First Citizens Bank & Trust Co. Increases Stake in Prologis, Inc. $PLD

First Citizens Bank & Trust Co. increased its position in shares of Prologis, Inc. (NYSE:PLD) by 313.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 97,896 shares of the real estate investment trust’s stock after buying an additional 74,190 shares during the period. First Citizens Bank & Trust Co.’s holdings in Prologis were worth $11,211,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PLD. Norges Bank purchased a new stake in shares of Prologis in the 2nd quarter valued at approximately $1,288,936,000. Franklin Resources Inc. grew its stake in shares of Prologis by 216.0% during the second quarter. Franklin Resources Inc. now owns 10,050,843 shares of the real estate investment trust’s stock worth $1,056,545,000 after purchasing an additional 6,870,479 shares in the last quarter. State Street Corp increased its holdings in Prologis by 1.9% in the second quarter. State Street Corp now owns 58,640,842 shares of the real estate investment trust’s stock valued at $6,164,325,000 after buying an additional 1,088,544 shares during the last quarter. Balyasny Asset Management L.P. increased its holdings in Prologis by 11,585.8% in the second quarter. Balyasny Asset Management L.P. now owns 882,398 shares of the real estate investment trust’s stock valued at $92,758,000 after buying an additional 874,847 shares during the last quarter. Finally, Amundi lifted its holdings in Prologis by 17.0% during the 2nd quarter. Amundi now owns 4,630,744 shares of the real estate investment trust’s stock worth $501,556,000 after buying an additional 673,861 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Mizuho raised their target price on Prologis from $118.00 to $138.00 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. UBS Group increased their price target on shares of Prologis from $144.00 to $148.00 and gave the company a “buy” rating in a research note on Thursday. Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a research report on Friday. BNP Paribas Exane increased their target price on shares of Prologis from $129.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Freedom Capital lowered shares of Prologis from a “strong-buy” rating to a “hold” rating in a research note on Friday. Thirteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $134.11.

Prologis Stock Up 0.3%

PLD stock opened at $127.03 on Friday. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $134.94. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.19 and a quick ratio of 0.64. The company has a market cap of $118.00 billion, a price-to-earnings ratio of 35.78, a price-to-earnings-growth ratio of 3.71 and a beta of 1.40. The company has a fifty day moving average price of $128.38 and a 200 day moving average price of $119.26.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, meeting analysts’ consensus estimates of $1.44. Prologis had a net margin of 37.86% and a return on equity of 6.64%. The company had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period in the previous year, the business posted $1.42 earnings per share. Prologis’s quarterly revenue was up 7.8% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Sell-side analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Tuesday, December 16th. Prologis’s dividend payout ratio (DPR) is presently 113.80%.

Insider Buying and Selling at Prologis

In other news, Director Cristina Gabriela Bita sold 621 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $127.60, for a total value of $79,239.60. Following the transaction, the director owned 8,208 shares of the company’s stock, valued at approximately $1,047,340.80. The trade was a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.57% of the company’s stock.

Prologis News Roundup

Here are the key news stories impacting Prologis this week:

• Positive Sentiment: Q4 revenue beat and strong leasing — Prologis reported Q4 results with revenue above expectations and management highlighted robust warehouse leasing, supporting near-term cash flow and rent-roll momentum. Article Title
• Positive Sentiment: Record lease signings in 2025 — Management said lease activity hit record levels last year, which underpins rent growth prospects and occupancy stability going into 2026. Article Title
• Positive Sentiment: U.S. warehouse market expected to tighten through 2026 — Prologis forecasts tighter fundamentals, a tailwind for future rent growth and valuations of logistics assets. Article Title
• Positive Sentiment: Analysts raising forecasts and price targets — Multiple firms (Argus, Truist, Wells Fargo and others) increased price targets or ratings after results, reflecting improved outlook for leasing and earnings. These upgrades help support investor sentiment. Article Title
• Neutral Sentiment: Q4 EPS roughly in line with estimates — EPS met consensus while revenue beat; that combination leaves valuation moves tied to forward guidance and leasing trends rather than an EPS surprise. Article Title
• Neutral Sentiment: Earnings call highlighted a durable growth pipeline — Management emphasized development and power/data center pipeline, important for long-term growth but subject to execution and capex cycles. Article Title
• Negative Sentiment: Mixed analyst signals — Evercore ISI raised its target modestly but kept an “in-line” rating (target below some newer marks), which implies limited upside from current levels and introduces some analyst divergence. Article Title

Prologis Company Profile

Prologis, Inc is a real estate investment trust (REIT) specializing in logistics and distribution facilities. The company focuses on acquiring, developing, and managing high-quality industrial real estate assets that support supply chain infrastructure for third-party logistics providers, e-commerce businesses, retailers and manufacturers. Its portfolio primarily consists of warehouse and distribution centers designed to optimize goods movement and storage near key transportation hubs.

With a global presence, Prologis serves customers across the Americas, Europe and Asia Pacific.