Prologis (NYSE:PLD – Get Free Report) announced its quarterly earnings results on Wednesday. The real estate investment trust reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.41), Yahoo Finance reports. Prologis had a return on equity of 4.88% and a net margin of 36.37%. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the business earned $1.83 EPS. The firm’s revenue for the quarter was down 18.1% on a year-over-year basis. Prologis updated its FY24 guidance to $5.39-5.47 EPS and its FY 2024 guidance to 5.390-5.470 EPS.
Prologis Stock Up 0.9 %
Shares of NYSE:PLD traded up $1.13 during mid-day trading on Friday, reaching $123.75. 3,483,669 shares of the stock were exchanged, compared to its average volume of 3,742,122. The stock’s 50 day simple moving average is $111.64 and its 200-day simple moving average is $120.36. Prologis has a one year low of $96.64 and a one year high of $137.52. The company has a market cap of $114.57 billion, a P/E ratio of 36.02, a P/E/G ratio of 2.93 and a beta of 1.06. The company has a quick ratio of 0.29, a current ratio of 0.10 and a debt-to-equity ratio of 0.52.
Prologis Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 17th were given a dividend of $0.96 per share. The ex-dividend date was Monday, June 17th. This represents a $3.84 annualized dividend and a dividend yield of 3.10%. Prologis’s dividend payout ratio is currently 112.28%.
Analyst Ratings Changes
Read Our Latest Research Report on PLD
About Prologis
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.
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