Prologis (NYSE:PLD) Updates FY 2025 Earnings Guidance

Prologis (NYSE:PLD) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 5.650-5.810 for the period, compared to the consensus estimate of 5.730. The company issued revenue guidance of -.

Prologis Stock Down 0.1 %

Prologis stock traded down $0.10 during midday trading on Wednesday, reaching $98.38. The company’s stock had a trading volume of 624,122 shares, compared to its average volume of 4,153,956. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.75 and a quick ratio of 0.43. The stock has a market capitalization of $91.20 billion, a P/E ratio of 24.65, a PEG ratio of 2.70 and a beta of 1.20. The stock’s 50-day simple moving average is $112.53 and its 200-day simple moving average is $113.68. Prologis has a 52-week low of $85.35 and a 52-week high of $132.57.

Prologis (NYSE:PLD) last released its earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.04. Prologis had a return on equity of 6.44% and a net margin of 45.50%. On average, sell-side analysts expect that Prologis will post 5.73 EPS for the current year.

Prologis Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th were paid a dividend of $1.01 per share. This is a positive change from Prologis’s previous quarterly dividend of $0.96. This represents a $4.04 annualized dividend and a dividend yield of 4.11%. The ex-dividend date of this dividend was Tuesday, March 18th. Prologis’s dividend payout ratio is presently 101.00%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PLD. Wolfe Research lowered their price target on Prologis from $135.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Mizuho cut their price target on shares of Prologis from $119.00 to $117.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. BNP Paribas raised shares of Prologis to a “strong-buy” rating in a research note on Wednesday, January 22nd. Royal Bank of Canada lifted their price objective on Prologis from $125.00 to $128.00 and gave the company a “sector perform” rating in a research note on Monday, January 27th. Finally, Raymond James reaffirmed a “market perform” rating on shares of Prologis in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.78.

Insider Transactions at Prologis

In other news, CIO Joseph Ghazal sold 10,997 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were 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 owns 7,977 shares of the company’s stock, valued at approximately $947,188.98. This trade represents a 57.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

Institutional Trading of Prologis

A hedge fund recently raised its stake in Prologis stock. Brighton Jones LLC grew its position in Prologis, Inc. (NYSE:PLD) by 629.0% in the 4th quarter, according to the company in its most recent filing with the Securities and 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 institutional investors and hedge funds.

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.