average rating score is 3.22, and is based on 7 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $171.17, Prologis has a forecasted upside of 24.7% from its current price of $137.24.
Amount of Analyst Coverage
Prologis has only been the subject of 4 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.32% of the float of Prologis has been sold short.
Short Interest Ratio / Days to Cover
Prologis has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Prologis has recently increased by 7.30%, indicating that investor sentiment is decreasing significantly.

3.3

Dividend Strength

Dividend Yield
Prologis pays a meaningful dividend of 2.35%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Prologis has been increasing its dividend for 9 years.
Dividend Coverage
The dividend payout ratio of Prologis is 63.20%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Prologis will have a dividend payout ratio of 54.86% next year. This indicates that Prologis will be able to sustain or increase its dividend.

3.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Prologis has received a 39.39% net impact score from Upright. Prologis seems to create the most significant positive value in categories "Taxes", "Jobs", and "Societal infrastructure". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Real estate funds investing in industrial, logistics and warehousing buildings", "Industrial and logistics property leasing services", and "Real estate development services of industrial buildings" products. See details.
Environmental Sustainability
The Environmental Impact score for Prologis is -1.02.

2.5

News and Social Media Coverage

News Sentiment
Prologis has a news sentiment score of 0.41. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.65 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for Prologis this week, compared to 9 articles on an average week.
Search Interest
47 people have searched for PLD on MarketBeat in the last 30 days. This is an increase of 21% compared to the previous 30 days.
MarketBeat Follows
79 people have added Prologis to their MarketBeat watchlist in the last 30 days. This is an increase of 229% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Prologis insiders have bought more of their company's stock than they have sold. Specifically, they have bought $1,779,750.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 0.70% of the stock of Prologis is held by insiders.
Percentage Held by Institutions
93.53% of the stock of Prologis is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Prologis are expected to grow by 11.41% in the coming year, from $5.17 to $5.76 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Prologis is 27.45, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.65.
Price to Earnings Ratio vs. Sector
The P/E ratio of Prologis is 27.45, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 153.92.
Price to Earnings Growth Ratio
Prologis has a PEG Ratio of 2.65. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Prologis has a P/B Ratio of 2.62. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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 Analyst Weigh In

Several equities research analysts recently issued reports on the company. Jefferies Financial Group decreased their price target on Prologis from $174.00 to $146.00 and set a "buy" rating for the company in a report on Thursday, June 30th. Evercore ISI set a $134.00 price objective on Prologis in a research report on Tuesday, July 19th. Robert W. Baird raised their price target on Prologis from $152.00 to $175.00 in a research report on Wednesday, April 20th. Truist Financial reduced their price target on Prologis from $166.00 to $162.00 and set a "na" rating on the stock in a research report on Monday, May 16th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Prologis from $179.00 to $184.00 and gave the stock a "buy" rating in a research report on Friday, April 22nd. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $171.17.

Prologis Stock Performance

PLD traded up $3.01 during midday trading on Friday, hitting $137.24. 2,609,417 shares of the company were exchanged, compared to its average volume of 2,800,938. The company's 50 day simple moving average is $123.08 and its 200 day simple moving average is $140.10. The firm has a market capitalization of $101.61 billion, a price-to-earnings ratio of 27.45, a price-to-earnings-growth ratio of 2.65 and a beta of 0.87. The company has a current ratio of 0.42, a quick ratio of 1.59 and a debt-to-equity ratio of 0.46. Prologis has a 1-year low of $106.46 and a 1-year 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.30). The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.09 billion. Prologis had a return on equity of 9.85% and a net margin of 75.72%. The company's quarterly revenue 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. As a group, sell-side analysts predict that Prologis will post 5.17 earnings per share for the current year.

Insider Buying and Selling at Prologis

In other Prologis news, Director Avid Modjtabai purchased 15,000 shares of the company's stock in a transaction on Friday, May 20th. The stock was acquired at an average price of $118.65 per share, for a total transaction of $1,779,750.00. Following the completion of the purchase, the director now directly owns 15,000 shares in the company, valued at approximately $1,779,750. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.70% of the stock is owned by corporate insiders.

