Prologis (PLD) Releases Earnings Results, Beats Estimates By $0.01 EPS

Prologis (NYSE:PLD) issued its quarterly earnings results on Monday. The real estate investment trust reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01, RTT News reports. The company had revenue of $550.65 million for the quarter, compared to analyst estimates of $533.54 million. Prologis had a net margin of 68.50% and a return on equity of 9.93%. Prologis’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.63 earnings per share.

Prologis (NYSE PLD) opened at $63.11 on Tuesday. The stock has a market cap of $32,872.02, a price-to-earnings ratio of 18.95, a P/E/G ratio of 3.96 and a beta of 0.92. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.53. Prologis has a fifty-two week low of $48.33 and a fifty-two week high of $67.53.

The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Monday, December 18th were issued a $0.44 dividend. The ex-dividend date of this dividend was Friday, December 15th. This represents a $1.76 annualized dividend and a yield of 2.79%. Prologis’s payout ratio is 52.85%.

A number of equities analysts have recently commented on PLD shares. Zacks Investment Research upgraded shares of Prologis from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a report on Monday, September 25th. BTIG Research restated a “buy” rating and issued a $68.00 target price (up previously from $62.00) on shares of Prologis in a report on Wednesday, September 27th. KeyCorp restated a “buy” rating and issued a $65.00 target price on shares of Prologis in a report on Friday, September 29th. SunTrust Banks restated a “buy” rating and issued a $68.00 target price on shares of Prologis in a report on Thursday, October 12th. Finally, BMO Capital Markets set a $69.00 target price on shares of Prologis and gave the company a “buy” rating in a report on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $66.57.

In other Prologis news, CEO Eugene F. Reilly sold 15,000 shares of Prologis stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $66.61, for a total value of $999,150.00. Following the completion of the sale, the chief executive officer now directly owns 63,365 shares of the company’s stock, valued at $4,220,742.65. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Eugene F. Reilly sold 18,000 shares of Prologis stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $66.55, for a total transaction of $1,197,900.00. Following the completion of the sale, the chief executive officer now directly owns 63,365 shares of the company’s stock, valued at $4,216,940.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 99,852 shares of company stock worth $6,600,519. 1.31% of the stock is owned by company insiders.

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About Prologis

Prologis, Inc is a real estate investment trust (REIT) company. The Company is engaged in logistics real estate business. The Company’s segments include Real Estate Operations and Strategic Capital. The Real estate operations segment consists of rental operations and development. The Company’s strategic capital segment includes asset management services, as well as services performed for unconsolidated co-investment ventures.

Earnings History for Prologis (NYSE:PLD)

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