Prologis Stock To Go Ex-dividend Tomorrow (PLD)

NEW YORK (TheStreet) -- The ex-dividend date for Prologis (NYSE:PLD) is tomorrow, June 7, 2012. Owners of shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $31.33 as of 9:30 a.m. ET, the dividend yield is 3.6%.

The average volume for Prologis has been three million shares per day over the past 30 days. Prologis has a market cap of $14.01 billion and is part of the financial sector and real estate industry. Shares are up 6.4% year to date as of the close of trading on Tuesday.

Prologis Inc. is an independent equity real estate investment trust. It invests in the real estate markets across the globe. The firm engages in the ownership, development, management, and leasing of industrial distribution and retail properties. The company has a P/E ratio of 253.5, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Prologis as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins. You can view the full Prologis Ratings Report.

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