Prologis, Inc. $PLD Stock Holdings Lessened by Fifth Third Bancorp

Fifth Third Bancorp reduced its stake in shares of Prologis, Inc. (NYSE:PLD) by 3.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 117,754 shares of the real estate investment trust’s stock after selling 3,932 shares during the quarter. Fifth Third Bancorp’s holdings in Prologis were worth $13,485,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the stock. Phillips Wealth Planners LLC acquired a new position in shares of Prologis in the third quarter worth $255,000. Pallas Capital Advisors LLC grew its stake in Prologis by 0.6% in the third quarter. Pallas Capital Advisors LLC now owns 26,265 shares of the real estate investment trust’s stock valued at $3,008,000 after purchasing an additional 155 shares in the last quarter. State of New Jersey Common Pension Fund D increased its position in Prologis by 1.9% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 754,060 shares of the real estate investment trust’s stock worth $86,355,000 after purchasing an additional 14,318 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Prologis by 38.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 734,842 shares of the real estate investment trust’s stock worth $84,154,000 after purchasing an additional 204,039 shares in the last quarter. Finally, Aberdeen Group plc lifted its holdings in shares of Prologis by 5.3% during the 3rd quarter. Aberdeen Group plc now owns 1,856,123 shares of the real estate investment trust’s stock valued at $210,651,000 after buying an additional 93,035 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Up 1.9%

Shares of PLD stock opened at $138.93 on Tuesday. Prologis, Inc. has a one year low of $85.35 and a one year high of $141.95. 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 stock has a fifty day moving average price of $130.72 and a 200 day moving average price of $122.22. The stock has a market cap of $129.05 billion, a P/E ratio of 39.13, a price-to-earnings-growth ratio of 3.44 and a beta of 1.42.

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

Prologis Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be paid a $1.07 dividend. This is a boost from Prologis’s previous quarterly dividend of $1.01. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, March 17th. Prologis’s payout ratio is presently 113.80%.

Insider Buying and Selling

In other news, Director Cristina Gabriela Bita sold 621 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $127.60, for a total transaction of $79,239.60. Following the completion of the sale, the director owned 8,208 shares in the company, valued at $1,047,340.80. The trade was a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on PLD shares. Royal Bank Of Canada lifted their price objective on shares of Prologis from $132.00 to $135.00 and gave the company a “sector perform” rating in a research note on Monday, February 2nd. iA Financial set a $119.00 price target on Prologis in a research note on Monday, October 20th. Citigroup reissued a “buy” rating on shares of Prologis in a report on Monday, January 26th. Wells Fargo & Company boosted their target price on Prologis from $120.00 to $139.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. Finally, Freedom Capital cut Prologis from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. Thirteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $135.89.

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.