Zacks Research Analysts Lift Earnings Estimates for Prologis

Prologis, Inc. (NYSE:PLD) – Stock analysts at Zacks Research raised their FY2025 EPS estimates for shares of Prologis in a report issued on Wednesday, November 5th. Zacks Research analyst Team now forecasts that the real estate investment trust will earn $5.80 per share for the year, up from their previous estimate of $5.75. The consensus estimate for Prologis’ current full-year earnings is $5.73 per share. Zacks Research also issued estimates for Prologis’ Q2 2027 earnings at $1.61 EPS and FY2027 earnings at $6.47 EPS.

A number of other research firms also recently issued reports on PLD. Industrial Alliance Securities set a $119.00 target price on shares of Prologis in a research report on Monday, October 20th. Mizuho set a $118.00 target price on shares of Prologis and gave the stock an “outperform” rating in a research report on Tuesday, August 19th. Wells Fargo & Company increased their target price on shares of Prologis from $120.00 to $139.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Barclays cut their target price on shares of Prologis from $119.00 to $118.00 and set an “overweight” rating for the company in a research report on Monday, September 15th. Finally, Bank of America upgraded shares of Prologis from a “neutral” rating to a “buy” rating and increased their target price for the stock from $118.00 to $130.00 in a research report on Tuesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Prologis has an average rating of “Moderate Buy” and an average target price of $124.56.

Prologis Stock Down 0.1%

PLD stock opened at $123.82 on Thursday. Prologis has a 12-month low of $85.35 and a 12-month high of $127.50. The company has a quick ratio of 0.65, a current ratio of 0.64 and a debt-to-equity ratio of 0.62. The company has a market cap of $115.01 billion, a price-to-earnings ratio of 36.10, a PEG ratio of 3.13 and a beta of 1.28. The company has a 50 day moving average of $117.48 and a two-hundred day moving average of $110.65.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $1.49 EPS for the quarter, beating the consensus estimate of $1.44 by $0.05. Prologis had a net margin of 36.71% and a return on equity of 5.55%. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the firm earned $1.43 EPS. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS.

Prologis Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were paid a dividend of $1.01 per share. The ex-dividend date was Tuesday, September 16th. This represents a $4.04 annualized dividend and a dividend yield of 3.3%. Prologis’s dividend payout ratio is 117.78%.

Insider Buying and Selling at Prologis

In other news, CAO Lori A. Palazzolo sold 25,000 shares of the stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $111.33, for a total transaction of $2,783,250.00. Following the transaction, the chief accounting officer owned 414 shares in the company, valued at $46,090.62. This represents a 98.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Cristina Gabriela Bita sold 1,000 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $111.00, for a total transaction of $111,000.00. Following the transaction, the director owned 9,829 shares in the company, valued at approximately $1,091,019. This trade represents a 9.23% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 27,000 shares of company stock worth $3,013,665. 0.57% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jump Financial LLC acquired a new position in Prologis during the first quarter valued at approximately $2,120,000. Ally Financial Inc. grew its holdings in Prologis by 16.7% during the first quarter. Ally Financial Inc. now owns 28,000 shares of the real estate investment trust’s stock valued at $3,130,000 after purchasing an additional 4,000 shares during the period. Inspire Investing LLC grew its holdings in Prologis by 9.0% during the first quarter. Inspire Investing LLC now owns 90,605 shares of the real estate investment trust’s stock valued at $10,129,000 after purchasing an additional 7,518 shares during the period. Zurich Insurance Group Ltd FI acquired a new position in Prologis during the first quarter valued at approximately $21,792,000. Finally, Texas Capital Bank Wealth Management Services Inc grew its holdings in Prologis by 14.3% during the first quarter. Texas Capital Bank Wealth Management Services Inc now owns 67,794 shares of the real estate investment trust’s stock valued at $7,579,000 after purchasing an additional 8,470 shares during the period. 93.50% of the stock is currently 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.