Prologis (PLD) Releases FY18 Earnings Guidance

Prologis (NYSE:PLD) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $2.95-3.01 for the period, compared to the Thomson Reuters consensus estimate of $2.91.

Several research firms recently commented on PLD. BMO Capital Markets restated a buy rating and set a $68.00 target price on shares of Prologis in a research report on Tuesday. Jefferies Group raised Prologis from a hold rating to a buy rating in a report on Thursday, April 12th. Citigroup raised Prologis from a neutral rating to a buy rating and set a $72.00 price target for the company in a report on Friday, April 6th. ValuEngine raised Prologis from a hold rating to a buy rating in a report on Monday, April 2nd. Finally, JPMorgan Chase raised Prologis from a neutral rating to an overweight rating in a report on Tuesday, March 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Prologis currently has an average rating of Buy and a consensus target price of $67.94.

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NYSE PLD opened at $65.66 on Thursday. The firm has a market capitalization of $34,808.43, a PE ratio of 21.91, a PEG ratio of 4.89 and a beta of 0.83. Prologis has a 52 week low of $53.15 and a 52 week high of $67.53. The company has a quick ratio of 0.68, a current ratio of 0.32 and a debt-to-equity ratio of 0.50.

Prologis (NYSE:PLD) last released its earnings results on Tuesday, April 17th. The real estate investment trust reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.33. The company had revenue of $555.90 million during the quarter, compared to analysts’ expectations of $552.42 million. Prologis had a return on equity of 9.85% and a net margin of 67.65%. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period last year, the firm earned $0.63 EPS. equities research analysts expect that Prologis will post 2.92 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th were paid a $0.48 dividend. This is a boost from Prologis’s previous quarterly dividend of $0.44. This represents a $1.92 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend was Wednesday, March 14th. Prologis’s dividend payout ratio (DPR) is 68.33%.

In other news, Director William D. Zollars sold 4,020 shares of Prologis stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $60.48, for a total value of $243,129.60. Following the completion of the sale, the director now directly owns 20,225 shares of the company’s stock, valued at approximately $1,223,208. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael S. Curless sold 14,465 shares of Prologis stock in a transaction on Wednesday, March 28th. The shares were sold at an average price of $62.49, for a total value of $903,917.85. Following the completion of the sale, the insider now directly owns 102 shares of the company’s stock, valued at $6,373.98. The disclosure for this sale can be found here. 1.31% of the stock is currently owned by company insiders.

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Prologis Company Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2017, 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 684 million square feet (64 million square meters) in 19 countries.

Earnings History and Estimates for Prologis (NYSE:PLD)

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