Analysts expect Prologis Inc (NYSE:PLD) to report $0.74 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Prologis’ earnings. The lowest EPS estimate is $0.72 and the highest is $0.77. Prologis posted earnings per share of $0.63 in the same quarter last year, which would indicate a positive year-over-year growth rate of 17.5%. The business is scheduled to announce its next quarterly earnings report on Tuesday, April 17th.
According to Zacks, analysts expect that Prologis will report full-year earnings of $2.91 per share for the current fiscal year, with EPS estimates ranging from $2.86 to $2.95. For the next financial year, analysts anticipate that the company will report earnings of $3.10 per share, with EPS estimates ranging from $3.00 to $3.15. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Prologis.
Prologis (NYSE:PLD) last released its quarterly earnings data on Tuesday, January 23rd. The real estate investment trust reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.01. The firm had revenue of $550.65 million during the quarter, compared to the consensus estimate of $533.54 million. Prologis had a return on equity of 9.12% and a net margin of 63.11%. Prologis’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the business posted $0.63 EPS.
In other news, CFO Thomas S. Olinger sold 46,200 shares of the firm’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $66.33, for a total transaction of $3,064,446.00. Following the sale, the chief financial officer now owns 36,325 shares in the company, valued at $2,409,437.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $64.51, for a total value of $1,016,161.52. Following the sale, 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 70,872 shares of company stock worth $4,646,598 in the last 90 days. Insiders own 1.31% of the company’s stock.
Several hedge funds have recently bought and sold shares of PLD. Deutsche Bank AG boosted its holdings in shares of Prologis by 77.4% during the fourth quarter. Deutsche Bank AG now owns 6,099,545 shares of the real estate investment trust’s stock worth $393,473,000 after purchasing an additional 2,661,525 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Prologis by 43.7% in the fourth quarter. Wells Fargo & Company MN now owns 3,291,408 shares of the real estate investment trust’s stock valued at $212,329,000 after acquiring an additional 1,000,145 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its holdings in Prologis by 577.3% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 1,150,785 shares of the real estate investment trust’s stock valued at $74,238,000 after acquiring an additional 980,885 shares during the last quarter. Swedbank boosted its holdings in Prologis by 32.4% in the fourth quarter. Swedbank now owns 2,699,585 shares of the real estate investment trust’s stock valued at $174,150,000 after acquiring an additional 660,022 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Prologis by 8.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 8,652,177 shares of the real estate investment trust’s stock valued at $558,151,000 after acquiring an additional 638,453 shares during the last quarter. Institutional investors and hedge funds own 95.39% of the company’s stock.
Prologis (NYSE:PLD) opened at $63.37 on Wednesday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $33,880.91, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 4.78 and a beta of 0.88. Prologis has a 1 year low of $48.80 and a 1 year high of $67.53.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be issued a dividend of $0.48 per share. This is a boost from Prologis’s previous quarterly dividend of $0.44. The ex-dividend date is Wednesday, March 14th. This represents a $1.92 annualized dividend and a dividend yield of 3.03%. Prologis’s dividend payout ratio (DPR) is 57.52%.
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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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