Prologis (NYSE:PLD) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share guidance of $2.85-2.95 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.88.

Several equities research analysts have recently commented on the stock. Evercore ISI upgraded shares of Prologis from an in-line rating to an outperform rating in a report on Monday, December 4th. JPMorgan Chase & Co. lowered shares of Prologis from an overweight rating to a neutral rating and set a $66.00 price target for the company. in a report on Friday, December 15th. Citigroup boosted their price target on shares of Prologis from $63.00 to $66.00 and gave the company a neutral rating in a report on Thursday, October 19th. KeyCorp lifted their price objective on shares of Prologis from $65.00 to $68.00 and gave the stock a buy rating in a research report on Monday, October 16th. Finally, BMO Capital Markets set a $69.00 price objective on shares of Prologis and gave the stock a buy rating in a research report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $66.57.

Prologis (PLD) opened at $63.11 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.80 and a quick ratio of 0.80. Prologis has a 12-month low of $48.33 and a 12-month high of $67.53. The stock has a market cap of $32,872.02, a P/E ratio of 18.95, a PEG ratio of 3.96 and a beta of 0.92.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Monday, January 22nd. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. Prologis had a net margin of 68.50% and a return on equity of 9.93%. The firm had revenue of $550.65 million for the quarter, compared to the consensus estimate of $533.54 million. During the same quarter in the previous year, the firm earned $0.63 EPS. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. research analysts forecast that Prologis will post 2.8 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Monday, December 18th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend was Friday, December 15th. Prologis’s dividend payout ratio is presently 52.85%.

In other Prologis news, CEO Eugene F. Reilly sold 15,000 shares of the business’s 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 owns 63,365 shares of the company’s stock, valued at approximately $4,220,742.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Edward S. Nekritz sold 15,752 shares of the business’s stock in a transaction that occurred on Thursday, December 28th. The stock was 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 approximately $9,445,167.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 99,852 shares of company stock worth $6,600,519. 1.31% of the stock is 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.

Earnings History and Estimates for Prologis (NYSE:PLD)

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