Prologis (NYSE:PLD) will post its quarterly earnings results on Monday, January 22nd.
Prologis (NYSE:PLD) last issued its quarterly earnings data on Tuesday, October 17th. The real estate investment trust reported $0.67 earnings per share for the quarter, hitting the consensus estimate of $0.67. The business had revenue of $531.18 million during the quarter, compared to analysts’ expectations of $573.68 million. Prologis had a net margin of 68.50% and a return on equity of 9.93%. The business’s revenue was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.14 EPS. On average, analysts expect Prologis to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Prologis (NYSE:PLD) opened at $61.78 on Friday. The company has a market cap of $32,685.79, a P/E ratio of 18.55, a PEG ratio of 3.94 and a beta of 0.92. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.53. Prologis has a 12-month low of $48.33 and a 12-month high of $67.53.
Several equities analysts have recently commented on PLD shares. Evercore ISI upgraded shares of Prologis from an “in-line” rating to an “outperform” rating in a research report on Monday, December 4th. JPMorgan Chase & Co. cut shares of Prologis from an “overweight” rating to a “neutral” rating and set a $66.00 target price for the company. in a research report on Friday, December 15th. Wells Fargo & Co set a $65.00 target price on shares of Prologis and gave the company a “hold” rating in a research report on Thursday, October 26th. BTIG Research restated a “buy” rating and issued a $68.00 target price (up from $62.00) on shares of Prologis in a research report on Wednesday, September 27th. Finally, Zacks Investment Research cut shares of Prologis from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $66.57.
In related news, CEO Eugene F. Reilly sold 15,000 shares of Prologis stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $66.61, for a total transaction of $999,150.00. Following the sale, the chief executive officer now directly owns 63,365 shares of the company’s stock, valued at approximately $4,220,742.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edward S. Nekritz sold 15,752 shares of Prologis stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $64.51, for a total transaction of $1,016,161.52. Following the sale, the insider now directly owns 146,414 shares in the company, valued at $9,445,167.14. The disclosure for this sale can be found here. Insiders have sold a total of 99,852 shares of company stock worth $6,600,519 over the last ninety days. 1.31% of the stock is currently owned by insiders.
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Prologis Company Profile
Prologis, Inc is a real estate investment trust (REIT) company. The Company is engaged in logistics real estate business. The Company’s segments include Real Estate Operations and Strategic Capital. The Real estate operations segment consists of rental operations and development. The Company’s strategic capital segment includes asset management services, as well as services performed for unconsolidated co-investment ventures.
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