Prologis (PLD) Scheduled to Post Earnings on Monday
Prologis (NYSE:PLD) will be releasing its earnings data on Monday, January 22nd. Prologis has set its FY17 guidance at $2.79-2.81 EPS.
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, meeting analysts’ consensus estimates of $0.67. The company had revenue of $531.18 million during the quarter, compared to analyst estimates of $573.68 million. Prologis had a net margin of 68.50% and a return on equity of 9.93%. The company’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter last year, the business posted $0.14 EPS. On average, analysts expect Prologis to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of Prologis (NYSE PLD) opened at $61.85 on Monday. The stock has a market cap of $32,910.00, a price-to-earnings ratio of 18.57, a price-to-earnings-growth ratio of 3.97 and a beta of 0.92. Prologis has a 52 week low of $48.33 and a 52 week high of $67.53. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.80 and a current ratio of 0.80.
A number of brokerages have issued reports on PLD. SunTrust Banks reissued a “buy” rating and set a $68.00 target price on shares of Prologis in a research note on Thursday, October 12th. BMO Capital Markets set a $69.00 target price on shares of Prologis and gave the company a “buy” rating in a research note on Tuesday, October 17th. Bank of America set a $72.00 target price on shares of Prologis and gave the company a “buy” rating in a research note on Wednesday, October 25th. KeyCorp reissued a “buy” rating and set a $65.00 target price on shares of Prologis in a research note on Friday, September 29th. Finally, Zacks Investment Research raised shares of Prologis from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research note on Monday, September 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $66.57.
In other news, CFO Thomas S. Olinger sold 46,200 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $66.33, for a total transaction of $3,064,446.00. Following the transaction, the chief financial officer now owns 36,325 shares in the company, valued at approximately $2,409,437.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Edward S. Nekritz sold 15,752 shares of the firm’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $64.51, for a total transaction of $1,016,161.52. Following the transaction, the insider now owns 146,414 shares in the company, valued at approximately $9,445,167.14. The disclosure for this sale can be found here. Insiders have sold a total of 99,852 shares of company stock worth $6,600,519 in the last 90 days. 1.31% of the stock is owned by insiders.
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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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