Prologis, Inc. (PLD) To Go Ex-Dividend on September 16th

Prologis, Inc. (NYSE:PLD) declared a quarterly dividend on Wednesday, September 2nd. Shareholders of record on Wednesday, September 16th will be paid a dividend of 1.07 per share by the real estate investment trust on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Wednesday, September 16th.

Prologis has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 12 years. Prologis has a dividend payout ratio of 132.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Prologis to earn $6.65 per share next year, which means the company should continue to be able to cover its $4.28 annual dividend with an expected future payout ratio of 64.4%.

Prologis Trading Up 1.0%

NYSE PLD opened at $137.96 on Friday. Prologis has a 12 month low of $110.51 and a 12 month high of $153.35. The stock has a market cap of $128.73 billion, a P/E ratio of 30.73 and a beta of 1.30. The stock’s fifty day moving average price is $142.12 and its 200-day moving average price is $140.60. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.38. The firm had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The company’s revenue was up 11.0% on a year-over-year basis. During the same period last year, the company earned $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. As a group, equities analysts forecast that Prologis will post 6.27 EPS for the current fiscal year.

Insiders Place Their Bets

In other Prologis news, CFO Timothy Arndt sold 3,597 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $150.00, for a total value of $539,550.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.52% of the company’s stock.

Institutional Trading of Prologis

Large investors have recently made changes to their positions in the stock. California State Teachers Retirement System lifted its position in Prologis by 13,234.9% during the second quarter. California State Teachers Retirement System now owns 189,453,847 shares of the real estate investment trust’s stock valued at $25,665,313,000 after purchasing an additional 188,033,109 shares during the period. BlackRock Inc. bought a new stake in Prologis in the 2nd quarter worth approximately $14,006,587,000. Norges Bank purchased a new stake in Prologis during the 4th quarter valued at $1,589,125,000. Legal & General Group Plc purchased a new stake in Prologis during the 2nd quarter valued at $1,473,965,000. Finally, Bank of America Corp DE bought a new position in shares of Prologis during the 2nd quarter valued at $1,427,256,000. 93.50% of the stock is currently owned by institutional investors.

About Prologis

Prologis, Inc is a real estate investment trust (REIT) specializing in logistics and distribution facilities. The company focuses on acquiring, developing, and managing high-quality industrial real estate assets that support supply chain infrastructure for third-party logistics providers, e-commerce businesses, retailers and manufacturers. Its portfolio primarily consists of warehouse and distribution centers designed to optimize goods movement and storage near key transportation hubs.

With a global presence, Prologis serves customers across the Americas, Europe and Asia Pacific.