Prologis (NYSE:PLD) Updates FY 2020 Pre-Market Earnings Guidance

Prologis (NYSE:PLD) issued an update on its FY 2020
Pre-Market earnings guidance on Wednesday morning. The company provided earnings per share guidance of 3.67-3.75 for the period.

Shares of NYSE PLD opened at $95.57 on Wednesday. The firm’s 50-day moving average price is $89.90 and its 200-day moving average price is $86.33. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $59.55 billion, a price-to-earnings ratio of 34.13, a P/E/G ratio of 4.20 and a beta of 0.98. Prologis has a 12-month low of $63.28 and a 12-month high of $95.61.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, December 19th were given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 2.22%. The ex-dividend date was Wednesday, December 18th. Prologis’s dividend payout ratio is 69.97%.

PLD has been the topic of several recent research reports. Wells Fargo & Co upgraded shares of Prologis from a market perform rating to an outperform rating and set a $100.00 target price on the stock in a research report on Tuesday, December 10th. Stifel Nicolaus set a $95.00 price target on shares of Prologis and gave the company a buy rating in a report on Tuesday, October 15th. Royal Bank of Canada set a $96.00 price target on shares of Prologis and gave the company a buy rating in a report on Friday, October 18th. Deutsche Bank upped their price target on shares of Prologis from $82.00 to $87.00 and gave the company a buy rating in a report on Thursday, October 17th. Finally, Evercore ISI upgraded shares of Prologis from an in-line rating to an outperform rating in a report on Wednesday, November 6th. Three investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $91.18.

About Prologis

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 and Estimates for Prologis (NYSE:PLD)

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