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PLD Stock News Headlines

August 12, 2022 | fool.com

3 Advantages That Could Completely Change Your Opinion of Prologis - The Motley Fool

August 12, 2022 | finance.yahoo.com

3 Advantages That Could Completely Change Your Opinion of Prologis

August 12, 2022 | fool.com

3 Monster Stocks to Buy Now and Hold for the Next Decade - The Motley Fool

August 11, 2022 | benzinga.com

6 Analysts Have This to Say About Prologis - Benzinga

August 5, 2022 | bizjournals.com

DO&CO secures lease for 209,600-square-foot warehouse near MIA

August 4, 2022 | fool.com

Bargain Hunting? Buy These 2 Discounted Stocks - The Motley Fool

August 3, 2022 | wsj.com

Surging Retail Inventories Are Swamping U.S. Warehouses - The Wall Street Journal

August 2, 2022 | wsj.com

Retailers Seeking More Warehouse Space to Stow Excess Inventory - The Wall Street Journal

August 1, 2022 | americanbankingnews.com

Prologis (NYSE:PLD) PT Lowered to $150.00 at Truist Financial

July 29, 2022 | bloomberg.com

Prologis CEO Hamid Moghadam Blasts San Francisco Crime After Robbed at Gunpoint - Bloomberg

July 28, 2022 | bizjournals.com

Major SF companies adjust corporate philanthropy efforts in the remote work age - San Francisco Business Times - The Business Journals

July 28, 2022 | fool.com

Here's Why Prologis Sees Huge Rent Increases - The Motley Fool

July 28, 2022 | finance.yahoo.com

Here's Why Prologis Sees Huge Rent Increases

July 28, 2022 | finance.yahoo.com

Duke Realty Reports Second Quarter 2022 Earnings - Yahoo Finance

July 27, 2022 | bizjournals.com

Prominent San Francisco CEO Hamid Moghadam robbed at gunpoint, calls for big changes - San Francisco Business Times - The Business Journals

July 27, 2022 | globenewswire.com

Duke Realty Reports Second Quarter 2022 Earnings - GlobeNewswire

July 27, 2022 | nasdaq.com

July 27, 2022 | msn.com

How Is The Market Feeling About Prologis?

July 27, 2022 | finance.yahoo.com

July 26, 2022 | finance.yahoo.com

Declining Stock and Solid Fundamentals: Is The Market Wrong About Prologis, Inc. (NYSE:PLD)?

July 25, 2022 | benzinga.com

How Is The Market Feeling About Prologis? - Benzinga - Benzinga

July 25, 2022 | finance.yahoo.com

Wall Street Analysts Believe Prologis (PLD) Could Rally 30%: Here's is How to Trade

July 25, 2022 | americanbankingnews.com

Prologis (NYSE:PLD) Given New $183.00 Price Target at Barclays

July 23, 2022 | americanbankingnews.com

Prologis (NYSE:PLD) PT Set at $134.00 by Evercore ISI

July 23, 2022 | americanbankingnews.com

Raymond James Lowers Prologis (NYSE:PLD) Price Target to $160.00

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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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: 8/13/2022
Next Earnings (Estimated): 10/21/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Real estate investment trusts
Sub-Industry: Industrial REITs
Sector: Finance
Current Symbol: NYSE:PLD
Previous Symbol: NYSE:AMB
CUSIP: 74340W10
CIK: 1045609
Web: www.prologis.com
Phone: (415) 394-9000
Fax: 415-394-9001
Employees: 2,053
Year Founded: 1983

Price Target and Rating

Average Stock Price Forecast: $171.17
High Stock Price Forecast: $209.00
Low Stock Price Forecast: $134.00
Forecasted Upside/Downside: +24.7%
Consensus Rating: Buy
Rating Score (0-4): 3.22
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): $5.00
Trailing P/E Ratio: 27.45
Forward P/E Ratio: 26.55
P/E Growth: 2.65
Net Income: $2.94 billion
Net Margins: 75.72%
Pretax Margin: 84.01%
Return on Equity: 9.85%
Return on Assets: 6.36%

