First Bank & Trust Increases Stock Position in Prologis, Inc. $PLD

First Bank & Trust raised its stake in shares of Prologis, Inc. (NYSE:PLD) by 19.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 26,324 shares of the real estate investment trust’s stock after purchasing an additional 4,341 shares during the period. First Bank & Trust’s holdings in Prologis were worth $3,361,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Brighton Jones LLC boosted its position in shares of Prologis by 629.0% during the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock worth $1,847,000 after purchasing an additional 15,078 shares during the period. Schnieders Capital Management LLC. increased its holdings in Prologis by 45.4% in 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 purchasing an additional 3,350 shares during the last quarter. AlphaCore Capital LLC purchased a new stake in Prologis in the second quarter valued at approximately $113,000. Global Retirement Partners LLC acquired a new position in Prologis during the second quarter worth $1,883,000. Finally, CreativeOne Wealth LLC lifted its stake in Prologis by 32.1% during the second quarter. CreativeOne Wealth LLC now owns 8,707 shares of the real estate investment trust’s stock worth $915,000 after purchasing an additional 2,116 shares in the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PLD has been the subject of a number of research reports. Robert W. Baird reaffirmed a “neutral” rating and issued a $130.00 price objective (up from $128.00) on shares of Prologis in a research note on Thursday, January 8th. Evercore increased their target price on Prologis from $118.00 to $121.00 and gave the stock an “in-line” rating in a research note on Thursday, January 22nd. Royal Bank Of Canada raised their target price on Prologis from $132.00 to $135.00 and gave the company a “sector perform” rating in a report on Monday, February 2nd. Wall Street Zen lowered shares of Prologis from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Prologis in a research report on Monday, December 29th. Fourteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $137.20.

Prologis Price Performance

Shares of NYSE PLD opened at $130.35 on Thursday. The stock has a market cap of $121.52 billion, a P/E ratio of 36.72, a P/E/G ratio of 3.07 and a beta of 1.41. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $143.95. The stock has a 50 day moving average of $134.81 and a two-hundred day moving average of $127.29. The company has a current ratio of 0.58, a quick ratio of 0.58 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 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.44. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The company had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same period last year, the firm earned $1.42 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. On average, research analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a $1.07 dividend. This is a positive change from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date is Tuesday, March 17th. This represents a $4.28 dividend on an annualized basis and a yield of 3.3%. Prologis’s payout ratio is 120.56%.

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.