Prologis, Inc. (PLD) To Go Ex-Dividend on March 17th

Prologis, Inc. (NYSE:PLD) announced a quarterly dividend on Thursday, February 12th. Shareholders of record on Tuesday, March 17th will be paid a dividend of 1.07 per share by the real estate investment trust on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Tuesday, March 17th. This is a 5.9% increase from Prologis’s previous quarterly dividend of $1.01.

Prologis has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 12 years. Prologis has a payout ratio of 124.7% indicating that 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 $6.20 per share next year, which means the company should continue to be able to cover its $4.04 annual dividend with an expected future payout ratio of 65.2%.

Prologis Stock Up 1.9%

Shares of PLD opened at $138.93 on Friday. The company has a 50-day simple moving average of $130.47 and a 200-day simple moving average of $121.82. The firm has a market capitalization of $129.05 billion, a P/E ratio of 39.13, a P/E/G ratio of 3.38 and a beta of 1.42. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 0.19. Prologis has a 52 week low of $85.35 and a 52 week high of $141.95.

Prologis (NYSE:PLD) last released its earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.44. The business had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.09 billion. Prologis had a return on equity of 5.78% and a net margin of 37.86%.The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the business earned $1.42 earnings per share. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. On average, equities research analysts expect that Prologis will post 5.73 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on PLD. Robert W. Baird reaffirmed a “neutral” rating and issued a $130.00 target price (up from $128.00) on shares of Prologis in a research report on Thursday, January 8th. Citigroup reaffirmed a “buy” rating on shares of Prologis in a report on Monday, January 26th. Wells Fargo & Company upped their target price on shares of Prologis from $120.00 to $139.00 and gave the company an “overweight” rating in a research note on Monday, October 27th. The Goldman Sachs Group raised their price target on shares of Prologis from $133.00 to $137.00 and gave the stock a “neutral” rating in a research note on Monday, January 26th. Finally, Royal Bank Of Canada increased their target price on Prologis from $132.00 to $135.00 and gave the stock a “sector perform” rating in a report on Monday, February 2nd. Thirteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Prologis currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.32.

Prologis Company Profile

Prologis, Inc is a real estate investment trust (REIT) specializing in logistics and distribution facilities. The company focuses on acquiring, developing, and managing high-quality industrial real estate assets that support supply chain infrastructure for third-party logistics providers, e-commerce businesses, retailers and manufacturers. Its portfolio primarily consists of warehouse and distribution centers designed to optimize goods movement and storage near key transportation hubs.

With a global presence, Prologis serves customers across the Americas, Europe and Asia Pacific.