In the latest session, Prologis Inc (NYSE: PLD) closed at $120.25 down -0.31% from its previous closing price of $120.62. In other words, the price has decreased by -$0.37 from its previous closing price. On the day, 4055562 shares were traded.
Ratios:
For a deeper understanding of Prologis Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 211.67 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.98. In the meantime, Its Debt-to-Equity ratio is 0.60 whereas as Long-Term Debt/Eq ratio is at 0.59.
On December 18, 2023, JP Morgan Upgraded its rating to Overweight which previously was Neutral and also upped its target price recommendation from $123 to $148.
Mizuho Downgraded its Buy to Neutral on December 05, 2023, whereas the target price for the stock was revised from $140 to $125.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Dec 21 ’23 when Connor James B. sold 21,419 shares for $130.40 per share. The transaction valued at 2,793,038 led to the insider holds 0 shares of the business.
Connor James B. sold 103,331 shares of PLD for $13,763,689 on Dec 20 ’23. The Director now owns 21,419 shares after completing the transaction at $133.20 per share. On Aug 01 ’23, another insider, FOTIADES GEORGE L, who serves as the Director of the company, sold 10,711 shares for $123.98 each. As a result, the insider received 1,327,908 and left with 0 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PLD now has a Market Capitalization of 111.24B and an Enterprise Value of 140.37B. As of this moment, Prologis’s Price-to-Earnings (P/E) ratio for their current fiscal year is 37.86, and their Forward P/E ratio for the next fiscal year is 35.58. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.99 while its Price-to-Book (P/B) ratio in mrq is 2.15. Its current Enterprise Value per Revenue stands at 17.49 whereas that against EBITDA is 21.37.
Stock Price History:
Over the past 52 weeks, PLD has reached a high of $137.52, while it has fallen to a 52-week low of $96.64. The 50-Day Moving Average of the stock is 130.06, while the 200-Day Moving Average is calculated to be 122.19.
Shares Statistics:
For the past three months, PLD has traded an average of 3.21M shares per day and 3.63M over the past ten days. A total of 924.39M shares are outstanding, with a floating share count of 920.41M. Insiders hold about 1.42% of the company’s shares, while institutions hold 95.21% stake in the company. Shares short for PLD as of Mar 28, 2024 were 10.13M with a Short Ratio of 3.16, compared to 9.13M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.10% and a Short% of Float of 1.43%.
Dividends & Splits
According to the company, the forward annual dividend rate for PLD is 3.57, from 3.48 in the trailing year. Against a Trailing Annual Dividend Yield of 2.89%, it implies a Forward Annual Dividend Yield of 3.19%. The stock’s 5-year Average Dividend Yield is 2.35.
Earnings Estimates
There are 4 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.56 for the current quarter, with a high estimate of $0.59 and a low estimate of $0.53, while EPS last year was $0.5. The consensus estimate for the next quarter is $0.64, with high estimates of $0.7 and low estimates of $0.59.
Analysts are recommending an EPS of between $2.76 and $2.15 for the fiscal current year, implying an average EPS of $2.49. EPS for the following year is $3.01, with 5 analysts recommending between $3.42 and $2.67.
Revenue Estimates
A total of 8 analysts believe the company’s revenue will be $1.87B this quarter.It ranges from a high estimate of $1.99B to a low estimate of $1.8B. As of the current estimate, Prologis Inc’s year-ago sales were $1.63B, an estimated increase of 14.20% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $1.9B, an increase of 12.50% less than the figure of $14.20% in the same quarter last year. There is a high estimate of $2.05B for the next quarter, whereas the lowest estimate is $1.84B.
A total of 11 analysts have provided revenue estimates for PLD’s current fiscal year. The highest revenue estimate was $8.3B, while the lowest revenue estimate was $7.34B, resulting in an average revenue estimate of $7.73B. In the same quarter a year ago, actual revenue was $6.82B, up 13.40% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $8.47B in the next fiscal year. The high estimate is $9.24B and the low estimate is $7.85B. The average revenue growth estimate for next year is up 9.60% from the average revenue estimate for this year.
