3 days Ago By ABMN Staff
Prologis, Inc. ( NYSE:PLD – Free Report ) – Stock analysts at Zacks Research lowered their Q2 2026 earnings per share (EPS) estimates for shares of Prologis in a research note issued to investors on Friday, September 13th. Zacks Research analyst R.
Department now anticipates that the real estate investment trust will earn $1.61 per share for the quarter, down from their prior estimate of $1.62.
The consensus estimate for Prologis’ current full-year earnings is $5.42 per share. Zacks Research also issued estimates for Prologis’ FY2026 earnings at $6.
56 EPS. Prologis ( NYSE:PLD – Get Free Report ) last released its quarterly earnings data on Wednesday, July 17th. The real estate investment trust reported $0.
92 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.41).
Prologis had a net margin of 36.37% and a return on equity of 4.88%.
The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.86 billion.
During the same quarter in the previous year, the company posted $1.83 EPS. The company’s revenue was down 18.
1% compared to the same quarter last year. Read Our Latest Stock Analysis on PLD Prologis Trading Down 0.2 % PLD opened at $129.
98 on Monday. Prologis has a one year low of $96.64 and a one year high of $137.
52. The company has a market cap of $120.34 billion, a P/E ratio of 38.
01, a PEG ratio of 3.36 and a beta of 1.07.
The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.36 and a current ratio of 0.
36. The business’s 50-day simple moving average is $124.42 and its 200-day simple moving average is $118.
74. Hedge Funds Weigh In On Prologis Several hedge funds have recently bought and sold shares of the company. Heritage Wealth Management Inc.
purchased a new position in Prologis in the 2nd quarter valued at approximately $299,000. Sanctuary Advisors LLC purchased a new position in Prologis in the 2nd quarter valued at approximately $17,468,000. New Century Financial Group LLC purchased a new position in Prologis in the 2nd quarter valued at approximately $472,000.
Cetera Investment Advisers increased its stake in Prologis by 6.9% in the 2nd quarter. Cetera Investment Advisers now owns 170,278 shares of the real estate investment trust’s stock valued at $19,124,000 after purchasing an additional 10,967 shares in the last quarter.
Finally, Pathway Financial Advisers LLC increased its position in Prologis by 65.3% during the second quarter. Pathway Financial Advisers LLC now owns 615 shares of the real estate investment trust’s stock worth $69,000 after buying an additional 243 shares in the last quarter.
93.50% of the stock is owned by hedge funds and other institutional investors. Insider Activity In other news, CIO Joseph Ghazal sold 5,200 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd.
The stock was sold at an average price of $129.07, for a total value of $671,164.00.
Following the completion of the sale, the executive now directly owns 13,187 shares of the company’s stock, valued at approximately $1,702,046.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link .
Insiders own 0.50% of the company’s stock. Prologis Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th.
Stockholders of record on Monday, September 16th will be issued a $0.96 dividend. The ex-dividend date of this dividend is Monday, September 16th.
This represents a $3.84 annualized dividend and a dividend yield of 2.95%.
Prologis’s dividend payout ratio is currently 112.28%. About Prologis ( Get Free Report ) 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. Recommended Stories 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.
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