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

Prologis (NYSE:PLD) announced its quarterly earnings data on Wednesday. The real estate investment trust reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.05, Briefing.com reports. Prologis had a return on equity of 6.45% and a net margin of 44.59%. During the same quarter last year, the business earned $1.34 earnings per share. The company’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

NYSE:PLD opened at $108.52 on Wednesday. The stock has a market capitalization of $100.70 billion, a P/E ratio of 27.13, a price-to-earnings-growth ratio of 2.77 and a beta of 1.23. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.56. Prologis has a 1 year low of $85.35 and a 1 year high of $132.57. The firm has a 50 day moving average of $107.37 and a 200-day moving average of $109.60.

Prologis Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th were issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend was Tuesday, June 17th. Prologis’s payout ratio is 101.00%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Prologis stock. Brighton Jones LLC lifted its holdings in Prologis, Inc. (NYSE:PLD) by 629.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,475 shares of the real estate investment trust’s stock after acquiring an additional 15,078 shares during the quarter. Brighton Jones LLC’s holdings in Prologis were worth $1,847,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on PLD. UBS Group raised their target price on Prologis from $106.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Royal Bank Of Canada cut their target price on Prologis from $128.00 to $117.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 29th. Scotiabank raised their target price on Prologis from $97.00 to $100.00 and gave the company a “sector underperform” rating in a report on Monday, May 12th. Robert W. Baird lowered their price target on Prologis from $126.00 to $120.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 7th. Finally, Wolfe Research downgraded Prologis from an “outperform” rating to a “peer perform” rating in a research report on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Prologis presently has a consensus rating of “Moderate Buy” and an average price target of $120.47.

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.