Prologis, Inc. $PLD Holdings Trimmed by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. reduced its position in shares of Prologis, Inc. (NYSE:PLD) by 36.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 528,001 shares of the real estate investment trust’s stock after selling 307,204 shares during the period. Bahl & Gaynor Inc.’s holdings in Prologis were worth $60,467,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of PLD. Brighton Jones LLC lifted its stake in Prologis by 629.0% in the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock worth $1,847,000 after acquiring an additional 15,078 shares in the last quarter. Schnieders Capital Management LLC. grew its stake in Prologis by 45.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock valued at $1,128,000 after acquiring an additional 3,350 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Prologis by 6.9% in the 2nd quarter. Assetmark Inc. now owns 72,133 shares of the real estate investment trust’s stock valued at $7,583,000 after purchasing an additional 4,664 shares during the period. IFG Advisory LLC lifted its position in shares of Prologis by 22.6% in the second quarter. IFG Advisory LLC now owns 2,353 shares of the real estate investment trust’s stock worth $247,000 after purchasing an additional 434 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its holdings in shares of Prologis by 3,811.7% during the second quarter. Creative Financial Designs Inc. ADV now owns 7,667 shares of the real estate investment trust’s stock worth $806,000 after purchasing an additional 7,471 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Trading Down 0.2%

Shares of NYSE:PLD opened at $142.44 on Monday. 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 market capitalization of $132.41 billion, a PE ratio of 40.12, a P/E/G ratio of 3.52 and a beta of 1.41. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $143.95. The firm has a fifty day moving average price of $132.89 and a 200 day moving average price of $124.46.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.44. The company had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.42 earnings per share. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Analysts expect that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 3.0%. This is a boost from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date is Tuesday, March 17th. Prologis’s dividend payout ratio is 113.80%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Mizuho upped their price objective on shares of Prologis from $138.00 to $143.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. BNP Paribas Exane upped their price target on shares of Prologis from $129.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Morgan Stanley set a $135.00 price objective on Prologis in a report on Friday, January 16th. Royal Bank Of Canada boosted their target price on Prologis from $132.00 to $135.00 and gave the company a “sector perform” rating in a research note on Monday, February 2nd. Finally, Freedom Capital lowered Prologis from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. Fourteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.95.

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.