Prologis, Inc. $PLD Holdings Raised by Midwest Trust Co

Midwest Trust Co increased its position in shares of Prologis, Inc. (NYSE:PLD) by 4.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 139,761 shares of the real estate investment trust’s stock after purchasing an additional 5,804 shares during the quarter. Midwest Trust Co’s holdings in Prologis were worth $16,005,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PLD. Norges Bank bought a new stake in shares of Prologis during the 2nd quarter valued at about $1,288,936,000. Franklin Resources Inc. lifted its holdings in Prologis by 216.0% in the second quarter. Franklin Resources Inc. now owns 10,050,843 shares of the real estate investment trust’s stock worth $1,056,545,000 after acquiring an additional 6,870,479 shares during the last quarter. State Street Corp boosted its stake in Prologis by 1.9% in 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 acquiring an additional 1,088,544 shares during the period. Federated Hermes Inc. grew its holdings in shares of Prologis by 30.3% during the third quarter. Federated Hermes Inc. now owns 4,256,236 shares of the real estate investment trust’s stock valued at $487,424,000 after purchasing an additional 988,986 shares during the last quarter. Finally, Balyasny Asset Management L.P. grew its holdings in shares of Prologis by 11,585.8% during the second quarter. Balyasny Asset Management L.P. now owns 882,398 shares of the real estate investment trust’s stock valued at $92,758,000 after purchasing an additional 874,847 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Up 0.2%

PLD stock opened at $137.27 on Tuesday. The firm’s 50-day moving average is $129.64 and its two-hundred day moving average is $121.15. The company has a market capitalization of $127.51 billion, a price-to-earnings ratio of 38.67, a price-to-earnings-growth ratio of 3.39 and a beta of 1.42. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $137.49. The company has a current ratio of 0.19, a quick ratio of 0.64 and a debt-to-equity ratio of 0.61.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, hitting analysts’ consensus estimates of $1.44. The company had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.09 billion. Prologis had a return on equity of 6.64% and a net margin of 37.86%.The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.42 EPS. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. On average, analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Tuesday, December 16th. Prologis’s dividend payout ratio is presently 113.80%.

Wall Street Analyst Weigh In

PLD has been the subject of a number of analyst reports. Freedom Capital lowered Prologis from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. Truist Financial cut their target price on Prologis from $142.00 to $139.00 and set a “buy” rating on the stock in a research note on Monday, January 26th. Citigroup restated a “buy” rating on shares of Prologis in a research report on Monday, January 26th. BNP Paribas Exane lifted their price objective on shares of Prologis from $129.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Finally, Morgan Stanley set a $135.00 target price on shares of Prologis in a research report on Friday, January 16th. Thirteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Prologis has a consensus rating of “Moderate Buy” and an average target price of $135.32.

Insider Buying and Selling at Prologis

In other news, Director Cristina Gabriela Bita sold 621 shares of Prologis stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $127.60, for a total value of $79,239.60. Following the transaction, the director owned 8,208 shares of the company’s stock, valued at $1,047,340.80. The trade was a 7.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.57% of the company’s stock.

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.