|Bid||95.75 x 800|
|Ask||97.36 x 1200|
|Day's Range||95.38 - 97.42|
|52 Week Range||59.82 - 99.79|
|Beta (5Y Monthly)||0.96|
|PE Ratio (TTM)||36.57|
|Earnings Date||Jul 13, 2020 - Jul 17, 2020|
|Forward Dividend & Yield||2.32 (2.49%)|
|Ex-Dividend Date||Jun 15, 2020|
|1y Target Est||95.20|
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing 821 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of March 31st, 2020. […]
Five of these dividend standouts are water utility American Water Works (NYSE: AWK), infrastructure operator Brookfield Infrastructure (NYSE: BIP)(NYSE: BIPC), electric utility NextEra Energy (NYSE: NEE), industrial REIT Prologis (NYSE: PLD), and pipeline giant TC Energy (NYSE: TRP). American Water Works has delivered high-end dividend growth over the last six years, increasing its payout at a 10.4% compound annual rate.
Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today announced that Thomas S. Olinger, chief financial officer, will present at REITWeek 2020: NAREIT's Virtual Investor Conference.
Prologis (PLD) has solid balance-sheet strength and is poised to benefit from its capacity to offer modern facilities in strategic locations, though economic slowdown might hurt near-term demand.
The Board of Directors of Prologis, Inc. (NYSE: PLD), today announced that the following proposals were approved at the company's 2020 annual stockholder meeting:
The Board of Directors of Prologis, Inc. (NYSE: PLD), declared a regular cash dividend for the quarter ending June 30, 2020, on the following securities:
Prologis Inc. (NYSE: PLD), the world's leading logistics real estate investment trust (REIT), sees its business slowing in the near-term, but believes that there will be a strong snapback in demand after a vaccine for COVID-19 is discovered.On its first quarter 2020 earnings conference call, management said that approximately 60% of its customers are growing, while 40% are shrinking. The company is seeing strong demand for logistics real estate, especially anything related to the consumer staples and e-commerce segments while hospitality and brick-and-mortar retail real estate is off. Management believes that the "reduced demand environment" will persist for the remainder of the year, but noted that e-commerce as well as inventory increases in the supply chain will provide tailwinds.In an update call held earlier in the month, management outlined the prospects for supply chains carrying incremental inventory moving forward in efforts to avoid the supply shock they just endured. Management believes that some supply chains could add as much as a 5%-10% to "safety stock" in the future.Prologis reported first quarter 2020 core funds from operations (FFO) of $0.83 per share, a penny ahead of analysts' expectations. Prologis' Key Performance Indicators"Our strong first quarter operating performance is a result of our long-term focus on the world's top consumption markets. While the current environment is challenging, we are well-prepared. We have confidence in our team, our strategy and in the strength of our portfolio," stated Prologis CEO Hamid R. Moghadam.Prologis has seen an uptick in rent release requests, representing 4.3% of gross annual rent to date. Seventy percent of the requests have been denied, 23% are under review and 7% have already been granted. Prologis expects to grant rent deferrals in the form of a repayable loan due by the end of 2020 to clients representing less than 1% of the company's annual gross rent. The company has already collected 85% of rent payments for April, a level that is within 1% of normal payment collection rates.Management said that a high percentage of its customers will likely benefit from some form of government stimulus, but conceded that of its customers that are struggling, some will see longer roads to normalcy and some are likely to fail.Prologis modestly trimmed its outlook. The company now expects to see $3.55 to $3.65 per share in core FFO in 2020 compared to its prior guidance calling for $3.67 to $3.75. Year-end occupancy is expected to be in a range of 94.5% to 96% versus the prior outlook of 96% to 97%. Management expects occupancy to spike higher around the time a COVID-19 vaccine is announced, noting that some experts are calling for this to occur next summer.Prologis has roughly 8% of its leased properties up for renewal in 2020.Management expects market rent growth to be flat in 2020 given the demand headwinds from the outbreak that have resulted in shutdowns and shelter-in-place mandates globally. They said that rent growth was 200 basis points better than expected in March and 400 to 500 basis points better that expected for its recently acquired portfolio. Prologis closed on the acquisitions of Liberty Property Trust and Industrial Property Trust, Inc. (IPT) earlier this year.The company's guidance assumes no new capital deployment other than the projects already under contract. Prologis is moving forward with speculative development that is fully committed and 30 previously negotiated build-to-suit agreements. The clients represented in all 30 of the build-to-suit agreements have "indicated their intention to move forward as planned."Management said that the cost to complete current projects stands at $1.6 billion.Prologis ended the first quarter with $3.8 billion in credit line availability and $800 million in cash. The company's debt-to-market capitalization ratio was 22%. Including the company's co-investment ventures of $3.1 billion and open-ended funds, it has "well over" $10 billion in investment capacity."We entered the COVID-19 crisis in a position of financial strength. We have significant liquidity as well as investment capacity and our dividend is well-covered," said chief financial officer Thomas S. Olinger.San Francisco-based Prologis owns nearly one billion square feet in industrial real estate across 19 countries. Many of its warehouses in the U.S. service ports on both coasts, regional distribution hubs and rail and intermodal facilities.Image: PrologisSee more from Benzinga * Freight Futures Daily Curve: 4/21 * Today's Pickup: Trucker Helps Drivers Get Masks As She Recovers From Suspected COVID-19 * Lower Gains On Sale Weigh On Results At Heartland Express(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
When you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose...
Shares of the warehouse REIT are pulling back after a strong rebound from March lows; wait for them to stabilize to buy the stock.
Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, will host its annual stockholders meeting on Wednesday, April 29, 2020, at 1:30 p.m. PT/4:30 p.m. ET in virtual meeting format only.
Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today announced it will host a business update webcast and conference call during which senior management will discuss Prologis' current view of the logistics market and share company-wide efforts to help communities and customers affected by the COVID-19 pandemic.
Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, will host a business update webcast and conference call on Monday, April 6, 2020.
Prologis, Inc. , a well-known REIT, is down sharply Tuesday. In the daily candlestick chart of PLD, below, we can see a mixed picture. The slopes of the 50-day moving average line and the 200-day moving average line are negative and we are close to a bearish death cross.
Long-term patterns suggest that the primary trend is intact and the real estate sector could be poised to move higher over the months ahead.
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
A few of corporate America's top cash generators are ramping up share buy-backs, even as most companies have suspended them or are winding them down as they brace for an economic downturn driven by the global coronavirus outbreak. Business software giant Oracle Corp, energy drinks maker Monster Beverage Corp, private equity firm Apollo Global Management Inc, frozen foods company Nomad Foods Ltd and real estate investment trust Prologis Inc are among the companies that said in recent days they were initiating or boosting share repurchase programs.
Prologis, an international logistics real estate firm known to work with Amazon and other big companies, says it has created a task force that is regularly meeting to assess COVID-19 risks. San Francisco-based Prologis (NYSE: PLD) has several million square feet of property in the Portland area. “Once we learn of a COVID-19 infection in one of our properties, Prologis’ customer service teams will inform neighboring tenants, as well as any contractors scheduled to be on site,” said Prologis spokeswoman Lydia Chan in an email.
Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today announced that Thomas S. Olinger, chief financial officer, is scheduled to participate in the Citi 2020 Global Property CEO Conference at The Diplomat Beach Resort in Hollywood, Florida.
The Board of Directors of Prologis, Inc. (NYSE: PLD) today approved a plan to raise the company's annualized dividend level by 9.4 percent to $2.32 per share of common stock. The board declared a regular cash dividend for the quarter ending March 31, 2020, on the following securities: