Prologis (PLD) Updates FY18 Earnings Guidance

Prologis (NYSE:PLD) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share guidance of $2.95-3.01 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.91.

Several research firms have weighed in on PLD. Jefferies Group upgraded shares of Prologis from a hold rating to a buy rating in a research report on Thursday, April 12th. Citigroup upgraded shares of Prologis from a neutral rating to a buy rating and set a $72.00 price target on the stock in a research report on Friday, April 6th. ValuEngine upgraded shares of Prologis from a hold rating to a buy rating in a research report on Monday, April 2nd. JPMorgan Chase upgraded shares of Prologis from a neutral rating to an overweight rating in a research report on Tuesday, March 27th. Finally, Barclays reiterated an overweight rating and issued a $72.00 price target on shares of Prologis in a research report on Friday, February 16th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Prologis has an average rating of Buy and an average price target of $67.94.

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Shares of PLD stock opened at $63.50 on Tuesday. The firm has a market cap of $33,187.94, a PE ratio of 22.28, a PEG ratio of 4.68 and a beta of 0.82. Prologis has a one year low of $53.15 and a one year high of $67.53. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.68 and a current ratio of 0.68.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Tuesday, January 23rd. The real estate investment trust reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.01. The firm had revenue of $550.65 million for the quarter, compared to the consensus estimate of $533.54 million. Prologis had a net margin of 63.11% and a return on equity of 9.12%. The company’s revenue was down 1.6% on a year-over-year basis. During the same period last year, the firm earned $0.63 EPS. equities analysts forecast that Prologis will post 2.91 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.02%. This is an increase from Prologis’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Wednesday, March 14th. Prologis’s dividend payout ratio (DPR) is presently 68.33%.

In other news, insider Michael S. Curless sold 14,465 shares of the firm’s stock in a transaction on Wednesday, March 28th. The shares were sold at an average price of $62.49, for a total transaction of $903,917.85. Following the sale, the insider now directly owns 102 shares in the company, valued at approximately $6,373.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William D. Zollars sold 4,020 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $60.48, for a total transaction of $243,129.60. Following the sale, the director now owns 20,225 shares in the company, valued at $1,223,208. The disclosure for this sale can be found here. 1.32% of the stock is owned by company insiders.

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Prologis Company Profile

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.

Earnings History and Estimates for Prologis (NYSE:PLD)

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