Wall Street brokerages expect Prologis Inc (NYSE:PLD) to announce earnings per share of $0.67 for the current quarter, according to Zacks. Five analysts have made estimates for Prologis’ earnings. The highest EPS estimate is $0.68 and the lowest is $0.66. Prologis reported earnings per share of $0.82 during the same quarter last year, which would suggest a negative year over year growth rate of 18.3%. The business is expected to issue its next quarterly earnings results on Tuesday, January 23rd.

On average, analysts expect that Prologis will report full-year earnings of $2.80 per share for the current financial year, with EPS estimates ranging from $2.79 to $2.81. For the next year, analysts expect that the business will report earnings of $2.90 per share, with EPS estimates ranging from $2.82 to $2.95. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Prologis.

Prologis (NYSE:PLD) last issued its earnings results on Tuesday, October 17th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.67. The business had revenue of $531.18 million for the quarter, compared to analysts’ expectations of $573.68 million. Prologis had a return on equity of 9.93% and a net margin of 68.50%. The company’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 EPS.

A number of brokerages recently issued reports on PLD. Jefferies Group restated a “hold” rating and issued a $66.00 target price (up from $59.00) on shares of Prologis in a report on Thursday, August 24th. BidaskClub upgraded Prologis from a “buy” rating to a “strong-buy” rating in a report on Friday, August 18th. BTIG Research reiterated a “buy” rating and set a $68.00 price target (up previously from $62.00) on shares of Prologis in a report on Wednesday, September 27th. Zacks Investment Research upgraded Prologis from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a report on Monday, September 25th. Finally, SunTrust Banks reiterated a “buy” rating and set a $68.00 price target on shares of Prologis in a report on Thursday, October 12th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $66.31.

In other Prologis news, CEO Eugene F. Reilly sold 18,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $66.55, for a total value of $1,197,900.00. Following the completion of the sale, the chief executive officer now owns 63,365 shares of the company’s stock, valued at $4,216,940.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Eugene F. Reilly sold 15,000 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $66.61, for a total value of $999,150.00. Following the completion of the sale, the chief executive officer now directly owns 63,365 shares of the company’s stock, valued at approximately $4,220,742.65. The disclosure for this sale can be found here. Insiders own 1.31% of the company’s stock.

Several large investors have recently made changes to their positions in the business. Wesbanco Bank Inc. lifted its position in shares of Prologis by 76.9% during the 2nd quarter. Wesbanco Bank Inc. now owns 29,900 shares of the real estate investment trust’s stock worth $1,753,000 after purchasing an additional 13,000 shares during the last quarter. Swiss National Bank lifted its position in shares of Prologis by 3.2% during the 2nd quarter. Swiss National Bank now owns 1,933,060 shares of the real estate investment trust’s stock worth $113,355,000 after purchasing an additional 60,000 shares during the last quarter. Cipher Capital LP lifted its position in shares of Prologis by 98.1% during the 2nd quarter. Cipher Capital LP now owns 44,673 shares of the real estate investment trust’s stock worth $2,620,000 after purchasing an additional 22,120 shares during the last quarter. Lazard Asset Management LLC lifted its position in shares of Prologis by 3,877.2% during the 2nd quarter. Lazard Asset Management LLC now owns 2,533,654 shares of the real estate investment trust’s stock worth $148,573,000 after purchasing an additional 2,469,949 shares during the last quarter. Finally, BlackRock Inc. lifted its position in shares of Prologis by 1.3% during the 2nd quarter. BlackRock Inc. now owns 51,529,145 shares of the real estate investment trust’s stock worth $3,021,668,000 after purchasing an additional 673,429 shares during the last quarter. 95.58% of the stock is owned by institutional investors.

Prologis (NYSE:PLD) opened at $66.19 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $35,239.79, a price-to-earnings ratio of 23.91, a P/E/G ratio of 4.44 and a beta of 0.91. Prologis has a 1-year low of $48.33 and a 1-year high of $67.53.

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Prologis Company Profile

Prologis, Inc is a real estate investment trust (REIT) company. The Company is engaged in logistics real estate business. The Company’s segments include Real Estate Operations and Strategic Capital. The Real estate operations segment consists of rental operations and development. The Company’s strategic capital segment includes asset management services, as well as services performed for unconsolidated co-investment ventures.

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Earnings History and Estimates for Prologis (NYSE:PLD)

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