How to Buy Prologis Stock
Prologis Inc
Prologis is a industrial REIT company located in California, United States, which is part of the Real Estate sector, and is traded under the ticker PLD on the NYSE exchange.
Prologis stock last closed at $129.84, up 1.39% from the previous day, and has decreased 12.63% in one year. It has overperformed other stocks in the REIT - Industrial industry by 0.06 percentage points. Prologis stock is currently +32.45% from its 52-week low of $98.03, and -25.61% from its 52-week high of $174.54.
At the moment, there are 923.08M shares of PLD outstanding. The market cap of PLD is $119.85B. In the past 24 hours, 2.82M PLD shares were traded.
How to Buy Prologis Stock
Not sure how to invest in Prologis stock? Here's how.
- Choose where to buy Prologis stock: You need to pick an online brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you determine where to buy Prologis stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Put funds into your brokerage account: Choose your payment method and add your information.
- Research Prologis stock: The Prologis ticker symbol is PLD. Is Prologis stock a good investment? Should you buy shares of PLD? How do PLD's underlying business fundamentals look? Do top analysts think Prologis is a good buy? Why has PLD's stock price moved recently? (Hint: Our stock market analysis website can help you evaluate if PLD is a good stock to buy).
- Place your PLD purchase: Decide if you will purchase PLD shares at the current market price or use a limit order to buy PLD shares at a particular price.
- Get the latest news on your investment in PLD: Create a watchlist to key updates about your new investment in Prologis shares.
Step 1: Choose where to buy Prologis stock
You will need an online brokerage account in order to access the NYSE market and buy PLD stock.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've selected the best brokerage, you'll need to fill out some personal info so you are able to buy PLD stock today.
How to Create a New Investment Account on eToro
- Click here to get started.
- Enter your personal details to open a new trading account.
- Submit your details by clicking the "Create Account" button.
Step 3: Put funds into your brokerage account
Now that you've filled out your info on the best stock trading app for beginners, your next step is to transfer the money for your investment:
Watch the video below to see the process of depositing money into your investment account.
Step 4: Research Prologis stock
Once you have identified the best place to buy Prologis stock, it's very important to evaluate their stock before you invest, so you can comprehend the risk as well as the upside.
Prologis quick stats
Prologis Due Diligence Checks
WallStreetZen was built to help everyday investors perform better fundamental analysis in less time.
You can see all of the due diligence checks on PLD's stock page.
Is PLD stock overvalued?
Analysts use many financial metrics, analyses, models, and charts to gauge PLD's intrinsic value.
Using relative valuations methods:
- PLD could be overvalued based on its P/E ratio of 23.91x, relative to REIT - Industrial industry P/E ratio of 13.77x
- PLD could be overvalued based on its P/B ratio of 3.4x, relative to REIT - Industrial industry P/B ratio of 3.19x
- PLD could be overvalued based on its PEG ratio of 4.1x
You can do additional valuation analysis on PLD's stock here.
PLD Financial Health Summary
Signs that PLD is financially healthy:
- PLD profit margin has gone up from 42.8% to 73.1% in the past year.
- Total PLD debt is lower than 5 years ago, relative to shareholder equity.
Signs that PLD is not financially healthy:
- PLD has a relatively high debt to equity ratio of 0.61.
Do analysts think it's a good time to buy Prologis stock
Out of 17 Equities analysts who monitor PLD, the consensus analyst rating on Prologis is a Strong Buy
Please note that analyst forecasts are not recommendations, nor are they investment advice.
Latest PLD Analyst Forecasts
Ki Bin Kim, a top 16% analyst from Truist Securities maintains PLD with a strong buy rating and raises their PLD price target from $135.00 to $140.00, on Jan 27, 2023.
Kim raised his price target on Prologis, Inc. by 3.7%.
While he continues to see upside potential for Prologis, the analyst cautioned that the following that may pose risks:
- Higher national new supply.
- A soft economic backdrop.
- A weaker market rent growth.
Kim suggests that investors "focus on AFFO* (adjusted funds from operations) growth compared to FFO (funds from operations) growth on a go-forward basis."
* From here: AFFO is a financial measure used to estimate the value of a REIT (real estate investment trust). It is based on FFO, but is considered preferable because it takes costs into consideration, thus more accurately estimating the REIT's present value and ability to pay dividends.
Ronald Kamdem, a top 21% analyst from Morgan Stanley maintains PLD with a strong buy rating and raises their PLD price target from $121.00 to $128.00, on Jan 23, 2023.
Michael Mueller, a bottom 4% analyst from JP Morgan downgrades PLD to a hold rating and raises their PLD price target from $124.00 to $130.00, on Dec 16, 2022.
Blaine Heck, a bottom 12% analyst from Wells Fargo maintains PLD with a strong buy rating and raises their PLD price target from $127.00 to $135.00, on Nov 22, 2022.
Jeffrey Spector, a top 19% analyst from Bank of America reinstates PLD with a strong buy rating and announces their PLD price target of $140.00, on Oct 24, 2022.
You can dig deeper into what analysts are saying on the Prologis stock forecast page.
Metrics for Advanced PLD Traders
PLD Performance Numbers
Last year, PLD earnings were $4.02B. During the past 5 year, PLD's earnings have grown by 10.01% per year. This was slower than the REIT - Industrial industry average of 16.59%.
Last year, PLD revenue was $5.50B. Over the past 5 year, PLD's revenue has increased by 16% per year. This was faster than the REIT - Industrial industry average of 15.39%.
Find out more about PLD's earnings and revenue performance here.
Are PLD executives and large shareholders buying or selling the stock?
Over the last 12 months, insiders at PLD have sold more shares than they have bought.
David P. 2. Oconnor, Director of PLD, was the latest PLD insider to buy. They bought $1,027,170.00 worth of PLD shares on Nov 28, 2022.
Research more about who owns PLD stock here.
Can I get consistent income from PLD stock?
Prologis pays a dividend of 2.43%, compared to the REIT - Industrial industry's average dividend yield of 4.11%. If you owned $1,000 of PLD stock, you would have received $24.34 in the past 12 months.
Prologis dividend payments have consistently grown over the past decade and have remained stable.
Find more analysis about Prologis dividend yield and history here.
What others are saying about PLD
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
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Step 5: Place your PLD purchase
You have two primary options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally the best for newer investors. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a specific price limit, place a limit order.
Hit the Open button and eToro will place your order.
If you need more assistance buying stocks on eToro, watch the helpful video below:
Step 6: Get the latest news on your investment in PLD
Now that you own some shares in PLD, you'll want to stay up-to-date on your new stock purchase.
Create a watchlist to get notified of the latest news about your PLD stock.
PLD Feed
How to Buy Stock in Prologis
To reiterate, here are the 6 steps for buying Prologis stock:
- Choose where to buy Prologis stock
- Open a brokerage account
- Put funds into your brokerage account
- Research Prologis stock
- Place your PLD purchase
- Get the latest news on your investment in PLD
If you require a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get updates on your new investment in Prologis, click the button below.
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