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NYSE:PLD

Prologis (PLD) Stock Price, News & Analysis

$119.32
-0.68 (-0.57%)
(As of 10/8/2024 ET)

About Prologis Stock (NYSE:PLD)

Key Stats

Today's Range
$118.22
$120.68
50-Day Range
$118.94
$132.41
52-Week Range
$96.64
$137.52
Volume
3.04 million shs
Average Volume
3.63 million shs
Market Capitalization
$110.47 billion
P/E Ratio
34.89
Dividend Yield
3.22%
Price Target
$133.35
Consensus Rating
Moderate Buy

Company Overview

Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At March 31, 2024, 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 1.2 billion square feet (115 million square meters) in 19 countries. Prologis leases modern logistics facilities to a diverse base of approximately 6,700 customers principally across two major categories: business-to-business and retail/online fulfillment.

Prologis Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
97th Percentile Overall Score

PLD MarketRank™: 

Prologis scored higher than 97% of companies evaluated by MarketBeat, and ranked 55th out of 933 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Prologis has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 10 buy ratings, 6 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Prologis has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Prologis' stock forecast and price target.
  • Earnings Growth

    Earnings for Prologis are expected to grow by 10.70% in the coming year, from $5.42 to $6.00 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Prologis is 34.89, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.10.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Prologis is 34.89, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 46.22.

  • Price to Earnings Growth Ratio

    Prologis has a PEG Ratio of 3.25. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Prologis has a P/B Ratio of 1.91. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Prologis' valuation and earnings.
  • Percentage of Shares Shorted

    1.59% of the outstanding shares of Prologis have been sold short.
  • Short Interest Ratio / Days to Cover

    Prologis has a short interest ratio ("days to cover") of 4.3.
  • Change versus previous month

    Short interest in Prologis has recently increased by 15.23%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Prologis pays a meaningful dividend of 3.09%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Prologis has been increasing its dividend for 11 years.

  • Dividend Coverage

    The dividend payout ratio of Prologis is 112.28%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on earnings estimates, Prologis will have a dividend payout ratio of 64.00% next year. This indicates that Prologis will be able to sustain or increase its dividend.

  • Read more about Prologis' dividend.
  • Percentage of Shares Shorted

    1.59% of the outstanding shares of Prologis have been sold short.
  • Short Interest Ratio / Days to Cover

    Prologis has a short interest ratio ("days to cover") of 4.3.
  • Change versus previous month

    Short interest in Prologis has recently increased by 15.23%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Prologis has a news sentiment score of 0.81. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.67 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 16 news articles for Prologis this week, compared to 13 articles on an average week.
  • Search Interest

    44 people have searched for PLD on MarketBeat in the last 30 days. This is an increase of 29% compared to the previous 30 days.
  • MarketBeat Follows

    Only 4 people have added Prologis to their MarketBeat watchlist in the last 30 days. This is a decrease of -20% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Prologis insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $671,164.00 in company stock.

  • Percentage Held by Insiders

    Only 0.50% of the stock of Prologis is held by insiders.

  • Percentage Held by Institutions

    93.50% of the stock of Prologis is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Prologis' insider trading history.
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PLD Stock News Headlines

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PLD Stock Analysis - Frequently Asked Questions

Prologis' stock was trading at $133.30 at the beginning of 2024. Since then, PLD stock has decreased by 10.5% and is now trading at $119.32.
View the best growth stocks for 2024 here
.

Prologis, Inc. (NYSE:PLD) announced its earnings results on Wednesday, July, 17th. The real estate investment trust reported $0.92 EPS for the quarter, missing analysts' consensus estimates of $1.33 by $0.41. The business's revenue for the quarter was down 18.1% compared to the same quarter last year.
Read the conference call transcript
.

Prologis subsidiaries include these companies: Liberty Property Trust, Industrial Property Trust, DCT Industrial, KTR Capital Partners, AMB Asia LLC, AMB HFC LP, DCT Industrial TRS Inc., and more.

Prologis' top institutional shareholders include AMF Tjanstepension AB (0.20%), Handelsbanken Fonder AB (0.04%), Czech National Bank (0.02%) and SG Americas Securities LLC (0.02%). Insiders that own company stock include Irving F Lyons III, James B Connor, Avid Modjtabai, Joseph Ghazal, David P Oconnor, George L Fotiades, William D Zollars and Hamid R Moghadam.
View institutional ownership trends
.

Shares of PLD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Prologis investors own include NVIDIA (NVDA), Walt Disney (DIS), Cisco Systems (CSCO), Home Depot (HD), Salesforce (CRM), AbbVie (ABBV) and Johnson & Johnson (JNJ).

Company Calendar

Last Earnings
7/17/2024
Ex-Dividend for 9/30 Dividend
9/16/2024
Dividend Payable
9/30/2024
Today
10/08/2024
Next Earnings (Confirmed)
10/16/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Industrial REITs
CUSIP
74340W10
Employees
2,574
Year Founded
1983

Price Target and Rating

Average Stock Price Target
$133.35
High Stock Price Target
$156.00
Low Stock Price Target
$115.00
Potential Upside/Downside
+11.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
17 Analysts

Profitability

Net Income
$3.06 billion
Pretax Margin
41.10%

Debt

Sales & Book Value

Annual Sales
$7.77 billion
Cash Flow
$5.11 per share
Book Value
$62.51 per share

Miscellaneous

Free Float
921,215,000
Market Cap
$110.49 billion
Optionable
Optionable
Beta
1.07

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This page (NYSE:PLD) was last updated on 10/8/2024 by MarketBeat.com Staff
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