Prologis, Inc. (PLD) To Go Ex-Dividend on September 16th

Prologis, Inc. (NYSE:PLD) announced a quarterly dividend on Wednesday, September 2nd. Investors of record on Wednesday, September 16th will be given a dividend of 1.07 per share by the real estate investment trust on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, September 16th.

Prologis has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 12 years. Prologis has a payout ratio of 132.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Prologis to earn $6.66 per share next year, which means the company should continue to be able to cover its $4.28 annual dividend with an expected future payout ratio of 64.3%.

Prologis Stock Performance

Shares of PLD stock opened at $135.81 on Monday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.70 and a current ratio of 0.70. Prologis has a one year low of $111.03 and a one year high of $153.35. The company’s 50-day simple moving average is $141.90 and its 200-day simple moving average is $140.44. The stock has a market capitalization of $126.72 billion, a price-to-earnings ratio of 30.25 and a beta of 1.30.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.38. The firm had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the business posted $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Equities analysts anticipate that Prologis will post 6.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Prologis

Several large investors have recently made changes to their positions in PLD. Manning & Napier Advisors LLC acquired a new position in Prologis during the second quarter valued at approximately $25,000. Solstein Capital LLC bought a new stake in shares of Prologis during the 2nd quarter worth $25,000. Clearstead Trust LLC bought a new stake in shares of Prologis during the 2nd quarter worth $28,000. Johnson Financial Group Inc. bought a new position in Prologis in the 2nd quarter worth $29,000. Finally, SouthState Bank Corp lifted its position in Prologis by 73.1% during the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 95 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

Prologis Company Profile

Prologis, Inc is a global real estate investment trust (REIT) that owns, develops, acquires and manages logistics and industrial properties. Its portfolio is designed to support supply-chain operations and includes distribution centers, warehouses, fulfillment facilities and other industrial buildings used by manufacturers, retailers, transportation companies and logistics providers.

The company also provides related property and business services, including facility management, leasing, development and customer-focused solutions through its Prologis Essentials platform.