Prologis (PLD) Stock Price, News & Analysis

Company Overview

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. Prologis leases modern logistics facilities to a diverse base of approximately 6,700 customers principally across two major categories: business-to-business and retail/online fulfillment.

Key Stats

• Today's Range: $113.60 to $114.99
• 50-Day Range: $112.75 to $130.35
• 52-Week Range: $101.11 to $137.52
• Volume: 2.61 million shs
• Average Volume: 3.64 million shs
• Market Capitalization: $105.56 billion
• P/E Ratio: 34.43
• Dividend Yield: 3.37%
• Price Target: $131.25
• Consensus Rating: Moderate Buy

Prologis Stock Analysis - MarketRank™

Prologis scored higher than 98% of companies evaluated by MarketBeat, and ranked 26th out of 916 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Prologis has received a consensus rating of Moderate Buy. The company's average rating score is 2.63, and is based on 8 buy ratings, 7 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Prologis has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 8.07%

Earnings Growth

Earnings for Prologis are expected to grow by 8.07% in the coming year, from $5.45 to $5.89 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Prologis is 34.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.63.

Price to Earnings Ratio vs. Sector

The P/E ratio of Prologis is 34.43, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 47.72.

Price to Earnings Growth Ratio

Prologis has a PEG Ratio of 3.03. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Prologis has a P/B Ratio of 1.83. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.12% of the outstanding shares of Prologis have been sold short.

Short Interest Ratio / Days to Cover

Prologis has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Prologis has recently increased by 6.78%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Yield

Prologis pays a meaningful dividend of 3.34%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Prologis has been increasing its dividend for 11 years.

Dividend Coverage

The dividend payout ratio of Prologis is 116.01%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Prologis will have a dividend payout ratio of 65.20% next year. This indicates that Prologis will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.2 / 5
• Environmental Score: -1.86

Percentage of Shares Shorted

1.12% of the outstanding shares of Prologis have been sold short.

Short Interest Ratio / Days to Cover

Prologis has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Prologis has recently increased by 6.78%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.5 / 5
• News Sentiment: 1.32

News Sentiment

Prologis has a news sentiment score of 1.32. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.77 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 29 news articles for Prologis this week, compared to 14 articles on an average week.

Search Interest

Only 23 people have searched for PLD on MarketBeat in the last 30 days. This is a decrease of -34% compared to the previous 30 days.

MarketBeat Follows

16 people have added Prologis to their MarketBeat watchlist in the last 30 days. This is an increase of 78% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Prologis insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $671,164.00 in company stock.

Percentage Held by Insiders

Only 0.50% of the stock of Prologis is held by insiders.

Percentage Held by Institutions

93.50% of the stock of Prologis is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PLD Stock Analysis - Frequently Asked Questions

How have PLD shares performed this year?

Prologis' stock was trading at $133.30 on January 1st, 2024. Since then, PLD shares have decreased by 14.5% and is now trading at $113.97.
View the best growth stocks for 2024 here.

How were Prologis' earnings last quarter?

Prologis, Inc. (NYSE:PLD) announced its quarterly earnings data on Wednesday, October, 16th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by $0.29. Prologis's revenue was up 6.9% on a year-over-year basis.
Read the conference call transcript.

Does Prologis have any subsidiaries?

Prologis subsidiaries include Liberty Property Trust, Industrial Property Trust, DCT Industrial, KTR Capital Partners, AMB Asia LLC, AMB HFC LP, DCT Industrial TRS Inc., and more.

Who are Prologis' major shareholders?

Prologis' top institutional shareholders include State Street Corp (6.20%), Geode Capital Management LLC (2.24%), Massachusetts Financial Services Co. MA (1.76%) and FMR LLC (1.73%). Insiders that own company stock include Irving F Lyons III, James B Connor, Avid Modjtabai, Joseph Ghazal, David P Oconnor, George L Fotiades and William D Zollars.
View institutional ownership trends.

How do I buy shares of Prologis?

Shares of PLD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Prologis own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Prologis investors own include Salesforce (CRM), Chevron (CVX), Bristol-Myers Squibb (BMY), Comcast (CMCSA), AbbVie (ABBV), QUALCOMM (QCOM) and Coca-Cola (KO).

Company Calendar

• Ex-Dividend for 9/30 Dividend: 9/16/2024
• Dividend Payable: 9/30/2024
• Last Earnings: 10/16/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/15/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Industrial REITs
• Current Symbol: NYSE:PLD
• Previous Symbol: NYSE:AMB
• CUSIP: 74340W10
• CIK: 1045609
• Web: www.prologis.com
• Phone: (415) 394-9000
• Fax: 415-394-9001
• Employees: 2,574
• Year Founded: 1983

Price Target and Rating

• Average Stock Price Target: $131.25
• High Stock Price Target: $146.00
• Low Stock Price Target: $115.00
• Potential Upside/Downside: +14.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.63
• Research Coverage: 16 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.31
• Trailing P/E Ratio: 34.51
• Forward P/E Ratio: 20.96
• P/E Growth: 3.03
• Net Income: $3.06 billion
• Net Margins: 39.08%
• Pretax Margin: 43.35%
• Return on Equity: 5.34%
• Return on Assets: 3.28%

Debt

• Debt-to-Equity Ratio: 0.56
• Current Ratio: 0.43
• Quick Ratio: 0.43

Sales & Book Value

• Annual Sales: $8.02 billion
• Price / Sales: 13.19
• Cash Flow: $5.38 per share
• Price / Cash Flow: 21.25
• Book Value: $62.19 per share
• Price / Book: 1.84

Miscellaneous

• Outstanding Shares: 926,170,000
• Free Float: 921,544,000
• Market Cap: $105.80 billion
• Optionable: Optionable
• Beta: 1.08