Prologis (NYSE:PLD) Issues Earnings Results

Prologis (NYSE:PLD) posted its quarterly earnings data on Thursday. The real estate investment trust reported $1.63 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.88, Briefing.com reports. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The business’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.46 EPS. Prologis updated its FY 2026 guidance to 6.220-6.300 EPS.

Prologis Trading Up 0.7%

Prologis stock opened at $143.46 on Thursday. Prologis has a 52-week low of $103.41 and a 52-week high of $150.18. The company has a market cap of $133.75 billion, a P/E ratio of 36.14 and a beta of 1.32. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.60. The business has a 50-day simple moving average of $142.87 and a two-hundred day simple moving average of $137.67.

Prologis Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were given a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, June 16th. Prologis’s dividend payout ratio (DPR) is presently 107.81%.

Analyst Ratings Changes

A number of research firms have recently weighed in on PLD. Royal Bank Of Canada upped their target price on shares of Prologis from $135.00 to $148.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 28th. Wells Fargo & Company upped their price objective on shares of Prologis from $155.00 to $167.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Argus lifted their target price on shares of Prologis from $135.00 to $152.00 and gave the company a “buy” rating in a report on Friday, April 17th. Citigroup boosted their price target on Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Finally, Barclays restated an “overweight” rating and issued a $156.00 price target on shares of Prologis in a research note on Thursday. Fifteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, Prologis presently has an average rating of “Moderate Buy” and an average price target of $152.81.

Insider Transactions at Prologis

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $150.00, for a total value of $539,550.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC bought a new position in shares of Prologis in the fourth quarter worth about $436,000. Compound Planning Inc. boosted its position in shares of Prologis by 42.2% during the fourth quarter. Compound Planning Inc. now owns 10,519 shares of the real estate investment trust’s stock worth $1,343,000 after acquiring an additional 3,124 shares during the last quarter. Axxcess Wealth Management LLC increased its holdings in Prologis by 329.1% in the 4th quarter. Axxcess Wealth Management LLC now owns 9,462 shares of the real estate investment trust’s stock valued at $1,208,000 after acquiring an additional 7,257 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in shares of Prologis by 9.2% during the 4th quarter. Corient Private Wealth LLC now owns 211,759 shares of the real estate investment trust’s stock valued at $25,246,000 after purchasing an additional 17,796 shares during the last quarter. Finally, Blue Sparrow LLC DE bought a new stake in Prologis in the 4th quarter worth approximately $8,460,000. Institutional investors own 93.50% of the company’s stock.

About Prologis

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.