Argent Trust Co Sells 17,773 Shares of Prologis, Inc. $PLD

Argent Trust Co lessened its holdings in shares of Prologis, Inc. (NYSE:PLD) by 58.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,853 shares of the real estate investment trust’s stock after selling 17,773 shares during the quarter. Argent Trust Co’s holdings in Prologis were worth $1,472,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Creative Financial Designs Inc. ADV raised its stake in Prologis by 51.3% in the third quarter. Creative Financial Designs Inc. ADV now owns 11,597 shares of the real estate investment trust’s stock valued at $1,328,000 after purchasing an additional 3,930 shares in the last quarter. TIAA Trust National Association grew its stake in Prologis by 1,606.2% in the 3rd quarter. TIAA Trust National Association now owns 136,515 shares of the real estate investment trust’s stock worth $15,634,000 after buying an additional 128,514 shares in the last quarter. 360 Financial Inc. bought a new position in shares of Prologis in the 3rd quarter worth $201,000. Integrated Advisors Network LLC raised its position in shares of Prologis by 11.9% during the 3rd quarter. Integrated Advisors Network LLC now owns 4,575 shares of the real estate investment trust’s stock valued at $524,000 after buying an additional 487 shares in the last quarter. Finally, DNB Asset Management AS raised its position in shares of Prologis by 3.0% during the 3rd quarter. DNB Asset Management AS now owns 261,542 shares of the real estate investment trust’s stock valued at $29,952,000 after buying an additional 7,665 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on PLD. Citigroup reiterated a “buy” rating on shares of Prologis in a research report on Monday, January 26th. Robert W. Baird reaffirmed a “neutral” rating and set a $130.00 price target (up from $128.00) on shares of Prologis in a research note on Thursday, January 8th. Argus upped their price objective on Prologis from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. BNP Paribas Exane increased their price objective on Prologis from $129.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Finally, The Goldman Sachs Group boosted their target price on Prologis from $137.00 to $148.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Fourteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.95.

Prologis Stock Down 0.2%

PLD opened at $142.44 on Monday. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $143.95. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.61. The business’s 50-day moving average price is $132.89 and its 200-day moving average price is $124.46. The company has a market cap of $132.41 billion, a P/E ratio of 40.12, a P/E/G ratio of 3.52 and a beta of 1.41.

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

Prologis Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be issued a $1.07 dividend. This is a positive change from Prologis’s previous quarterly dividend of $1.01. This represents a $4.28 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Tuesday, March 17th. Prologis’s dividend payout ratio (DPR) is 113.80%.

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.