Prologis, Inc. $PLD Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lifted its position in shares of Prologis, Inc. (NYSE:PLD) by 1.6% during the 4th quarter, HoldingsChannel reports. The fund owned 746,411 shares of the real estate investment trust’s stock after purchasing an additional 11,569 shares during the period. PNC Financial Services Group Inc.’s holdings in Prologis were worth $95,287,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of PLD. Vanguard Group Inc. raised its holdings in Prologis by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock worth $15,743,451,000 after purchasing an additional 1,258,407 shares during the period. Principal Financial Group Inc. grew its holdings in Prologis by 1.3% in the fourth quarter. Principal Financial Group Inc. now owns 10,946,760 shares of the real estate investment trust’s stock valued at $1,397,467,000 after purchasing an additional 135,912 shares during the period. Swedbank AB grew its holdings in Prologis by 36.2% in the fourth quarter. Swedbank AB now owns 7,664,583 shares of the real estate investment trust’s stock valued at $978,461,000 after purchasing an additional 2,038,329 shares during the period. Capital International Investors increased its position in shares of Prologis by 15.0% in the third quarter. Capital International Investors now owns 7,247,383 shares of the real estate investment trust’s stock valued at $829,970,000 after buying an additional 946,847 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Prologis by 1.2% in the third quarter. Wellington Management Group LLP now owns 6,995,375 shares of the real estate investment trust’s stock valued at $801,110,000 after buying 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 Analysts Forecast Growth

A number of research analysts have recently issued reports on PLD shares. Freedom Capital lowered Prologis from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. Scotiabank boosted their price target on shares of Prologis from $146.00 to $154.00 and gave the stock an “outperform” rating in a report on Tuesday, April 21st. Weiss Ratings upgraded shares of Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. DA Davidson increased their price objective on shares of Prologis from $140.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $157.00 target price on shares of Prologis in a research report on Friday, April 17th. Sixteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $149.76.

Prologis Stock Performance

Shares of NYSE:PLD opened at $144.44 on Thursday. 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 1 year low of $103.02 and a 1 year high of $145.44. The firm has a market capitalization of $134.67 billion, a PE ratio of 36.38, a P/E/G ratio of 3.14 and a beta of 1.33. The business’s 50 day moving average price is $137.45 and its 200-day moving average price is $133.12.

Prologis (NYSE:PLD) last posted its quarterly earnings data 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 firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.12 billion. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The firm’s revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, equities research analysts expect that Prologis, Inc. will post 6.17 earnings per share for the current fiscal year.

Prologis Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Tuesday, June 16th. Prologis’s dividend payout ratio is 107.81%.

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.