$0.66 EPS Expected for Prologis Inc (PLD) This Quarter
Wall Street brokerages expect that Prologis Inc (NYSE:PLD) will post $0.66 earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Prologis’ earnings. The highest EPS estimate is $0.67 and the lowest is $0.65. Prologis posted earnings of $0.63 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 4.8%. The firm is expected to issue its next earnings results before the market opens 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 financial year, analysts expect that the business will report earnings of $2.89 per share, with EPS estimates ranging from $2.82 to $2.95. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Prologis.
Prologis (NYSE:PLD) last released its quarterly earnings data on Tuesday, October 17th. The real estate investment trust reported $0.67 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.67. Prologis had a return on equity of 9.93% and a net margin of 68.50%. The business had revenue of $531.18 million for the quarter, compared to analyst estimates of $573.68 million. During the same quarter in the prior year, the firm posted $0.14 EPS. The business’s quarterly revenue was down 5.2% compared to the same quarter last year.
In related news, insider Edward S. Nekritz sold 15,752 shares of the stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $64.51, for a total value of $1,016,161.52. Following the completion of the transaction, the insider now directly owns 146,414 shares of the company’s stock, valued at approximately $9,445,167.14. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Lori A. Palazzolo sold 4,900 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $65.89, for a total value of $322,861.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 99,852 shares of company stock valued at $6,600,519. Corporate insiders own 1.31% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of PLD. Capital World Investors raised its stake in Prologis by 181.4% in the 2nd quarter. Capital World Investors now owns 6,640,000 shares of the real estate investment trust’s stock valued at $389,370,000 after purchasing an additional 4,280,000 shares during the last quarter. Lazard Asset Management LLC raised its stake in Prologis by 3,877.2% in the 2nd quarter. Lazard Asset Management LLC now owns 2,533,654 shares of the real estate investment trust’s stock valued at $148,573,000 after purchasing an additional 2,469,949 shares during the last quarter. Janus Henderson Group PLC raised its stake in Prologis by 2,672.5% in the 2nd quarter. Janus Henderson Group PLC now owns 1,985,678 shares of the real estate investment trust’s stock valued at $116,440,000 after purchasing an additional 1,914,058 shares during the last quarter. APG Asset Management US Inc. raised its stake in Prologis by 8.0% in the 3rd quarter. APG Asset Management US Inc. now owns 17,942,319 shares of the real estate investment trust’s stock valued at $1,138,620,000 after purchasing an additional 1,330,850 shares during the last quarter. Finally, Cbre Clarion Securities LLC raised its stake in Prologis by 8.7% in the 2nd quarter. Cbre Clarion Securities LLC now owns 8,902,292 shares of the real estate investment trust’s stock valued at $522,030,000 after purchasing an additional 709,311 shares during the last quarter. 95.36% of the stock is owned by hedge funds and other institutional investors.
Prologis (PLD) traded down $1.28 during trading on Friday, reaching $62.61. The company’s stock had a trading volume of 2,128,500 shares, compared to its average volume of 1,770,200. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.53. Prologis has a 1-year low of $48.33 and a 1-year high of $67.53. The stock has a market cap of $33,310.00, a price-to-earnings ratio of 18.80, a PEG ratio of 4.07 and a beta of 0.92.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Monday, December 18th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend was Friday, December 15th. Prologis’s payout ratio is 52.85%.
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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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