Prologis (NYSE:PLD) updated its FY 2021 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 3.980-4.040 for the period. The company issued revenue guidance of -.
Several research analysts have commented on the company. Morgan Stanley raised their price objective on Prologis from $110.00 to $120.00 and gave the stock an overweight rating in a report on Monday. BTIG Research raised their price objective on Prologis from $117.00 to $121.00 and gave the stock a buy rating in a report on Thursday, April 22nd. Evercore ISI upgraded Prologis from an in-line rating to an outperform rating and set a $121.00 price objective on the stock in a report on Wednesday, January 27th. Wells Fargo & Company raised their price objective on Prologis from $115.00 to $125.00 and gave the stock an overweight rating in a report on Monday. Finally, TheStreet raised Prologis from a c+ rating to a b rating in a research report on Friday. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Prologis has a consensus rating of Buy and a consensus price target of $119.17.
Shares of Prologis stock traded down $0.37 during trading on Tuesday, reaching $115.64. The company’s stock had a trading volume of 47,335 shares, compared to its average volume of 2,798,714. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.45. The company has a market cap of $85.54 billion, a price-to-earnings ratio of 51.13, a P/E/G ratio of 3.41 and a beta of 0.80. Prologis has a 1-year low of $80.12 and a 1-year high of $116.97. The company has a 50-day simple moving average of $109.23 and a two-hundred day simple moving average of $102.87.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Stockholders of record on Wednesday, June 16th will be given a $0.63 dividend. The ex-dividend date of this dividend is Tuesday, June 15th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.18%. Prologis’s payout ratio is 76.13%.
Prologis Company Profile
Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2020, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 984 million square feet (91 million square meters) in 19 countries.
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