Prologis, Inc. $PLD Shares Sold by BTC Capital Management Inc.

BTC Capital Management Inc. trimmed its stake in shares of Prologis, Inc. (NYSE:PLDFree Report) by 5.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,688 shares of the real estate investment trust’s stock after selling 3,921 shares during the quarter. BTC Capital Management Inc.’s holdings in Prologis were worth $8,651,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Fifth Third Wealth Advisors LLC increased its holdings in Prologis by 2.1% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 14,647 shares of the real estate investment trust’s stock valued at $1,870,000 after buying an additional 295 shares during the last quarter. Jamison Private Wealth Management Inc. lifted its holdings in Prologis by 5.5% during the 4th quarter. Jamison Private Wealth Management Inc. now owns 4,837 shares of the real estate investment trust’s stock worth $618,000 after buying an additional 254 shares during the last quarter. Paller Financial Services Inc bought a new position in Prologis during the 4th quarter worth approximately $246,000. Shum Financial Group Inc. grew its position in shares of Prologis by 3.0% in the 4th quarter. Shum Financial Group Inc. now owns 9,480 shares of the real estate investment trust’s stock worth $1,210,000 after acquiring an additional 276 shares in the last quarter. Finally, Spirit of America Management Corp NY grew its position in shares of Prologis by 2.6% in the 4th quarter. Spirit of America Management Corp NY now owns 29,651 shares of the real estate investment trust’s stock worth $3,785,000 after acquiring an additional 750 shares in the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Prologis

Here are the key news stories impacting Prologis this week:

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PLD. Freedom Capital lowered Prologis from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. BMO Capital Markets reaffirmed a “market perform” rating and issued a $123.00 price objective on shares of Prologis in a report on Thursday, January 22nd. Jefferies Financial Group boosted their target price on shares of Prologis from $146.00 to $157.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Wall Street Zen cut shares of Prologis from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Finally, Morgan Stanley set a $135.00 price target on shares of Prologis in a research report on Friday, January 16th. Fourteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $137.20.

Check Out Our Latest Stock Report on PLD

Prologis Stock Up 2.7%

NYSE:PLD opened at $132.21 on Wednesday. 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 stock has a 50 day moving average of $134.60 and a 200-day moving average of $127.85. The firm has a market capitalization of $123.25 billion, a PE ratio of 37.24, a price-to-earnings-growth ratio of 3.04 and a beta of 1.41. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $143.95.

Prologis (NYSE:PLDGet Free Report) 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, hitting the consensus estimate of $1.44. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The business had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter last year, the business posted $1.42 EPS. The business’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. Analysts predict that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were given a $1.07 dividend. This is a boost from Prologis’s previous quarterly dividend of $1.01. This represents a $4.28 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Tuesday, March 17th. Prologis’s dividend payout ratio is 120.56%.

About Prologis

(Free Report)

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.

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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