Trust Co. of Vermont Purchases 6,760 Shares of Prologis, Inc. $PLD

Trust Co. of Vermont grew its holdings in shares of Prologis, Inc. (NYSE:PLDFree Report) by 11.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 66,960 shares of the real estate investment trust’s stock after purchasing an additional 6,760 shares during the quarter. Trust Co. of Vermont’s holdings in Prologis were worth $8,548,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp grew its position in Prologis by 1.9% during the second 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 buying an additional 1,088,544 shares during the period. Amundi raised its position in Prologis by 22.0% in the third quarter. Amundi now owns 5,651,563 shares of the real estate investment trust’s stock worth $661,968,000 after acquiring an additional 1,020,819 shares during the period. Federated Hermes Inc. boosted its stake in shares of Prologis by 30.3% during the 3rd quarter. Federated Hermes Inc. now owns 4,256,236 shares of the real estate investment trust’s stock worth $487,424,000 after acquiring an additional 988,986 shares during the last quarter. Mondrian Investment Partners LTD purchased a new position in shares of Prologis during the 3rd quarter worth $112,141,000. Finally, Capital International Investors grew its position in shares of Prologis by 15.0% during the 3rd quarter. Capital International Investors now owns 7,247,383 shares of the real estate investment trust’s stock valued at $829,970,000 after acquiring an additional 946,847 shares during the period. Institutional investors own 93.50% of the company’s stock.

Prologis News Summary

Here are the key news stories impacting Prologis this week:

Analyst Upgrades and Downgrades

PLD has been the subject of several analyst reports. BMO Capital Markets restated a “market perform” rating and issued a $123.00 price objective on shares of Prologis in a research note on Thursday, January 22nd. BTIG Research boosted 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. Citigroup started coverage on Prologis in a research report on Thursday, March 5th. They issued a “buy” rating and a $145.00 price target for the company. Barclays reaffirmed an “overweight” rating and issued a $139.00 price objective on shares of Prologis in a research note on Tuesday, January 13th. Finally, Freedom Capital cut Prologis from a “strong-buy” rating to a “hold” rating in a research 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.20.

Read Our Latest Report on PLD

Prologis Stock Up 1.0%

Shares of PLD stock opened at $133.46 on Thursday. The company has a market capitalization of $124.42 billion, a price-to-earnings ratio of 37.60, a PEG ratio of 3.12 and a beta of 1.41. Prologis, Inc. has a one year low of $85.35 and a one year high of $143.95. The company’s fifty day moving average price is $134.65 and its 200-day moving average price is $127.89. 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:PLDGet Free Report) last released its earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.44. The company had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.09 billion. Prologis had a net margin of 37.86% and a return on equity of 5.79%. Prologis’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.42 EPS. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Sell-side analysts expect that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were given a $1.07 dividend. The ex-dividend date was 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 dividend yield of 3.2%. Prologis’s dividend payout ratio (DPR) is presently 120.56%.

Prologis Profile

(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.

See Also

Want to see what other hedge funds are holding PLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Prologis, Inc. (NYSE:PLDFree Report).

Institutional Ownership by Quarter for Prologis (NYSE:PLD)

Receive News & Ratings for Prologis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prologis and related companies with MarketBeat.com's FREE daily email newsletter.