Crawford Investment Counsel Inc. Takes Position in Prologis, Inc. $PLD

Crawford Investment Counsel Inc. bought a new stake in Prologis, Inc. (NYSE:PLD) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 140,839 shares of the real estate investment trust’s stock, valued at approximately $16,129,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PLD. Norges Bank acquired a new stake in Prologis during the second quarter worth $1,288,936,000. Franklin Resources Inc. raised its stake in shares of Prologis by 216.0% in the 2nd quarter. Franklin Resources Inc. now owns 10,050,843 shares of the real estate investment trust’s stock valued at $1,056,545,000 after buying an additional 6,870,479 shares in the last quarter. State Street Corp raised its stake in shares of Prologis by 1.9% in the 2nd quarter. State Street Corp now owns 58,640,842 shares of the real estate investment trust’s stock valued at $6,164,325,000 after buying an additional 1,088,544 shares in the last quarter. Amundi lifted its holdings in shares of Prologis by 22.0% during the 3rd quarter. Amundi now owns 5,651,563 shares of the real estate investment trust’s stock worth $661,968,000 after acquiring an additional 1,020,819 shares during the period. Finally, Federated Hermes Inc. lifted its holdings in shares of Prologis by 30.3% during the 3rd quarter. Federated Hermes Inc. now owns 4,256,236 shares of the real estate investment trust’s stock worth $487,424,000 after acquiring an additional 988,986 shares during the period. 93.50% of the stock is owned by institutional investors.

Prologis Stock Performance

NYSE:PLD opened at $131.73 on Friday. The stock has a market capitalization of $122.45 billion, a P/E ratio of 37.11, a price-to-earnings-growth ratio of 3.12 and a beta of 1.41. 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 firm has a 50 day moving average of $134.50 and a 200-day moving average of $126.26.

Prologis (NYSE:PLD) last released its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS 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 business had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period in the prior year, the company earned $1.42 EPS. Prologis’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. As a group, sell-side analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be issued a dividend of $1.07 per share. The ex-dividend date is Tuesday, March 17th. This is a boost from Prologis’s previous quarterly dividend of $1.01. This represents a $4.28 annualized dividend and a dividend yield of 3.2%. Prologis’s dividend payout ratio (DPR) is currently 120.56%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Morgan Stanley set a $135.00 target price on shares of Prologis in a research note on Friday, January 16th. The Goldman Sachs Group raised their price target on shares of Prologis from $137.00 to $148.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Prologis in a report on Monday, December 29th. Mizuho upped their price objective on Prologis from $138.00 to $143.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Finally, Citigroup initiated coverage on Prologis in a report on Thursday, March 5th. They issued a “buy” rating and a $145.00 target price for the company. Fourteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $137.20.

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.