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

First Bank & Trust raised its holdings in shares of Prologis, Inc. (NYSE:PLD) by 19.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,324 shares of the real estate investment trust’s stock after buying an additional 4,341 shares during the quarter. First Bank & Trust’s holdings in Prologis were worth $3,361,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of PLD. Vanguard Group Inc. boosted its position in Prologis by 0.3% during the third quarter. Vanguard Group Inc. now owns 122,064,883 shares of the real estate investment trust’s stock worth $13,978,870,000 after acquiring an additional 323,551 shares during the last quarter. State Street Corp raised its holdings in Prologis by 1.9% in the 2nd 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 acquiring an additional 1,088,544 shares during the last quarter. Norges Bank acquired a new stake in Prologis in the 2nd quarter valued at about $1,288,936,000. Capital International Investors lifted its stake in Prologis by 15.0% in the 3rd quarter. Capital International Investors now owns 7,247,383 shares of the real estate investment trust’s stock worth $829,970,000 after purchasing an additional 946,847 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in Prologis by 1.2% in the 3rd quarter. Wellington Management Group LLP now owns 6,995,375 shares of the real estate investment trust’s stock worth $801,110,000 after purchasing an additional 85,012 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on PLD shares. BTIG Research increased their price target on Prologis from $134.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, December 31st. Truist Financial lowered their price objective on Prologis from $142.00 to $139.00 and set a “buy” rating on the stock in a research note on Monday, January 26th. Morgan Stanley set a $135.00 target price on Prologis in a research note on Friday, January 16th. Jefferies Financial Group lifted their price target on Prologis from $146.00 to $157.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Finally, Freedom Capital lowered Prologis from a “strong-buy” rating to a “hold” rating in a report on Friday, January 23rd. Fourteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $137.20.

Prologis Stock Up 0.0%

PLD stock opened at $130.35 on Thursday. The firm has a market cap of $121.52 billion, a PE ratio of 36.72, a PEG ratio of 3.07 and a beta of 1.41. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.58 and a current ratio of 0.58. The firm’s 50 day moving average price is $134.81 and its 200-day moving average price is $127.29. Prologis, Inc. has a one year low of $85.35 and a one year high of $143.95.

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 the consensus estimate of $1.44. The company had revenue of $2.25 billion during 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%.The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.42 earnings per share. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. On average, equities research analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be issued a dividend of $1.07 per share. The ex-dividend date is Tuesday, March 17th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.3%. This is a boost from Prologis’s previous quarterly dividend of $1.01. Prologis’s dividend payout ratio (DPR) is currently 120.56%.

Prologis 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.