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.
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.
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.
COPYRIGHT VIOLATION WARNING: “Prologis (PLD) Releases FY18 Earnings Guidance” was originally posted by Week Herald and is the sole property of of Week Herald. If you are accessing this story on another publication, it was illegally copied and republished in violation of U.S. & international trademark and copyright legislation. The correct version of this story can be viewed at https://weekherald.com/2018/04/19/prologis-pld-releases-fy18-earnings-guidance.html.
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.
Receive News & Ratings for Prologis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prologis and related companies with MarketBeat.com's FREE daily email newsletter.