Prologis Declares Quarterly Dividend of $0.28 (PLD)
Prologis (NYSE:PLD) declared a quarterly dividend on Friday, December 7th. Shareholders of record on Monday, December 17th will be given a dividend of $0.28 per share on Friday, December 28th. This represents a $1.12 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend is Thursday, December 13th.
PLD has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Prologis in a research note to investors on Friday, October 26th. They now have a $36.00 price target on the stock. On the ratings front, analysts at Barclays Capital reiterated an “overweight” rating on shares of Prologis in a research note to investors on Monday, October 22nd. They now have a $46.00 price target on the stock. Finally, analysts at Stifel Nicolaus upgraded shares of Prologis from a “hold” rating to a “buy” rating in a research note to investors on Thursday, October 4th. They now have a $40.00 price target on the stock.
Prologis (PLD) traded up 0.95% on Friday, hitting $35.24. Prologis (PLD) has a 1-year low of $26.65 and a 1-year high of $37.58. The company has a market cap of $16.213 billion and a price-to-earnings ratio of 156.55.
Prologis last released its earnings data on Tuesday, October 23rd. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.06.
Prologis, Inc. (Prologis), formerly AMB Property Corporation, is a real estate investment trust (REIT) and the general partner of the Prologis, L.
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