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NYSE:PLD

Prologis - PLD Stock Forecast, Price & News

$134.08

-2.55 (-1.87%)

(As of 08/19/2022 12:00 AM ET)

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Today's Range: $133.50
▼
$136.85
50-Day Range: $108.43
▼
$138.38
52-Week Range: $106.46
▼
$174.54

Volume: 2.49 million shs
Average Volume: 3.69 million shs
Market Capitalization: $99.27 billion

P/E Ratio: 26.82
Dividend Yield: 2.31%
Price Target: $171.17

Prologis MarketRank™ Forecast

Analyst Rating: Buy
3.22 Rating Score
Upside/Downside: 27.7% 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: 0.37
Based on 8 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.

3.13 out of 5 stars

Finance Sector

48th out of 896 stocks

Real Estate Investment Trusts Industry

7th out of 194 stocks

3.6

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 27.7% from its current price of $134.08.
Amount of Analyst Coverage
Prologis has only been the subject of 3 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 2.31%, 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.

2.4

News and Social Media Coverage

News Sentiment
Prologis has a news sentiment score of 0.37. 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 0.79 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Prologis this week, compared to 9 articles on an average week.
Search Interest
45 people have searched for PLD on MarketBeat in the last 30 days. This is an increase of 15% compared to the previous 30 days.
MarketBeat Follows
71 people have added Prologis to their MarketBeat watchlist in the last 30 days. This is an increase of 109% 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 26.82, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 153.48.
Price to Earnings Ratio vs. Sector
The P/E ratio of Prologis is 26.82, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 161.53.
Price to Earnings Growth Ratio
Prologis has a PEG Ratio of 2.71. 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 2.56. 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.

Prologis Trading Down 1.9 %

Prologis stock traded down $2.55 during mid-day trading on Friday, hitting $134.08. The company's stock had a trading volume of 2,491,730 shares, compared to its average volume of 3,686,385. The business has a 50 day moving average price of $123.98 and a 200-day moving average price of $139.67. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.42 and a quick ratio of 0.42. Prologis has a 12 month low of $106.46 and a 12 month high of $174.54. The stock has a market cap of $99.27 billion, a price-to-earnings ratio of 26.82, a price-to-earnings-growth ratio of 2.71 and a beta of 0.87.

Prologis (NYSE:PLD - Get Rating) last released its quarterly earnings data on Monday, July 18th. The real estate investment trust reported $0.82 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.30). Prologis had a return on equity of 9.85% and a net margin of 75.72%. The company had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same quarter in the prior year, the firm posted $1.01 EPS. The firm's quarterly revenue was up 8.8% on a year-over-year basis. As a group, analysts forecast that Prologis will post 5.17 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on PLD shares. Deutsche Bank Aktiengesellschaft lifted their price objective on Prologis from $179.00 to $184.00 and gave the company a "buy" rating in a research note on Friday, April 22nd. Wells Fargo & Company boosted their price objective on Prologis from $160.00 to $163.00 and gave the stock an "overweight" rating in a report on Thursday, August 11th. Evercore ISI set a $134.00 target price on shares of Prologis in a research note on Tuesday, July 19th. Barclays dropped their target price on shares of Prologis from $190.00 to $183.00 and set an "overweight" rating for the company in a research report on Thursday, July 21st. Finally, Truist Financial decreased their price target on shares of Prologis from $166.00 to $162.00 and set a "na" rating on the stock in a report on Monday, May 16th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $171.17.

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PLD Stock News Headlines

August 19, 2022 | nasdaq.com

3 Brilliant Ways to Earn Regular Passive Income - Nasdaq

August 19, 2022 | fool.com

3 Brilliant Ways to Earn Regular Passive Income - The Motley Fool

August 19, 2022 | nasdaq.com

4 Things the Smartest Real Estate Investors Do in Any Market - Nasdaq

August 19, 2022 | finance.yahoo.com

3 Brilliant Ways to Earn Regular Passive Income

August 18, 2022 | bizjournals.com

After Amazon pullback, Prologis unveils new plans for San Leandro site - San Francisco Business Times - The Business Journals

August 18, 2022 | bizjournals.com

Rosecroft Raceway owner agrees to sell storied Fort Washington track

August 18, 2022 | finance.yahoo.com

Prologis (PLD) Up 9.6% Since Last Earnings Report: Can It Continue?

August 17, 2022 | nasdaq.com

Prologis (PLD) Up 9.6% Since Last Earnings Report: Can It Continue? - Nasdaq

August 16, 2022 | nasdaq.com

If You Invested $1000 in Prologis a Decade Ago, This is How Much It'd Be Worth Now - Nasdaq

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

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: 8/19/2022
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: +27.7%
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: 26.82
Forward P/E Ratio: 25.93
P/E Growth: 2.71
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: 0.42

Sales & Book Value

Annual Sales: $4.76 billion
Price / Sales: 20.86
Cash Flow: $5.78 per share
Price / Cash Flow: 23.20
Book Value: $52.42 per share
Price / Book: 2.56

Miscellaneous

Outstanding Shares: 740,378,000
Free Float: 735,195,000
Market Cap: $99.27 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 research analysts have issued "buy," "hold," and "sell" ratings for Prologis in the last twelve months. There are currently 7 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street 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 brokers have issued 1 year target prices for Prologis' stock. Their PLD share price forecasts range from $134.00 to $209.00. On average, they predict the company's stock price to reach $171.17 in the next twelve months. This suggests a possible upside of 27.7% 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 2022. Since then, PLD stock has decreased by 20.4% and is now trading at $134.08.
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) posted its earnings results on Monday, July, 18th. The real estate investment trust reported $0.82 EPS for the quarter, missing analysts' consensus estimates of $1.12 by $0.30. The real estate investment trust had revenue of $1.25 billion for 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 business's quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.01 EPS.
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. Investors 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 2.36%. 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 2.31%. 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 updated 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 number of institutional and retail investors. Top institutional investors include State Street Corp (6.90%), FMR LLC (3.25%), Northern Trust Corp (1.52%), Principal Financial Group Inc. (1.48%), Price T Rowe Associates Inc. MD (1.38%) and UBS Asset Management Americas Inc. (0.82%). 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 $134.08.
How much money does Prologis make?: Prologis (NYSE:PLD) has a market capitalization of $99.27 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 8/20/2022 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