Prologis (PLD) to Release Quarterly Earnings on Tuesday

Prologis (NYSE:PLD) is expected to be releasing its earnings data before the market opens on Tuesday, January 21st. Analysts expect Prologis to post earnings of $1.38 per share and revenue of $1,941,603.26 billion for the quarter.

Prologis (NYSE:PLD) last released its earnings results on Wednesday, October 16th. The real estate investment trust reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.29). The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.91 billion. Prologis had a net margin of 39.08% and a return on equity of 5.34%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.30 EPS. On average, analysts expect Prologis to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Prologis Price Performance

PLD traded down $0.15 during trading on Wednesday, reaching $107.97. The stock had a trading volume of 4,570,689 shares, compared to its average volume of 4,415,531. The stock has a market cap of $100.00 billion, a PE ratio of 32.62, a PEG ratio of 3.27 and a beta of 1.09. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.43 and a current ratio of 0.43. Prologis has a one year low of $100.82 and a one year high of $135.76. The business has a 50-day moving average of $110.65 and a 200-day moving average of $118.43.

Prologis Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a dividend of $0.96 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.56%. Prologis’s dividend payout ratio (DPR) is currently 116.01%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PLD. Mizuho reduced their price objective on Prologis from $119.00 to $117.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Raymond James reiterated an “outperform” rating and set a $125.00 target price (down from $130.00) on shares of Prologis in a report on Wednesday, December 11th. JPMorgan Chase & Co. dropped their target price on shares of Prologis from $138.00 to $131.00 and set an “overweight” rating for the company in a report on Monday, October 21st. Truist Financial dropped their target price on shares of Prologis from $137.00 to $132.00 and set a “buy” rating for the company in a report on Thursday, December 5th. Finally, Scotiabank dropped their target price on shares of Prologis from $136.00 to $134.00 and set a “sector outperform” rating for the company in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Prologis currently has a consensus rating of “Moderate Buy” and an average price target of $129.06.

About Prologis

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At March 31, 2024, 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 1.2 billion square feet (115 million square meters) in 19 countries.