Prologis, Inc. (PLD) to Issue Quarterly Dividend of $1.07 on March 31st

Prologis, Inc. (NYSE:PLD) declared a quarterly dividend on Thursday, February 12th. Investors of record on Tuesday, March 17th will be paid a dividend of 1.07 per share by the real estate investment trust on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, March 17th. This is a 5.9% increase from Prologis’s previous quarterly dividend of $1.01.

Prologis has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 12 years. Prologis has a dividend payout ratio of 132.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Prologis to earn $6.20 per share next year, which means the company should continue to be able to cover its $4.28 annual dividend with an expected future payout ratio of 69.0%.

Prologis Stock Down 0.1%

Shares of NYSE:PLD opened at $131.73 on Friday. The company has a 50 day moving average price of $134.50 and a two-hundred day moving average price of $126.26. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market capitalization of $122.45 billion, a PE ratio of 37.11, a PEG ratio of 3.12 and a beta of 1.41. Prologis has a 52 week low of $85.35 and a 52 week high of $143.95.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.44. Prologis had a net margin of 37.86% and a return on equity of 5.79%. The company had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same period last year, the firm posted $1.42 earnings per share. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Analysts forecast that Prologis will post 5.73 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Prologis by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock valued at $15,743,451,000 after acquiring an additional 1,258,407 shares during the period. State Street Corp boosted its position in Prologis by 1.9% during the second quarter. State Street Corp now owns 58,640,842 shares of the real estate investment trust’s stock worth $6,164,325,000 after purchasing an additional 1,088,544 shares during the period. Geode Capital Management LLC boosted its position in Prologis by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 23,012,940 shares of the real estate investment trust’s stock worth $2,925,791,000 after purchasing an additional 339,906 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Prologis by 1.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,506,899 shares of the real estate investment trust’s stock valued at $1,735,205,000 after purchasing an additional 253,338 shares during the last quarter. Finally, Capital Research Global Investors increased its holdings in shares of Prologis by 4.4% in the fourth quarter. Capital Research Global Investors now owns 16,061,390 shares of the real estate investment trust’s stock valued at $2,050,397,000 after purchasing an additional 678,363 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors.

About Prologis

Prologis, Inc is a real estate investment trust (REIT) specializing in logistics and distribution facilities. The company focuses on acquiring, developing, and managing high-quality industrial real estate assets that support supply chain infrastructure for third-party logistics providers, e-commerce businesses, retailers and manufacturers. Its portfolio primarily consists of warehouse and distribution centers designed to optimize goods movement and storage near key transportation hubs.

With a global presence, Prologis serves customers across the Americas, Europe and Asia Pacific.