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.
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.
TRADEMARK VIOLATION WARNING: “Prologis (PLD) Updates FY18 Earnings Guidance” was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another domain, it was illegally copied and republished in violation of international copyright and trademark laws. The legal version of this story can be viewed at https://www.dispatchtribunal.com/2018/04/17/prologis-pld-updates-fy18-earnings-guidance.html.
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.
Receive News & Ratings for Prologis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prologis and related companies with MarketBeat.com's FREE daily email newsletter.