Fifth Third Bancorp Raises Stock Holdings in Prologis, Inc. $PLD

Fifth Third Bancorp grew its position in shares of Prologis, Inc. (NYSE:PLD) by 5.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 124,379 shares of the real estate investment trust’s stock after acquiring an additional 6,727 shares during the quarter. Fifth Third Bancorp’s holdings in Prologis were worth $16,440,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of PLD. Ares Financial Consulting LLC bought a new stake in shares of Prologis in the 4th quarter worth about $26,000. High Point Wealth Management LLC bought a new position in shares of Prologis in the 4th quarter valued at about $26,000. Eagle Bay Advisors LLC bought a new position in shares of Prologis in the 4th quarter valued at about $27,000. SouthState Bank Corp grew its position in Prologis by 73.1% in the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 95 shares in the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new position in Prologis in the fourth quarter worth about $29,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Prologis

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $150.00, for a total transaction of $539,550.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.52% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PLD shares. Royal Bank Of Canada upped their price objective on Prologis from $135.00 to $148.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 28th. JPMorgan Chase & Co. lifted their target price on Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Evercore set a $135.00 price target on Prologis in a report on Friday, April 17th. BMO Capital Markets dropped their price objective on shares of Prologis from $162.00 to $158.00 and set an “outperform” rating for the company in a research note on Monday, June 29th. Finally, BTIG Research increased their target price on shares of Prologis from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Fifteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $152.00.

Prologis Trading Up 0.4%

Shares of PLD opened at $142.70 on Wednesday. Prologis, Inc. has a 1-year low of $103.41 and a 1-year high of $150.18. The company has a 50-day moving average of $142.87 and a 200 day moving average of $137.57. The firm has a market capitalization of $133.05 billion, a price-to-earnings ratio of 35.95 and a beta of 1.32. 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 (NYSE:PLD) last issued its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.24. The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, research analysts expect that Prologis, Inc. will post 6.17 EPS for the current year.

Prologis Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were paid a $1.07 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $4.28 annualized dividend and a yield of 3.0%. Prologis’s dividend payout ratio is 107.81%.

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.