BTC Capital Management Inc. Boosts Stake in Prologis, Inc. $PLD

BTC Capital Management Inc. grew its holdings in Prologis, Inc. (NYSE:PLD) by 9.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 71,609 shares of the real estate investment trust’s stock after purchasing an additional 5,985 shares during the period. BTC Capital Management Inc.’s holdings in Prologis were worth $8,202,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Clayton Financial Group LLC acquired a new stake in shares of Prologis during the third quarter valued at about $26,000. Silver Oak Securities Incorporated purchased a new position in shares of Prologis during the 3rd quarter worth approximately $36,000. AlphaQuest LLC acquired a new stake in Prologis in the 3rd quarter valued at approximately $39,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Prologis in the 2nd quarter valued at approximately $44,000. Finally, SJS Investment Consulting Inc. purchased a new stake in Prologis in the third quarter valued at approximately $44,000. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on PLD shares. Barclays reaffirmed an “overweight” rating and issued a $139.00 price objective on shares of Prologis in a research note on Tuesday, January 13th. Wall Street Zen cut Prologis from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Morgan Stanley set a $135.00 target price on Prologis in a research report on Friday, January 16th. BMO Capital Markets reissued a “market perform” rating and set a $123.00 price target on shares of Prologis in a research report on Thursday, January 22nd. Finally, Truist Financial lowered their price objective on shares of Prologis from $142.00 to $139.00 and set a “buy” rating for the company in a research note on Monday, January 26th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Prologis presently has an average rating of “Moderate Buy” and an average target price of $135.32.

Prologis Price Performance

PLD stock opened at $138.93 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.19 and a quick ratio of 0.64. The firm has a market capitalization of $129.05 billion, a P/E ratio of 39.13, a P/E/G ratio of 3.38 and a beta of 1.42. The business’s 50-day moving average is $130.47 and its two-hundred day moving average is $121.82. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $141.95.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, hitting analysts’ consensus estimates of $1.44. The business had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.09 billion. Prologis had a return on equity of 5.78% and a net margin of 37.86%.The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.42 earnings per share. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be given a $1.07 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.1%. This is a boost from Prologis’s previous quarterly dividend of $1.01. Prologis’s payout ratio is currently 113.80%.

Insider Buying and Selling at Prologis

In other news, Director Cristina Gabriela Bita sold 621 shares of Prologis stock in a transaction on Monday, December 1st. The shares were sold at an average price of $127.60, for a total transaction of $79,239.60. Following the completion of the sale, the director directly owned 8,208 shares of the company’s stock, valued at approximately $1,047,340.80. The trade was a 7.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.57% of the company’s stock.

About Prologis

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.