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
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 Ratio22.83
Forward P/E Ratio21.44
P/E Growth4.28
Sales & Book Value
Annual Sales$2.62 billion
Price / Sales13.10
Cash Flow$4.8172 per share
Price / Cash13.35
Book Value$35.02 per share
Price / Book1.84
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
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 declared a quarterly dividend on Wednesday, May 2nd. Shareholders of record on Thursday, June 14th will be given a dividend of $0.48 per share on Friday, June 29th. This represents a $1.92 annualized dividend and a yield of 3.00%. The ex-dividend date is Wednesday, June 13th. View Prologis' Dividend History.
How were Prologis' earnings last quarter?
Prologis Inc (NYSE:PLD) issued its quarterly earnings data on Tuesday, April, 17th. The real estate investment trust reported $0.68 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.33. The real estate investment trust earned $555.90 million during the quarter, compared to analyst estimates of $552.42 million. Prologis had a return on equity of 9.86% and a net margin of 67.65%. Prologis's revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.63 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 FY18 earnings guidance on Tuesday, April, 17th. The company provided earnings per share guidance of $2.95-3.01 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.91.
What price target have analysts set for PLD?
15 Wall Street analysts have issued 1-year price targets for Prologis' shares. Their predictions range from $64.00 to $73.00. On average, they expect Prologis' share price to reach $68.7333 in the next twelve months. 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, "Shares of Prologis have outperformed its industry in the past six months. Further, the trend in estimate revisions of current-year funds from operations (FFO) per share indicates a favorable earnings outlook for the company. In April, Prologis announced that it has entered into a definitive agreement with DCT Industrial Trust to acquire the latter in an $8.4-billion stock-for-stock deal. The combined portfolio will enable the company to realize significant synergies and strengthen its position in key markets. Notably, the industrial real estate market is enjoying elevated demand for logistics infrastructure amid e-commerce boom, recovering economy and job market, as well as healthy manufacturing environment. Given Prologis’ solid capacity, it remains well poised to capitalize on this trend. However, with rising supply of industrial real estate space, there is lesser scope for robust rent and occupancy growth. Rate hike adds to its woes." (6/20/2018)
- 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)
Are investors shorting Prologis?
Prologis saw a increase in short interest in the month of May. As of May 15th, there was short interest totalling 11,042,401 shares, an increase of 53.2% from the April 30th total of 7,209,679 shares. Based on an average trading volume of 3,060,505 shares, the short-interest ratio is presently 3.6 days. Currently, 2.1% of the company's stock are sold short. View Prologis' Current Options Chain.
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), Equity Residential (EQR), DIGITAL Rlty Tr/SH SH (DLR), Welltower (WELL), UNIBAIL-RODAMCO/ADR (UNRDY), GGP (GGP), Ventas (VTR), 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?
Press coverage about PLD stock has been trending somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Prologis earned a media sentiment score of 0.10 on Accern's scale. They also assigned press coverage about the real estate investment trust an impact score of 46.46 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near future.
Who are Prologis' major shareholders?
Prologis' stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (10.26%), Principal Financial Group Inc. (1.81%), Northern Trust Corp (1.75%), Dimensional Fund Advisors LP (1.46%), JPMorgan Chase & Co. (1.33%) and Centersquare Investment Management LLC (1.10%). 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 institutional investors are selling Prologis stock?
PLD stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., PNC Financial Services Group Inc., Brookfield Asset Management Inc., Neuberger Berman Group LLC, Prudential Financial Inc., Korea Investment CORP, Wells Fargo & Company MN and Rothschild Asset Management Inc.. 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 institutional investors are buying Prologis stock?
PLD stock was acquired by a variety of institutional investors in the last quarter, including Centersquare Investment Management LLC, BlackRock Inc., Nuveen Asset Management LLC, Resolution Capital Ltd, Millennium Management LLC, Daiwa Securities Group Inc., AGF Investments Inc. and Teacher Retirement System of Texas. 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 $64.08.
How big of a company is Prologis?
Prologis has a market capitalization of $33.87 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 (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.
