Prologis, Inc. $PLD Stock Position Lifted by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its holdings in shares of Prologis, Inc. (NYSE:PLD) by 0.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 751,870 shares of the real estate investment trust’s stock after purchasing an additional 5,459 shares during the period. PNC Financial Services Group Inc. owned approximately 0.08% of Prologis worth $99,382,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of PLD. High Point Wealth Management LLC acquired a new position in Prologis during the 4th quarter valued at about $26,000. Ares Financial Consulting LLC bought a new stake in shares of Prologis during the 4th quarter worth about $26,000. Eagle Bay Advisors LLC acquired a new stake in shares of Prologis in the 4th quarter worth approximately $27,000. SouthState Bank Corp lifted its stake in shares of Prologis by 73.1% in the 4th 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 during the period. Finally, Hilton Head Capital Partners LLC bought a new position in shares of Prologis in the fourth quarter valued at approximately $29,000. 93.50% of the stock is currently owned by institutional investors.

Prologis Stock Performance

Shares of PLD opened at $144.67 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.27 and a quick ratio of 0.51. The firm’s 50 day moving average is $143.37 and its 200-day moving average is $138.37. Prologis, Inc. has a 12-month low of $103.41 and a 12-month high of $153.35. The stock has a market capitalization of $134.88 billion, a P/E ratio of 32.22 and a beta of 1.32.

Prologis (NYSE:PLD) last released its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, beating the consensus estimate of $0.75 by $0.38. The business had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.16 billion. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Equities research analysts anticipate that Prologis, Inc. will post 6.27 EPS for the current fiscal year.

Prologis Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Tuesday, June 16th. Prologis’s dividend payout ratio is 95.32%.

Insider Buying and Selling at Prologis

In other 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 document filed with the Securities & Exchange Commission, which is available through this link. 0.52% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently commented on PLD. Citigroup raised their price objective on shares of Prologis from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Scotiabank downgraded Prologis from a “sector outperform” rating to a “sector perform” rating and cut their target price for the stock from $154.00 to $146.00 in a research report on Thursday, June 18th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $157.00 price target on shares of Prologis in a research note on Friday, April 17th. Barclays lifted their price target on Prologis from $139.00 to $156.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Finally, Wells Fargo & Company boosted their price objective on Prologis from $155.00 to $167.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Fifteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, Prologis presently has a consensus rating of “Moderate Buy” and an average target price of $153.62.

Key Prologis News

Here are the key news stories impacting Prologis this week:

• Positive Sentiment: Barclays reiterated a buy rating on Prologis, and Truist raised its price target to $162 from $154, reinforcing the view that the stock still has upside after its recent run. Prologis (PLD) Gets a Buy from Barclays
• Positive Sentiment: Analysts and industry coverage pointed to accelerating warehouse leasing and AI-related demand helping Prologis expand, which supports the company’s long-term growth outlook. Prologis (NYSE:PLD) Turns AI Demand Into Expansion
• Positive Sentiment: Prologis reported stronger-than-expected quarterly earnings and revenue, which has also been cited as a catalyst for industrial REITs broadly and helps explain investor confidence in PLD. Prologis Earnings Drive Industrial REITs Higher
• Neutral Sentiment: Prologis is making a “best and final” takeover bid for UK warehouse landlord SEGRO, which could create strategic benefits if successful, but also adds execution and deal-risk uncertainty. Prologis Makes Final $18.7 Billion Bid to Take Over Segro
• Neutral Sentiment: Shareholder and analyst commentary around the SEGRO transaction suggests the market is still weighing the likelihood and terms of a deal, keeping attention on Prologis rather than changing fundamentals directly. Segro shareholder urges engagement with Prologis over $18.1 billion proposal
• Negative Sentiment: One market note argued PLD has run too far and may be above fair value after a large recent move, which could encourage profit-taking and limit near-term upside. Prologis (PLD) Stock Looks Above Fair Value As 42% Run Cools

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.