Debt

Debt-to-Equity Ratio: 0.46
Current Ratio: 0.42
Quick Ratio: 1.59

Sales & Book Value

Annual Sales: $4.76 billion
Price / Sales: 21.35
Cash Flow: $6.05 per share
Price / Cash Flow: 22.67
Book Value: $52.42 per share
Price / Book: 2.62

Miscellaneous

Outstanding Shares: 740,380,000
Free Float: 735,195,000
Market Cap: $101.61 billion
Optionable: Optionable
Beta: 0.87

Social Links

Key Executives

Mr. Hamid R. Moghadam (Age 65)
Co-Founder, Chairman & CEO
Comp: $2.64M
Mr. Gary E. Anderson (Age 56)
Chief Operating Officer
Comp: $2.82M
Mr. Eugene Frederick Reilly (Age 60)
Chief Investment Officer
Comp: $3.17M
Mr. Edward S. Nekritz (Age 56)
Chief Legal Officer, Gen. Counsel, Sec. & Head of Global Strategic Risk Mgmt. and ESG Dept.
Comp: $2.76M
Mr. Thomas S. Olinger (Age 55)
Advisor
Comp: $2.55M
Mr. Timothy D. Arndt (Age 49)
CFO, MD of Treasury & Financial Planning and Treasurer
Ms. Lori A. Palazzolo CPA (Age 58)
MD, Chief Accounting Officer & Sr. VP
Mr. Sineesh Keshav
Chief Technical Officer
Mr. Charles E. Sullivan (Age 64)
Chief Admin. Officer
Ms. Tracy A. Ward
Sr. VP of Investor Relations & Corp. Communications

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PLD Stock - Frequently Asked Questions

Should I buy or sell Prologis stock right now?: 9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Prologis in the last year. There are currently 7 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street equities research 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 equities research analysts have issued 1-year 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 $171.17 in the next twelve months. This suggests a possible upside of 24.7% 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 at the beginning of the year. Since then, PLD shares have decreased by 18.5% and is now trading at $137.24.
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) released its quarterly earnings data on Monday, July, 18th. The real estate investment trust reported $0.82 earnings per share for the quarter, missing the consensus estimate of $1.12 by $0.30. The real estate investment trust earned $1.25 billion during the quarter, compared to analyst estimates of $1.09 billion. Prologis had a trailing twelve-month return on equity of 9.85% and a net margin of 75.72%. The company's revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.01 earnings per share.
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. Stockholders of record on Thursday, June 16th will be given a dividend of $0.79 per share on Thursday, June 30th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.30%. 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 2.35%. 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 (EPS) 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 a variety of institutional and retail investors. Top institutional shareholders include FMR LLC (3.25%), Northern Trust Corp (1.52%), Principal Financial Group Inc. (1.48%), Deutsche Bank AG (0.77%), Lazard Asset Management LLC (0.76%) and Sumitomo Mitsui Trust Holdings Inc. (0.54%). 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 $137.24.
How much money does Prologis make?: Prologis (NYSE:PLD) has a market capitalization of $101.61 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 8/14/2022 by MarketBeat.com Staff

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Prologis - PLD Stock Forecast, Price & News

Prologis MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Prologis (NYSE:PLD) Stock

Wall Street Analyst Weigh In

Prologis Stock Performance

Insider Buying and Selling at Prologis

PLD Stock News Headlines

PLD Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

PLD Stock - Frequently Asked Questions

Should I buy or sell Prologis stock right now?

What is Prologis' stock price forecast for 2022?

How have PLD shares performed in 2022?

When is Prologis' next earnings date?

How were Prologis' earnings last quarter?

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

Is Prologis a good dividend stock?

What guidance has Prologis issued on next quarter's earnings?

What is Hamid R. Moghadam's approval rating as Prologis' CEO?

What other stocks do shareholders of Prologis own?

What is Prologis' stock symbol?

Who are Prologis' major shareholders?

How do I buy shares of Prologis?

What is Prologis' stock price today?

How much money does Prologis make?

How many employees does Prologis have?

Does Prologis have any subsidiaries?

When was Prologis founded?

How can I contact Prologis?

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