Prologis, Inc. PLD develops, acquires and operates around 1.2 billion square feet of high-quality industrial and logistics facilities worldwide.
It will report its Q3 2024 earnings on October 15. Wall Street analysts expect the company to post an EPS of $1.38, up from $1.30 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $1.90 billion, up from $1.78 billion in the year-ago period.
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The 52-week range of Prologis stock price was $96.64 to $137.52.
Prologis stock dividend yield is 2.97% and it paid $3.84 per share in dividends during the last 12 months.
The Latest On Prologis
On July 17, Prologis reported its Q2 2024 earnings, posting rental revenue of $1.85 billion, missing the consensus estimates of $1.875 billion, as reported by Benzinga.
Core funds from operations per diluted share were $1.34, lower than $1.83 a year ago but slightly above the consensus of $1.33.
The company raised its full-year outlook for net earnings per share to $3.25 to $3.45 (from $3.15-$3.35) and revised guidance for core FFO attributable to common stockholders to $5.39 to $5.47 (from $5.37-$5.47), compared to the consensus of $5.41. The company reiterated an average occupancy guidance of 95.75% to 96.75% for fiscal 2024.
Check out this article by Benzinga for 15 financial analysts' insights on Prologis stock.
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How Can You Earn $100 Per Month As A Prologis Investor?
If you want to make $100 per month –$1,200 annually – from Prologis dividends, your investment value needs to be approximately $40,404, which is around 313 shares at $129.28 each.
Understanding the dividend yield calculations: When estimating, you need two key variables – the desired annual income ($1,200) and the dividend yield (2.97% in this case). So, $1,200 / 0.0297 = $40,404 to generate an income of $100 per month.
You can calculate the dividend yield by dividing the annual dividend payments by the stock’s current price.
The dividend yield can change over time as a result of fluctuating stock prices and dividend payments on a rolling basis.
For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40).
In summary, income-focused investors may find Prologis stock an attractive option for making a steady income of $100 per month by owning 313 shares of stock. There may be more upside as investors benefit from the company's consistent dividend hikes. Prologis has raised its dividend consecutively for the last 11 years.
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