Prologis downgraded by RBC Capital Mkts with a new price target
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RBC Capital Mkts downgraded Prologis from Outperform to Sector Perform and set a new price target of $127.00 from $124.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/21/2024 | $142.00 → $132.00 | Buy → Neutral | Goldman |
| 8/12/2024 | $128.00 | Buy → Neutral | BofA Securities |
| 8/5/2024 | $124.00 → $127.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 4/22/2024 | $145.00 → $112.00 | Outperform → Market Perform | BMO Capital Markets |
| 3/18/2024 | $136.00 | Outperform → In-line | Evercore ISI |
| 12/18/2023 | $123.00 → $148.00 | Neutral → Overweight | JP Morgan |
| 12/5/2023 | $140.00 → $125.00 | Buy → Neutral | Mizuho |
| 7/20/2023 | $141.00 | Neutral → Outperform | Exane BNP Paribas |
Prologis (NYSE:PLD) has outperformed the market over the past 15 years by 1.31% on an annualized basis producing an average annual return of 13.58%. Currently, Prologis has a market capitalization of $118.05 billion. Buying $100 In PLD: If an investor had bought $100 of PLD stock 15 years ago, it would be worth $664.26 today based on a price of $127.50 for PLD at the time of writing. Prologis's Performance Over Last 15 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed
Argus Research analyst Marie Ferguson maintains Prologis (NYSE:PLD) with a Buy and raises the price target from $120 to $135.
Evercore ISI Group analyst Steve Sakwa maintains Prologis (NYSE:PLD) with a In-Line and raises the price target from $119 to $123.
Goldman downgraded Prologis from Buy to Neutral and set a new price target of $132.00 from $142.00 previously
BofA Securities downgraded Prologis from Buy to Neutral and set a new price target of $128.00
RBC Capital Mkts downgraded Prologis from Outperform to Sector Perform and set a new price target of $127.00 from $124.00 previously
Ongoing flight to quality within the industry SAN FRANCISCO, Oct. 16, 2024 /PRNewswire/ -- Prologis, Inc. (NYSE:PLD), the global leader in logistics real estate, today announced the following results for the quarter ended September 30, 2024, as compared to the corresponding period in 2023: Net earnings per diluted share was $1.08 and increased 35.0%, primarily due to higher disposition gains.Core funds from operations (Core FFO)* per diluted share was $1.43 and increased 10.0%.Core FFO, excluding Net Promote Income (Expense)* per diluted share was $1.45 and increased 9.0%. "The bottoming process is underway as our customers navigate an uncertain environment," said Hamid R. Moghadam, co-found
SAN FRANCISCO, Sept. 26, 2024 /PRNewswire/ -- Prologis, Inc. (NYSE:PLD), the global leader in logistics real estate, will host a webcast and conference call with senior management to discuss third quarter results, current market conditions and future outlook on Wednesday, October 16, 2024, at 9:00 a.m. PT/12:00 p.m. ET. To access a live broadcast of the call, please dial +1 (877) 897-2615 (toll-free from the United States and Canada) or +1 (201) 689-8514 (from all other countries). A live webcast can be accessed from the Investor Relations section of www.prologis.com. A telephonic replay will be available October 16 – October 30 at +1 (877) 660-6853 (from the United States and Canada) or +1
SAN FRANCISCO, Sept. 3, 2024 /PRNewswire/ -- The Board of Directors of Prologis, Inc. (NYSE:PLD) declared a regular cash dividend for the quarter ending September 30, 2024, on the following securities: A dividend of $0.96 per share of the company's common stock, payable on September 30, 2024, to common stockholders of record at the close of business on September 16, 2024; andA dividend of $1.0675 per share of the company's 8.54% Series Q Cumulative Redeemable Preferred Stock, payable on September 30, 2024, to Series Q stockholders of record at the close of business on September 16, 2024.ABOUT PROLOGISPrologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, h
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Briones and Carey to join company's executive committee on Jan. 1, 2025 SAN FRANCISCO, May 22, 2024 /PRNewswire/ -- Prologis (NYSE:PLD) today announced Ed Nekritz and Colleen McKeown will retire as chief legal officer and chief human resources officer, effective January 1, 2025. Current Deputy General Counsel Deborah Briones and Senior Vice President of Human Resources Nathaalie Carey will succeed Nekritz and McKeown. Nekritz and McKeown will continue to serve as senior advisors to the company in 2025. These changes are part of the company's long-term and ongoing succession planning.
SAN FRANCISCO, May 4, 2023 /PRNewswire/ -- The Board of Directors of Prologis, Inc. (NYSE:PLD) today declared a regular cash dividend for the quarter ending June 30, 2023 on the following securities: A dividend of $0.87 per share of the company's common stock, payable on June 30, 2023, to common stockholders of record at the close of business on June 16, 2023; andA dividend of $1.0675 per share of the company's 8.54% Series Q Cumulative Redeemable Preferred Stock, payable on June 30, 2023, to Series Q stockholders of record at the close of business on June 16, 2023.Annual Meeting Results The following proposals were approved at the company's 2023 annual stockholder meeting: Our stockholders
SAN FRANCISCO, May 4, 2022 /PRNewswire/ -- The Board of Directors of Prologis, Inc. (NYSE:PLD) declared a regular cash dividend for the quarter ending June 30, 2022, on the following securities: A dividend of $0.79 per share of the company's common stock, payable on June 30, 2022, to common stockholders of record at the close of business on June 16, 2022; andA dividend of $1.0675 per share of the company's 8.54% Series Q Cumulative Redeemable Preferred Stock, payable on June 30, 2022, to Series Q stockholders of record at the close of business on June 17, 2022.ANNUAL MEETING RESULTSThe following proposals were approved at the company's 2022 annual stockholder meeting: Elect 11 directors to o
Ongoing flight to quality within the industry SAN FRANCISCO, Oct. 16, 2024 /PRNewswire/ -- Prologis, Inc. (NYSE:PLD), the global leader in logistics real estate, today announced the following results for the quarter ended September 30, 2024, as compared to the corresponding period in 2023: Net earnings per diluted share was $1.08 and increased 35.0%, primarily due to higher disposition gains.Core funds from operations (Core FFO)* per diluted share was $1.43 and increased 10.0%.Core FFO, excluding Net Promote Income (Expense)* per diluted share was $1.45 and increased 9.0%. "The bottoming process is underway as our customers navigate an uncertain environment," said Hamid R. Moghadam, co-found
Event also featured Former Prime Minister Sir Tony Blair and Survival Expert Bear Grylls LONDON, Oct. 2, 2024 /PRNewswire/ -- Prologis, Inc. (NYSE:PLD), the global leader in logistics real estate, today hosted its fourth annual GROUNDBREAKERS thought leadership forum in London. GROUNDBREAKERS 2024 featured trailblazers including FedEx Chairman Fred Smith, former UK Prime Minister Sir Tony Blair and Survival Expert Bear Grylls. Prologis Co-founder, Chairman and CEO Hamid R. Moghadam was joined by FedEx Founder and Executive Chairman Fred Smith for the event's opening keynote. The two founders discussed technology's influence on geo-economic trends and how their companies are integrating art
New Survey Reveals Growing Executive Focus on Sustainability, Automation, and AI in Supply Chains SAN FRANCISCO, Oct. 1, 2024 /PRNewswire/ -- The 2025 Prologis Global Supply Chain Outlook report reveals that business leaders across multiple sectors are preparing for what experts are now calling a 'polycrisis'—a convergence of economic instability, fluctuating customer demands and pressing climate challenges. Conducted by The Harris Poll, this exclusive annual survey of more than 1,000 business executives in the U.S., U.K. and Germany underscores the critical need for nimbleness and resilience as companies navigate mounting challenges.
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