What is Zacks Research’s Estimate for Prologis Q1 Earnings?

Prologis, Inc. (NYSE:PLD) – Research analysts at Zacks Research lowered their Q1 2027 EPS estimates for Prologis in a research report issued to clients and investors on Tuesday, July 15th. Zacks Research analyst R. Department now forecasts that the real estate investment trust will post earnings per share of $1.56 for the quarter, down from their previous estimate of $1.57. The consensus estimate for Prologis’ current full-year earnings is $5.73 per share. Zacks Research also issued estimates for Prologis’ FY2027 earnings at $6.38 EPS.

Other equities analysts have also issued reports about the stock. BMO Capital Markets reduced their target price on shares of Prologis from $105.00 to $95.00 and set an “outperform” rating for the company in a research note on Monday, April 14th. Scotiabank upped their price target on Prologis from $97.00 to $100.00 and gave the stock a “sector underperform” rating in a research report on Monday, May 12th. Truist Financial decreased their price target on shares of Prologis from $123.00 to $120.00 and set a “buy” rating for the company in a research note on Monday, May 5th. Mizuho reduced their target price on shares of Prologis from $117.00 to $105.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Finally, UBS Group boosted their price target on shares of Prologis from $106.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $120.47.

Prologis Stock Performance

Shares of PLD opened at $110.07 on Thursday. The firm’s 50 day moving average price is $107.47 and its two-hundred day moving average price is $109.60. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.41 and a current ratio of 0.41. Prologis has a twelve month low of $85.35 and a twelve month high of $132.57. The firm has a market cap of $102.14 billion, a P/E ratio of 27.52, a PEG ratio of 2.76 and a beta of 1.23.

Prologis (NYSE:PLD) last posted its earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.05. The firm had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Prologis had a return on equity of 6.45% and a net margin of 44.59%. The company’s revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.34 earnings per share.

Prologis Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th were given a $1.01 dividend. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.67%. Prologis’s payout ratio is presently 101.00%.

Hedge Funds Weigh In On Prologis

A number of hedge funds have recently bought and sold shares of the business. Aviva PLC increased its holdings in shares of Prologis by 36.6% during the fourth quarter. Aviva PLC now owns 695,187 shares of the real estate investment trust’s stock worth $73,481,000 after purchasing an additional 186,187 shares during the period. Alley Investment Management Company LLC increased its stake in Prologis by 102.8% during the 1st quarter. Alley Investment Management Company LLC now owns 108,335 shares of the real estate investment trust’s stock worth $12,111,000 after acquiring an additional 54,914 shares during the period. Allstate Corp increased its stake in Prologis by 111.7% during the 4th quarter. Allstate Corp now owns 74,518 shares of the real estate investment trust’s stock worth $7,877,000 after acquiring an additional 39,321 shares during the period. First Citizens Bank & Trust Co. raised its holdings in Prologis by 1,451.2% in the 1st quarter. First Citizens Bank & Trust Co. now owns 31,180 shares of the real estate investment trust’s stock valued at $3,486,000 after acquiring an additional 29,170 shares in the last quarter. Finally, Truist Financial Corp lifted its position in shares of Prologis by 9.3% during the 1st quarter. Truist Financial Corp now owns 297,270 shares of the real estate investment trust’s stock valued at $33,232,000 after acquiring an additional 25,229 shares during the period. 93.50% of the stock is owned by institutional investors.

About Prologis

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.