Prologis (NYSE:PLD) Announces Earnings Results, Beats Expectations By $0.05 EPS

Prologis (NYSE:PLD) announced its quarterly earnings results on Wednesday. The real estate investment trust reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.05, Briefing.com reports. Prologis had a return on equity of 5.96% and a net margin of 40.29%. The company had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the previous year, the business earned $1.34 earnings per share. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. Prologis updated its FY 2025 guidance to 5.750-5.800 EPS.

Prologis Stock Performance

Shares of Prologis stock opened at $106.51 on Friday. The business’s 50 day moving average price is $107.49 and its 200 day moving average price is $109.61. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.41 and a current ratio of 0.19. The company has a market cap of $98.83 billion, a price-to-earnings ratio of 28.86, a PEG ratio of 2.77 and a beta of 1.23. Prologis has a one year low of $85.35 and a one year high of $132.57.

Prologis Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th were issued a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend was Tuesday, June 17th. Prologis’s payout ratio is currently 101.00%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on PLD shares. Mizuho dropped their price target on Prologis from $117.00 to $105.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Evercore ISI lowered their price objective on shares of Prologis from $111.00 to $106.00 and set an “in-line” rating for the company in a research report on Thursday, April 17th. UBS Group boosted their price objective on shares of Prologis from $106.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. Truist Financial dropped their target price on shares of Prologis from $123.00 to $120.00 and set a “buy” rating on the stock in a report on Monday, May 5th. Finally, Wells Fargo & Company set a $137.00 target price on shares of Prologis and gave the stock an “overweight” rating in a report on Sunday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Prologis currently has a consensus rating of “Moderate Buy” and an average price target of $120.47.

Institutional Trading of Prologis

An institutional investor recently raised its position in Prologis stock. Brighton Jones LLC boosted its stake in Prologis, Inc. (NYSE:PLD) by 629.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,475 shares of the real estate investment trust’s stock after buying an additional 15,078 shares during the quarter. Brighton Jones LLC’s holdings in Prologis were worth $1,847,000 as of its most recent filing with the SEC. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Company Profile

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.