Prologis (NYSE:PLD) is scheduled to issue its quarterly earnings data on Monday, April 16th. Prologis has set its FY18 guidance at $2.85-2.95 EPS.
Prologis (NYSE:PLD) last issued its earnings results on Tuesday, January 23rd. The real estate investment trust reported $0.67 EPS for the quarter, topping the consensus estimate of $0.66 by $0.01. Prologis had a return on equity of 9.12% and a net margin of 63.11%. The business had revenue of $550.65 million during the quarter, compared to the consensus estimate of $533.54 million. During the same quarter last year, the company earned $0.63 EPS. The firm’s revenue was down 1.6% compared to the same quarter last year. On average, analysts expect Prologis to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of NYSE PLD opened at $61.24 on Monday. Prologis has a 52 week low of $52.98 and a 52 week high of $67.53. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $32,644.23, a price-to-earnings ratio of 21.79, a P/E/G ratio of 4.61 and a beta of 0.83.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th were paid a $0.48 dividend. The ex-dividend date was Wednesday, March 14th. This represents a $1.92 annualized dividend and a yield of 3.14%. This is an increase from Prologis’s previous quarterly dividend of $0.44. Prologis’s dividend payout ratio (DPR) is currently 68.33%.
PLD has been the subject of several analyst reports. Robert W. Baird raised their target price on Prologis from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Cantor Fitzgerald set a $69.00 target price on Prologis and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. BMO Capital Markets set a $68.00 target price on Prologis and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Citigroup upgraded Prologis from a “neutral” rating to a “buy” rating and set a $72.00 target price for the company in a research note on Friday. Finally, ValuEngine upgraded Prologis from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $67.94.
In other Prologis news, Director William D. Zollars sold 4,020 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $60.48, for a total value of $243,129.60. Following the sale, the director now owns 20,225 shares of the company’s stock, valued at approximately $1,223,208. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michael S. Curless sold 14,465 shares of the firm’s stock in a transaction dated Wednesday, March 28th. The shares were sold at an average price of $62.49, for a total value of $903,917.85. Following the completion of the sale, the insider now directly owns 102 shares in the company, valued at approximately $6,373.98. The disclosure for this sale can be found here. Company insiders own 1.31% of the company’s stock.
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Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2017, 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 684 million square feet (64 million square meters) in 19 countries.
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