Prologis (PLD) Stock Forecast, Price & News

20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Prologis in the last year. There are currently 2 hold ratings, 17 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PLD shares.
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20 equities research analysts have issued 12 month price objectives for Prologis' stock. Their PLD share price forecasts range from $116.00 to $200.00. On average, they expect the company's share price to reach $143.48 in the next twelve months. This suggests a possible upside of 17.0% from the stock's current price.
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Prologis' stock was trading at $112.73 at the start of the year. Since then, PLD shares have increased by 8.8% and is now trading at $122.60.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 18th 2023.
View our PLD earnings forecast.

Prologis, Inc. (NYSE:PLD) issued its quarterly earnings data on Tuesday, July, 18th. The real estate investment trust reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.15. The real estate investment trust had revenue of $2.45 billion for the quarter, compared to analyst estimates of $1.72 billion. Prologis had a trailing twelve-month return on equity of 6.17% and a net margin of 42.52%. The firm's revenue was up 95.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.11 earnings per share.
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Prologis announced a quarterly dividend on Thursday, May 4th. Stockholders of record on Friday, June 16th will be paid a dividend of $0.87 per share on Friday, June 30th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Thursday, June 15th.
Read our dividend analysis for PLD.

ETFs with the largest weight of Prologis (NYSE:PLD) stock in their portfolio include iShares US Credit Bond ETF (CRED), Pacer Industrial Real Estate ETF (INDS), Janus Henderson U.S. Real Estate ETF (JRE), SPDR Dow Jones REIT ETF (RWR), SP Funds S&P Global REIT Sharia ETF (SPRE), Real Estate Select Sector SPDR Fund (XLRE), Fidelity Real Estate Investment ETF (FPRO) and ALPS Active REIT ETF (REIT).

Prologis (NYSE:PLD) pays an annual dividend of $3.48 per share and currently has a dividend yield of 2.85%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 91.58%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, PLD will have a dividend payout ratio of 61.59% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PLD.

Prologis issued an update on its FY 2023 earnings guidance on Tuesday, July, 18th. The company provided EPS guidance of $5.56-$5.60 for the period, compared to the consensus earnings per share estimate of $5.49. The company issued revenue guidance of -.

68 employees have rated Prologis Chief Executive Officer Hamid R. Moghadam on Glassdoor.com. Hamid R. Moghadam has an approval rating of 99% among the company's employees. This puts Hamid R. Moghadam in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Prologis investors own include NVIDIA (NVDA), Walt Disney (DIS), Cisco Systems (CSCO), Home Depot (HD), Salesforce (CRM), AbbVie (ABBV), Johnson & Johnson (JNJ), Alibaba Group (BABA), Visa (V) and AT&T (T).

Prologis trades on the New York Stock Exchange (NYSE) under the ticker symbol "PLD."

Prologis' stock is owned by a number of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (1.39%), Principal Financial Group Inc. (1.29%), Bank Julius Baer & Co. Ltd Zurich (0.86%), Bank of New York Mellon Corp (0.77%), Daiwa Securities Group Inc. (0.69%) and Sumitomo Mitsui Trust Holdings Inc. (0.50%). Insiders that own company stock include Avid Modjtabai, David P Oconnor, George L Fotiades, Hamid R Moghadam, Irving F Lyons III, Lydia H Kennard and William D Zollars.
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Shares of PLD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PLD stock can currently be purchased for approximately $122.60.

Prologis (NYSE:PLD) has a market capitalization of $113.27 billion and generates $7.72 billion in revenue each year. The real estate investment trust earns $3.36 billion in net income (profit) each year or $3.80 on an earnings per share basis.

The company employs 2,466 workers across the globe.

Prologis' mailing address is PIER 1 BAY 1, SAN FRANCISCO CA, 94111. The official website for the company is www.prologis.com. The real estate investment trust can be reached via phone at (415) 394-9000, via email at tward@prologis.com, or via fax at 415-394-9001.