Prologis, Inc. (NYSE:PLD) Announces Quarterly Dividend of $1.01

Prologis, Inc. (NYSE:PLD) declared a quarterly dividend on Wednesday, December 3rd. Stockholders of record on Tuesday, December 16th will be given a dividend of 1.01 per share by the real estate investment trust on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, December 16th.

Prologis has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 12 years. Prologis has a dividend 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 research 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 Trading Up 0.1%

PLD opened at $129.07 on Thursday. The company has a market cap of $119.89 billion, a P/E ratio of 37.63, a PEG ratio of 3.96 and a beta of 1.40. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.62. The company’s 50 day moving average is $122.46 and its 200-day moving average is $113.59. Prologis has a 1-year low of $85.35 and a 1-year high of $129.87.

Prologis (NYSE:PLD) last issued its earnings results on Wednesday, October 15th. The real estate investment trust reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.05. The firm had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.03 billion. Prologis had a net margin of 36.71% and a return on equity of 5.55%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business posted $1.43 earnings per share. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. Equities research analysts predict that Prologis will post 5.73 earnings per share for the current fiscal year.

Insider Activity at Prologis

In related news, Director Cristina Gabriela Bita sold 621 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $127.60, for a total transaction of $79,239.60. Following the transaction, the director owned 8,208 shares in the company, valued at $1,047,340.80. The trade was a 7.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have sold 1,621 shares of company stock worth $198,655. Company insiders own 0.57% of the company’s stock.

Hedge Funds Weigh In On Prologis

Institutional investors have recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. grew its position in Prologis by 0.5% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 16,583 shares of the real estate investment trust’s stock valued at $1,941,000 after purchasing an additional 82 shares during the period. Foster Dykema Cabot & Partners LLC boosted its stake in Prologis by 1.0% during the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 8,232 shares of the real estate investment trust’s stock valued at $943,000 after purchasing an additional 83 shares during the last quarter. Cornerstone Advisory LLC increased its holdings in Prologis by 2.4% during the 3rd quarter. Cornerstone Advisory LLC now owns 3,535 shares of the real estate investment trust’s stock worth $405,000 after purchasing an additional 84 shares in the last quarter. Cadence Bank raised its stake in shares of Prologis by 2.1% in the third quarter. Cadence Bank now owns 4,209 shares of the real estate investment trust’s stock worth $482,000 after purchasing an additional 87 shares during the last quarter. Finally, Clear Investment Research LLC lifted its holdings in shares of Prologis by 34.5% in the third quarter. Clear Investment Research LLC now owns 343 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 88 shares in the last quarter. Institutional investors and hedge funds own 93.50% 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. 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.