Zacks Research Research Analysts Lower Earnings Estimates for Prologis, Inc. (NYSE:PLD) (2025)

Prologis, Inc. (NYSE:PLD - Free Report) - Investment analysts at Zacks Research lowered their FY2024 earnings per share estimates for shares of Prologis in a note issued to investors on Wednesday, August 7th. Zacks Research analyst R. Department now forecasts that the real estate investment trust will earn $5.39 per share for the year, down from their previous forecast of $5.40. The consensus estimate for Prologis' current full-year earnings is $5.43 per share. Zacks Research also issued estimates for Prologis' Q4 2024 earnings at $1.40 EPS, Q1 2025 earnings at $1.41 EPS, Q3 2025 earnings at $1.54 EPS, Q4 2025 earnings at $1.57 EPS, FY2025 earnings at $5.98 EPS, Q1 2026 earnings at $1.57 EPS and FY2026 earnings at $6.57 EPS.

Prologis (NYSE:PLD - Get Free Report) last announced its quarterly earnings data on Wednesday, July 17th. The real estate investment trust reported $0.92 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.41). The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.86 billion. Prologis had a net margin of 36.37% and a return on equity of 4.88%. The business's revenue was down 18.1% compared to the same quarter last year. During the same period last year, the company earned $1.83 EPS.

A number of other research firms also recently issued reports on PLD. Evercore ISI increased their price target on Prologis from $119.00 to $123.00 and gave the stock an "in-line" rating in a research report on Thursday, July 18th. Barclays raised their price objective on Prologis from $123.00 to $142.00 and gave the company an "overweight" rating in a research report on Tuesday, July 30th. Robert W. Baird dropped their price objective on Prologis from $137.00 to $117.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 1st. Scotiabank raised their price objective on Prologis from $130.00 to $135.00 and gave the company a "sector outperform" rating in a research report on Wednesday. Finally, UBS Group dropped their price objective on Prologis from $151.00 to $138.00 and set a "buy" rating on the stock in a research report on Thursday, April 18th. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $132.60.

View Our Latest Research Report on Prologis

Prologis Stock Up 1.5 %

Shares of PLD traded up $1.86 during midday trading on Thursday, reaching $122.01. 2,806,502 shares of the stock were exchanged, compared to its average volume of 3,755,227. Prologis has a 52 week low of $96.64 and a 52 week high of $137.52. The company has a current ratio of 0.36, a quick ratio of 0.29 and a debt-to-equity ratio of 0.52. The company's 50 day moving average is $115.99 and its two-hundred day moving average is $119.56. The company has a market capitalization of $112.96 billion, a P/E ratio of 35.53, a PEG ratio of 3.02 and a beta of 1.06.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Nordea Investment Management AB raised its stake in shares of Prologis by 380.0% in the first quarter. Nordea Investment Management AB now owns 333,022 shares of the real estate investment trust's stock worth $43,046,000 after purchasing an additional 263,649 shares during the last quarter. Janney Capital Management LLC raised its position in Prologis by 18.8% during the fourth quarter. Janney Capital Management LLC now owns 23,872 shares of the real estate investment trust's stock valued at $3,182,000 after acquiring an additional 3,773 shares in the last quarter. Atalanta Sosnoff Capital LLC purchased a new position in Prologis during the fourth quarter valued at approximately $18,551,000. US Bancorp DE raised its position in Prologis by 6.5% during the first quarter. US Bancorp DE now owns 676,912 shares of the real estate investment trust's stock valued at $88,148,000 after acquiring an additional 41,469 shares in the last quarter. Finally, Desjardins Global Asset Management Inc. raised its position in Prologis by 255.0% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 16,124 shares of the real estate investment trust's stock valued at $2,149,000 after acquiring an additional 11,582 shares in the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

About Prologis

(Get Free Report)

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At March 31, 2024, 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 1.2 billion square feet (115 million square meters) in 19 countries.

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