Fintel reports that on April 22, 2024, BMO Capital downgraded their outlook for Prologis (NYSE:PLD) from Outperform to Market Perform.

Analyst Price Forecast Suggests 41.65% Upside

As of April 17, 2024, the average one-year price target for Prologis is 147.47. The forecasts range from a low of 131.30 to a high of $171.15. The average price target represents an increase of 41.65% from its latest reported closing price of 104.11.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Prologis is 6,522MM, a decrease of 23.41%. The projected annual non-GAAP EPS is 2.85.

• For more in-depth coverage of Prologis, view the free, crowd-sourced company research report on Finpedia.

Prologis Declares $0.96 Dividend

On February 22, 2024 the company declared a regular quarterly dividend of $0.96 per share ($3.84 annualized). Shareholders of record as of March 18, 2024 received the payment on March 29, 2024. Previously, the company paid $0.87 per share.

At the current share price of $104.11 / share, the stock's dividend yield is 3.69%.

Looking back five years and taking a sample every week, the average dividend yield has been 2.48%, the lowest has been 1.52%, and the highest has been 3.69%. The standard deviation of yields is 0.43 (n=235).

The current dividend yield is 2.83 standard deviations above the historical average.

Additionally, the company's dividend payout ratio is 1.12. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company's 3-Year dividend growth rate is 0.52%, demonstrating that it has increased its dividend over time.

What is the Fund Sentiment?

There are 2630 funds or institutions reporting positions in Prologis. This is an increase of 109 owner(s) or 4.32% in the last quarter. Average portfolio weight of all funds dedicated to PLD is 0.99%, a decrease of 0.65%. Total shares owned by institutions increased in the last three months by 6.92% to 1,040,144K shares. The put/call ratio of PLD is 0.63, indicating a bullish outlook.

What are Other Shareholders Doing?

Valeo Financial Advisors holds 48,877K shares representing 5.28% ownership of the company. In it's prior filing, the firm reported owning 27K shares, representing an increase of 99.95%. The firm increased its portfolio allocation in PLD by 1,145.20% over the last quarter.

VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 37,313K shares representing 4.03% ownership of the company. In it's prior filing, the firm reported owning 38,076K shares, representing a decrease of 2.05%. The firm increased its portfolio allocation in PLD by 7.91% over the last quarter.

Jpmorgan Chase holds 36,719K shares representing 3.97% ownership of the company. In it's prior filing, the firm reported owning 32,814K shares, representing an increase of 10.64%. The firm increased its portfolio allocation in PLD by 15.76% over the last quarter.

Cohen & Steers holds 30,598K shares representing 3.31% ownership of the company. In it's prior filing, the firm reported owning 33,372K shares, representing a decrease of 9.07%. The firm decreased its portfolio allocation in PLD by 4.14% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 29,004K shares representing 3.14% ownership of the company. In it's prior filing, the firm reported owning 28,757K shares, representing an increase of 0.85%. The firm increased its portfolio allocation in PLD by 7.07% over the last quarter.

Prologis Background Information
(This description is provided by the company.)

Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2020, 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 984 million square feet (91 million square meters) in 19 countries. Prologis leases modern logistics facilities to a diverse base of approximately 5,500 customers principally across two major categories: business-to-business and retail/online fulfillment.