Prologis (PLD) to Release Earnings on Wednesday

Prologis (NYSE:PLD) is projected to post its quarterly earnings results before the market opens on Wednesday, April 16th. Analysts expect the company to announce earnings of $1.38 per share and revenue of $1.99 billion for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Prologis Stock Up 1.3 %

PLD stock opened at $96.14 on Monday. The firm has a fifty day moving average price of $113.34 and a two-hundred day moving average price of $113.98. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.75 and a quick ratio of 0.43. Prologis has a 1-year low of $85.35 and a 1-year high of $132.57. The firm has a market cap of $89.12 billion, a price-to-earnings ratio of 24.04, a PEG ratio of 2.70 and a beta of 1.20.

Prologis Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 18th were given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date was Tuesday, March 18th. This is an increase from Prologis’s previous quarterly dividend of $0.96. Prologis’s dividend payout ratio is currently 101.00%.

Insider Buying and Selling at Prologis

In other news, CIO Joseph Ghazal sold 10,997 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $118.74, for a total transaction of $1,305,783.78. Following the completion of the sale, the executive now directly owns 7,977 shares of the company’s stock, valued at $947,188.98. This trade represents a 57.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.56% of the company’s stock.

Institutional Trading of Prologis

A hedge fund recently raised its stake in Prologis stock. Brighton Jones LLC raised its stake in shares of Prologis, Inc. (NYSE:PLD) by 629.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,475 shares of the real estate investment trust’s stock after purchasing an additional 15,078 shares during the period. Brighton Jones LLC’s holdings in Prologis were worth $1,847,000 as of its most recent SEC filing. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PLD has been the subject of a number of research reports. Raymond James restated a “market perform” rating on shares of Prologis in a research note on Monday, February 3rd. Wolfe Research cut their price target on Prologis from $135.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Royal Bank of Canada upped their price objective on Prologis from $125.00 to $128.00 and gave the stock a “sector perform” rating in a research note on Monday, January 27th. BTIG Research cut their target price on Prologis from $154.00 to $134.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Finally, Robert W. Baird boosted their price target on shares of Prologis from $123.00 to $124.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $126.78.

Prologis Company Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At March 31, 2024, 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 1.2 billion square feet (115 million square meters) in 19 countries.