ProLogis, Inc. Common Stock (NYSE:PLD):
Prologis Reports Third Quarter 2016 Earnings Results.
The company is trading up from yesterday’s close of $51.
ProLogis, Inc. Common Stock recently declared a dividend for shareholders that was paid on Friday the 30th of September 2016. The dividend was $0.420 per share for the quarter or $1.68 on an annualized basis. This dividend represents a yeild of $3.19 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Thursday the 15th of September 2016.
It is trading at $51.07 just below $52.03, the stock’s 50 day moving average and which is just over the 200 day moving average of $50.37. The 50 day moving average went down by -1.84% whereas the 200 day average was up by +1.38%.
The P/E ratio is currently 30.47 and the market cap is 26.93B. In the last earnings report the EPS was $1.68 and is estimated to be $-0.27 for the current year with 527,288,000 shares outstanding. Next quarter’s EPS is estimated at $0.63 with next year’s EPS projected to be $2.64.
Several investment analysts have issued ratings on ProLogis, Inc. Common Stock of late. On October 18 the company was set at “Equal-Weight” by Evercore ISI Group up from the previous “” rating. On October 17 the stock rating was upgraded from “Equal-weight” to “Buy” and a price target of $60.00 was set in an announcement from Capital One Financial.
Equity analyst BTIG Research began coverage of the stock giving it an initial rating of “Buy” and price target of $60.00. July 19 investment analysts at Barclays made no change to the stock rating of “Overweight” but raised the price expectation to $58.00 from $53.00.
On July 7 Citigroup left the company rating at “Neutral” and moved up the price target from $42.50 to $50.00. On July 1, 2016 the stock rating was changed to a “Neutral” in a report from UBS which is down from the previous “” rating.