Prologis (NYSE:PLD) posted its quarterly earnings results on Monday. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.16), Fidelity Earnings reports. Prologis had a return on equity of 6.55% and a net margin of 55.04%. The firm had revenue of $700.69 million for the quarter, compared to the consensus estimate of $704.19 million. During the same period last year, the company posted $0.71 earnings per share. The business’s revenue was up 28.6% compared to the same quarter last year.

PLD opened at $81.61 on Thursday. The firm has a 50 day moving average of $79.51. Prologis has a 1-year low of $55.21 and a 1-year high of $83.99. The company has a current ratio of 0.20, a quick ratio of 0.36 and a debt-to-equity ratio of 0.43. The firm has a market cap of $51.38 billion, a P/E ratio of 26.93, a P/E/G ratio of 4.54 and a beta of 1.03.

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 13th were paid a $0.53 dividend. The ex-dividend date of this dividend was Wednesday, June 12th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.60%. Prologis’s payout ratio is currently 69.97%.

A number of equities analysts recently commented on the stock. Goldman Sachs Group assumed coverage on shares of Liberty Property Trust in a research report on Wednesday, May 15th. They set a “neutral” rating and a $49.00 price target on the stock. BMO Capital Markets lowered their price target on shares of Wells Fargo & Co to $59.00 and set a “market perform” rating on the stock in a research report on Wednesday. Citigroup set a $86.00 price target on shares of Prologis and gave the stock a “buy” rating in a research report on Thursday, June 6th. Morgan Stanley downgraded shares of Meili from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $14.00 to $4.20 in a research note on Monday, June 3rd. Finally, KeyCorp increased their price objective on shares of Terreno Realty from $49.00 to $52.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Prologis has a consensus rating of “Buy” and a consensus price target of $76.04.

In other news, insider Edward S. Nekritz sold 30,671 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $75.01, for a total value of $2,300,631.71. Following the sale, the insider now directly owns 21,121 shares in the company, valued at approximately $1,584,286.21. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Philip L. Hawkins sold 9,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $78.72, for a total transaction of $708,480.00. Following the completion of the sale, the director now owns 35,511 shares in the company, valued at $2,795,425.92. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Prologis Company Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2018, 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 768 million square feet (71 million square meters) in 19 countries.

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Earnings History for Prologis (NYSE:PLD)

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