Prologis (PLD) to Release Earnings on Tuesday

Prologis (NYSE:PLD) is anticipated to issue its quarterly earnings data before the market opens on Tuesday, January 21st. Analysts expect the company to announce earnings of $1.38 per share and revenue of $1,941,603.26 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $1.08 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.29). The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.91 billion. Prologis had a return on equity of 5.34% and a net margin of 39.08%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.30 EPS. On average, analysts expect Prologis to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Prologis Stock Down 1.3 %

NYSE:PLD opened at $109.51 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.43 and a quick ratio of 0.43. Prologis has a 1-year low of $100.82 and a 1-year high of $135.76. The company’s fifty day moving average price is $110.34 and its 200-day moving average price is $118.29. The firm has a market capitalization of $101.43 billion, a P/E ratio of 33.09, a PEG ratio of 2.85 and a beta of 1.09.

Prologis Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a dividend of $0.96 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $3.84 annualized dividend and a yield of 3.51%. Prologis’s dividend payout ratio is presently 116.01%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Robert W. Baird upgraded shares of Prologis from a “neutral” rating to an “outperform” rating and decreased their price objective for the stock from $124.00 to $123.00 in a report on Monday, January 6th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $132.00 target price (down from $142.00) on shares of Prologis in a research report on Monday, October 21st. Wolfe Research dropped their target price on shares of Prologis from $135.00 to $128.00 and set an “overweight” rating on the stock in a research report on Friday. Barclays raised their price objective on shares of Prologis from $131.00 to $132.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Finally, BTIG Research reduced their target price on shares of Prologis from $154.00 to $134.00 and set a “buy” rating for the company in a research note on Friday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Prologis currently has a consensus rating of “Moderate Buy” and an average price target of $128.67.

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.