Truist Financial Corp Buys 7,359 Shares of Prologis, Inc. $PLD

Truist Financial Corp increased its stake in shares of Prologis, Inc. (NYSE:PLD) by 2.2% during the 4th quarter, Holdings Channel reports. The fund owned 335,022 shares of the real estate investment trust’s stock after acquiring an additional 7,359 shares during the period. Truist Financial Corp’s holdings in Prologis were worth $42,769,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Avidian Wealth Enterprises LLC raised its holdings in Prologis by 16.2% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 2,256 shares of the real estate investment trust’s stock worth $288,000 after buying an additional 315 shares during the last quarter. Advisors Preferred LLC acquired a new position in Prologis during the fourth quarter worth $2,754,000. Intact Investment Management Inc. raised its holdings in Prologis by 64.4% during the fourth quarter. Intact Investment Management Inc. now owns 21,700 shares of the real estate investment trust’s stock worth $2,770,000 after buying an additional 8,500 shares during the last quarter. Pittenger & Anderson Inc. raised its holdings in Prologis by 10.5% during the fourth quarter. Pittenger & Anderson Inc. now owns 1,416 shares of the real estate investment trust’s stock worth $181,000 after buying an additional 135 shares during the last quarter. Finally, Balentine LLC raised its holdings in Prologis by 19.9% during the fourth quarter. Balentine LLC now owns 2,895 shares of the real estate investment trust’s stock worth $370,000 after buying an additional 481 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Performance

Shares of PLD stock opened at $140.27 on Wednesday. The firm has a 50-day moving average of $136.75 and a 200-day moving average of $131.76. The company has a market cap of $130.78 billion, a P/E ratio of 35.33, a P/E/G ratio of 3.06 and a beta of 1.33. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51. Prologis, Inc. has a one year low of $103.02 and a one year high of $145.44.

Prologis (NYSE:PLD) last announced its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, beating the consensus estimate of $0.81 by $0.24. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Equities research analysts forecast that Prologis, Inc. will post 6.17 EPS for the current fiscal year.

Prologis Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a $1.07 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $4.28 annualized dividend and a yield of 3.1%. Prologis’s payout ratio is currently 107.81%.

Analyst Ratings Changes

PLD has been the topic of several research reports. Barclays restated an “overweight” rating and set a $139.00 price objective on shares of Prologis in a report on Tuesday, January 13th. JPMorgan Chase & Co. upped their price objective on shares of Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Mizuho upped their price objective on shares of Prologis from $143.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Bank of America upped their price objective on shares of Prologis from $153.00 to $162.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Finally, BTIG Research restated a “buy” rating and set a $155.00 price objective on shares of Prologis in a report on Wednesday, April 15th. Fifteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Prologis currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.90.

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.