Prologis (NYSE:PLD) Releases FY 2021 Earnings Guidance

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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.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Sunday, April 18th. The real estate investment trust reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.08. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $992.53 million. Prologis had a return on equity of 4.67% and a net margin of 38.21%. The business’s quarterly revenue was up 16.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.83 EPS. As a group, analysts anticipate that Prologis will post 3.77 earnings per share for the current year.

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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Earnings History and Estimates for Prologis (NYSE:PLD)

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