Prologis (NYSE:PLD) Announces Earnings Results, Meets Estimates

Prologis (NYSE:PLD) announced its quarterly earnings results on Wednesday. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.44, Zacks reports. Prologis had a net margin of 36.71% and a return on equity of 5.55%. Prologis updated its FY 2026 guidance to 6.000-6.200 EPS.

Prologis Trading Down 1.9%

Shares of NYSE PLD opened at $130.74 on Wednesday. The stock has a market cap of $121.44 billion, a P/E ratio of 38.12, a price-to-earnings-growth ratio of 3.90 and a beta of 1.40. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.64 and a current ratio of 0.64. Prologis has a 52-week low of $85.35 and a 52-week high of $134.94. The firm has a 50 day moving average price of $128.12 and a two-hundred day moving average price of $118.90.

Prologis Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Tuesday, December 16th. Prologis’s payout ratio is presently 117.78%.

Insider Buying and Selling at Prologis

In other Prologis news, Director Cristina Gabriela Bita sold 621 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $127.60, for a total transaction of $79,239.60. Following the sale, the director owned 8,208 shares of the company’s stock, valued at approximately $1,047,340.80. This represents a 7.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James B. Connor sold 80,000 shares of the firm’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $126.58, for a total value of $10,126,400.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 81,121 shares of company stock valued at $10,267,210. 0.57% of the stock is currently owned by corporate insiders.

Institutional Trading of Prologis

A number of large investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its holdings in Prologis by 629.0% during the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock valued at $1,847,000 after buying an additional 15,078 shares in the last quarter. Schnieders Capital Management LLC. lifted its holdings in shares of Prologis by 45.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock worth $1,128,000 after acquiring an additional 3,350 shares during the last quarter. Walleye Capital LLC purchased a new stake in Prologis during the second quarter valued at about $422,000. NewEdge Advisors LLC boosted its holdings in shares of Prologis by 6.8% in the 2nd quarter. NewEdge Advisors LLC now owns 63,829 shares of the real estate investment trust’s stock worth $6,710,000 after purchasing an additional 4,074 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its holdings in shares of Prologis by 2.4% in the 2nd quarter. Treasurer of the State of North Carolina now owns 433,312 shares of the real estate investment trust’s stock worth $45,550,000 after purchasing an additional 10,266 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

PLD has been the subject of a number of recent research reports. Barclays reaffirmed an “overweight” rating and set a $139.00 price target on shares of Prologis in a research report on Tuesday, January 13th. Baird R W downgraded shares of Prologis from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. BTIG Research lifted their price target on Prologis from $134.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, December 31st. Morgan Stanley set a $135.00 price objective on Prologis in a research note on Friday. Finally, Truist Financial raised their price target on Prologis from $131.00 to $142.00 and gave the company a “buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Prologis presently has a consensus rating of “Moderate Buy” and an average price target of $133.00.

Prologis Company Profile

Prologis, Inc is a real estate investment trust (REIT) specializing in logistics and distribution facilities. The company focuses on acquiring, developing, and managing high-quality industrial real estate assets that support supply chain infrastructure for third-party logistics providers, e-commerce businesses, retailers and manufacturers. Its portfolio primarily consists of warehouse and distribution centers designed to optimize goods movement and storage near key transportation hubs.

With a global presence, Prologis serves customers across the Americas, Europe and Asia Pacific.