Prologis, Inc. $PLD Shares Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lifted its holdings in Prologis, Inc. (NYSE:PLD) by 15.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,317 shares of the real estate investment trust’s stock after buying an additional 6,268 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Prologis were worth $5,304,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Brighton Jones LLC lifted its holdings in Prologis by 629.0% in the fourth quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock valued at $1,847,000 after acquiring an additional 15,078 shares during the period. Schnieders Capital Management LLC. grew its stake in shares of Prologis by 45.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock worth $1,128,000 after purchasing an additional 3,350 shares during the period. Atlantic Union Bankshares Corp increased its holdings in shares of Prologis by 1,076.9% in the 2nd quarter. Atlantic Union Bankshares Corp now owns 21,655 shares of the real estate investment trust’s stock valued at $2,276,000 after purchasing an additional 19,815 shares in the last quarter. Raelipskie Partnership increased its holdings in shares of Prologis by 34.1% in the 2nd quarter. Raelipskie Partnership now owns 8,266 shares of the real estate investment trust’s stock valued at $869,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Headland Capital LLC lifted its stake in shares of Prologis by 5.8% in the second quarter. Headland Capital LLC now owns 46,328 shares of the real estate investment trust’s stock valued at $4,870,000 after purchasing an additional 2,537 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Stock Down 2.5%

Shares of NYSE PLD opened at $134.42 on Friday. The firm’s 50-day moving average is $133.95 and its two-hundred day moving average is $125.35. The company has a market capitalization of $124.95 billion, a PE ratio of 37.86, a price-to-earnings-growth ratio of 3.41 and a beta of 1.41. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $143.95. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.58 and a quick ratio of 0.58.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.44. Prologis had a net margin of 37.86% and a return on equity of 5.79%. The business had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same period last year, the company posted $1.42 EPS. The company’s revenue was up 7.8% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Equities analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be given a dividend of $1.07 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This is a positive change from Prologis’s previous quarterly dividend of $1.01. This represents a $4.28 annualized dividend and a yield of 3.2%. Prologis’s dividend payout ratio (DPR) is 113.80%.

Analysts Set New Price Targets

Several brokerages have weighed in on PLD. BNP Paribas Exane upped their target price on shares of Prologis from $129.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Argus lifted their price target on shares of Prologis from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. The Goldman Sachs Group boosted their price target on Prologis from $137.00 to $148.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. BTIG Research raised their price objective on Prologis from $134.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, December 31st. Finally, Scotiabank raised Prologis from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $133.00 to $146.00 in a report on Wednesday, January 14th. Fourteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $137.20.

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.