The closing price of Prologis Inc (NYSE: PLD) was $128.70 for the day, up 0.66% from the previous closing price of $127.85. In other words, the price has increased by $+0.85 from its previous closing price. On the day, 2532408 shares were traded. PLD stock price reached its highest trading level at $129.29 during the session, while it also had its lowest trading level at $126.68.
Ratios:
Our analysis of PLD’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 226.51 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.66. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 119.03B and an Enterprise Value of 148.16B. As of this moment, Prologis’s Price-to-Earnings (P/E) ratio for their current fiscal year is 40.52, and their Forward P/E ratio for the next fiscal year is 38.18. For the stock, the TTM Price-to-Sale (P/S) ratio is 14.97 while its Price-to-Book (P/B) ratio in mrq is 2.30. Its current Enterprise Value per Revenue stands at 18.47 whereas that against EBITDA is 22.56.
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 130.83, while the 200-Day Moving Average is calculated to be 121.87.
Shares Statistics:
PLD traded an average of 3.08M shares per day over the past three months and 2.91M shares per day over the past ten days. A total of 924.39M shares are outstanding, with a floating share count of 920.25M. 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 Feb 29, 2024 were 9.13M with a Short Ratio of 2.96, compared to 9.58M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.99% and a Short% of Float of 1.14%.
Dividends & Splits
With its trailing 12-month dividend rate of 3.48, PLD has a forward annual dividend rate of 3.57. Against a Trailing Annual Dividend Yield of 2.72%, it implies a Forward Annual Dividend Yield of 2.98%. The stock’s 5-year Average Dividend Yield is 2.35.
Earnings Estimates
The firm’s stock currently is rated by 4 analysts. On average, analysts expect EPS of $0.57 for the current quarter, with a high estimate of $0.63 and a low estimate of $0.53, while EPS last year was $0.5. The consensus estimate for the next quarter is $0.63, with high estimates of $0.68 and low estimates of $0.59.
Analysts are recommending an EPS of between $2.73 and $2.15 for the fiscal current year, implying an average EPS of $2.48. EPS for the following year is $2.99, with 5 analysts recommending between $3.32 and $2.67.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 8 analysts. It ranges from a high estimate of $1.99B to a low estimate of $1.78B. As of the current estimate, Prologis Inc’s year-ago sales were $1.63B, an estimated increase of 14.00% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $1.9B, an increase of 12.40% less than the figure of $14.00% in the same quarter last year. There is a high estimate of $2.05B for the next quarter, whereas the lowest estimate is $1.81B.
A total of 10 analysts have provided revenue estimates for PLD’s current fiscal year. The highest revenue estimate was $8.3B, while the lowest revenue estimate was $7.32B, resulting in an average revenue estimate of $7.7B. In the same quarter a year ago, actual revenue was $6.82B, up 13.00% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $8.42B in the next fiscal year. The high estimate is $9.24B and the low estimate is $7.75B. The average revenue growth estimate for next year is up 9.40% from the average revenue estimate for this year.
