Prologis (NYSE:PLD) Updates FY25 Earnings Guidance

Prologis (NYSE:PLD) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $5.70-5.86 for the period, compared to the consensus earnings per share estimate of $5.78.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. BMO Capital Markets cut Prologis from a “market perform” rating to an “underperform” rating and decreased their target price for the stock from $120.00 to $104.00 in a report on Friday, December 6th. Mizuho cut their price objective on Prologis from $119.00 to $117.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. decreased their target price on shares of Prologis from $138.00 to $131.00 and set an “overweight” rating for the company in a report on Monday, October 21st. Wolfe Research cut their price target on shares of Prologis from $135.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Barclays raised their price objective on shares of Prologis from $131.00 to $132.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Prologis presently has a consensus rating of “Moderate Buy” and an average target price of $128.67.

Prologis Trading Down 1.3 %

Shares of Prologis stock opened at $109.51 on Tuesday. Prologis has a 1 year low of $100.82 and a 1 year high of $135.76. The company’s fifty day simple moving average is $110.25 and its 200-day simple moving average is $118.34. The company has a market cap of $101.43 billion, a price-to-earnings ratio of 33.09, a PEG ratio of 3.01 and a beta of 1.09. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.56.

Prologis Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a $0.96 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $3.84 annualized dividend and a yield of 3.51%. Prologis’s dividend payout ratio (DPR) is 116.01%.

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.