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NYSE:PLD

Prologis (PLD) Stock Price, News & Analysis

Prologis logo
$103.32 +1.92 (+1.89%)
(As of 12/20/2024 05:40 PM ET)

About Prologis Stock (NYSE:PLD)

Key Stats

Today's Range
$100.82
$104.81
50-Day Range
$101.40
$126.97
52-Week Range
$100.82
$135.76
Volume
11.05 million shs
Average Volume
3.72 million shs
Market Capitalization
$95.69 billion
P/E Ratio
31.21
Dividend Yield
3.72%
Price Target
$128.88
Consensus Rating
Moderate Buy

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.

Prologis Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
96th Percentile Overall Score

PLD MarketRank™: 

Prologis scored higher than 96% of companies evaluated by MarketBeat, and ranked 38th out of 936 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Prologis has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 9 buy ratings, 6 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    Prologis has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Prologis' stock forecast and price target.
  • Earnings Growth

    Earnings for Prologis are expected to grow by 7.52% in the coming year, from $5.45 to $5.86 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Prologis is 31.21, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.72.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Prologis is 31.21, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 24.80.

  • Price to Earnings Growth Ratio

    Prologis has a PEG Ratio of 3.27. 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 1.65. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    1.14% 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 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Prologis has recently decreased by 11.95%, indicating that investor sentiment is improving significantly.
  • Dividend Leadership

    Prologis is a leading dividend payer. It pays a dividend yield of 3.70%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • 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 65.53% next year. This indicates that Prologis will be able to sustain or increase its dividend.

  • Read more about Prologis' dividend.
  • Percentage of Shares Shorted

    1.14% 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 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Prologis has recently decreased by 11.95%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Prologis has a news sentiment score of 0.36. 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 lower news sentiment than the 0.72 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 6 news articles for Prologis this week, compared to 15 articles on an average week.
  • Search Interest

    35 people have searched for PLD on MarketBeat in the last 30 days. This is an increase of 52% compared to the previous 30 days.
  • MarketBeat Follows

    Only 15 people have added Prologis to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Prologis insiders have not sold or bought any 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.

  • Read more about Prologis' insider trading history.
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PLD Stock News Headlines

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Prologis: Buy The Best At A Bargain
Contrasting W. P. Carey (NYSE:WPC) and Prologis (NYSE:PLD)
See More Headlines

PLD Stock Analysis - Frequently Asked Questions

Prologis' stock was trading at $133.30 at the beginning of 2024. Since then, PLD shares have decreased by 22.5% and is now trading at $103.32.
View the best growth stocks for 2024 here
.

Prologis, Inc. (NYSE:PLD) released its earnings results on Wednesday, October, 16th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.37 by $0.29. The business's revenue was up 6.9% compared to the same quarter last year.
Read the conference call transcript
.

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

Top institutional shareholders of Prologis 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
.

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.

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
Ex-Dividend for 12/31 Dividend
12/16/2024
Today
12/22/2024
Dividend Payable
12/31/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Industrial REITs
CUSIP
74340W10
Employees
2,574
Year Founded
1983

Price Target and Rating

Average Stock Price Target
$128.88
High Stock Price Target
$146.00
Low Stock Price Target
$104.00
Potential Upside/Downside
+24.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
16 Analysts

Profitability

Net Income
$3.06 billion
Pretax Margin
43.35%

Debt

Sales & Book Value

Annual Sales
$7.89 billion
Cash Flow
$5.00 per share
Book Value
$62.51 per share

Miscellaneous

Free Float
921,544,000
Market Cap
$95.69 billion
Optionable
Optionable
Beta
1.07

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This page (NYSE:PLD) was last updated on 12/23/2024 by MarketBeat.com Staff
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