Prologis Inc Plans Quarterly Dividend of $0.33 (PLD)
Prologis (NYSE:PLD) announced a quarterly dividend on Thursday, May 1st, ARN reports. Stockholders of record on Wednesday, June 11th will be paid a dividend of 0.33 per share on Monday, June 30th. This represents a $1.32 annualized dividend and a dividend yield of 3.22%.
A number of analysts have recently weighed in on PLD shares. Analysts at ISI Group upgraded shares of Prologis from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 23rd. They now have a $46.00 price target on the stock, up previously from $45.00. On the ratings front, analysts at Barclays raised their price target on shares of Prologis from $42.00 to $44.00 in a research note on Tuesday, April 22nd. They now have an “overweight” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Prologis in a research note on Tuesday, March 25th. They now have a $42.00 price target on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $40.43.
Prologis (NYSE:PLD) traded up 0.76% on Thursday, hitting $40.94. 1,833,804 shares of the company’s stock traded hands. Prologis has a 52-week low of $34.60 and a 52-week high of $45.52. The stock has a 50-day moving average of $40.6 and a 200-day moving average of $39.27. The company has a market cap of $20.417 billion and a P/E ratio of 410.40.
Prologis (NYSE:PLD) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.01. The company had revenue of $434.68 million for the quarter, compared to the consensus estimate of $490.62 million. During the same quarter in the previous year, the company posted $0.40 earnings per share. Analysts expect that Prologis will post $1.79 EPS for the current fiscal year.
Prologis, Inc (NYSE:PLD) and the general partner of the Prologis, L.
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