Equities analysts expect Prologis, Inc. (NYSE:PLD) to post sales of $1.03 billion for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Prologis’ earnings, with the lowest sales estimate coming in at $1.02 billion and the highest estimate coming in at $1.05 billion. Prologis reported sales of $980.15 million during the same quarter last year, which would suggest a positive year over year growth rate of 5.1%. The firm is scheduled to report its next earnings report on Tuesday, October 19th.
On average, analysts expect that Prologis will report full year sales of $4.13 billion for the current year, with estimates ranging from $4.10 billion to $4.18 billion. For the next year, analysts expect that the company will post sales of $4.46 billion, with estimates ranging from $4.29 billion to $4.59 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Prologis.
Prologis (NYSE:PLD) last issued its quarterly earnings data on Sunday, July 18th. The real estate investment trust reported $0.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.37. Prologis had a return on equity of 4.27% and a net margin of 34.54%. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the firm posted $1.11 earnings per share. The company’s revenue was up 21.8% on a year-over-year basis.
Shares of Prologis stock traded down $1.05 on Wednesday, hitting $129.06. The stock had a trading volume of 2,159,538 shares, compared to its average volume of 2,578,101. Prologis has a 52-week low of $93.08 and a 52-week high of $139.60. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.47. The stock has a market cap of $95.41 billion, a price-to-earnings ratio of 61.63, a P/E/G ratio of 4.47 and a beta of 0.72. The company’s 50 day moving average price is $131.22 and its 200 day moving average price is $120.06.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 30th. Investors of record on Friday, September 17th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Thursday, September 16th. This represents a $2.52 dividend on an annualized basis and a yield of 1.95%. Prologis’s dividend payout ratio (DPR) is 66.32%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Eagle Bay Advisors LLC bought a new stake in Prologis during the second quarter worth about $26,000. Logan Capital Management Inc. acquired a new stake in shares of Prologis during the 1st quarter worth about $29,000. Strategic Blueprint LLC acquired a new stake in Prologis in the 2nd quarter worth about $30,000. Meridian Wealth Partners LLC increased its holdings in Prologis by 70.3% in the 1st quarter. Meridian Wealth Partners LLC now owns 441 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 182 shares during the period. Finally, Albion Financial Group UT bought a new position in Prologis in the 2nd quarter valued at about $48,000. Hedge funds and other institutional investors own 93.04% of the company’s stock.
Prologis, Inc engages in the provision of real estate investment trust services. It operates through Real Estate Operations and Strategic Capital segments. The Real Estate Operations segment represents the ownership and development of logistics properties and also includes rental revenues, recoveries and expenses recognized from its consolidated properties.
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