Prologis, Inc. $PLD Stock Position Trimmed by BTC Capital Management Inc.

BTC Capital Management Inc. trimmed its position in shares of Prologis, Inc. (NYSE:PLDFree Report) by 5.5% in the fourth quarter, HoldingsChannel reports. The firm owned 67,688 shares of the real estate investment trust’s stock after selling 3,921 shares during the period. BTC Capital Management Inc.’s holdings in Prologis were worth $8,651,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Clayton Financial Group LLC bought a new position in Prologis during the 3rd quarter valued at $26,000. True Wealth Design LLC raised its stake in shares of Prologis by 87.1% in the 4th quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 122 shares in the last quarter. Silver Oak Securities Incorporated bought a new stake in shares of Prologis in the 3rd quarter worth $36,000. Rossby Financial LCC lifted its holdings in shares of Prologis by 69.6% in the third quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 135 shares during the period. Finally, AlphaQuest LLC bought a new position in Prologis during the third quarter valued at about $39,000. Institutional investors own 93.50% of the company’s stock.

Prologis News Roundup

Here are the key news stories impacting Prologis this week:

Analyst Ratings Changes

Several research firms have recently weighed in on PLD. Evercore raised their price objective on shares of Prologis from $118.00 to $121.00 and gave the company an “in-line” rating in a research report on Thursday, January 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Prologis in a research note on Friday. BNP Paribas Exane raised their target price on shares of Prologis from $129.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. UBS Group lifted their price target on shares of Prologis from $144.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Finally, Morgan Stanley set a $135.00 price target on Prologis in a report on Friday, January 16th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Prologis currently has a consensus rating of “Moderate Buy” and an average price target of $137.20.

Read Our Latest Report on Prologis

Prologis Price Performance

NYSE PLD opened at $132.21 on Wednesday. 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, Inc. has a 1 year low of $85.35 and a 1 year high of $143.95. The company has a market cap of $123.25 billion, a PE ratio of 37.24, a PEG ratio of 3.04 and a beta of 1.41. The stock’s 50-day moving average price is $134.60 and its two-hundred day moving average price is $127.85.

Prologis (NYSE:PLDGet Free Report) last announced its earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, hitting the consensus estimate 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 net margin of 37.86% and a return on equity of 5.79%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the company posted $1.42 earnings per share. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. On average, analysts predict that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 3.2%. The ex-dividend date was Tuesday, March 17th. This is a positive change from Prologis’s previous quarterly dividend of $1.01. Prologis’s dividend payout ratio is presently 120.56%.

Prologis Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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