US Bancorp DE Decreases Stock Position in Prologis, Inc. $PLD

US Bancorp DE cut its holdings in Prologis, Inc. (NYSE:PLD) by 6.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 558,277 shares of the real estate investment trust’s stock after selling 36,394 shares during the period. US Bancorp DE’s holdings in Prologis were worth $71,270,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Prologis by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock valued at $15,743,451,000 after purchasing an additional 1,258,407 shares in the last quarter. Capital International Investors boosted its stake in shares of Prologis by 15.0% during the 3rd quarter. Capital International Investors now owns 7,247,383 shares of the real estate investment trust’s stock worth $829,970,000 after purchasing an additional 946,847 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Prologis by 1.2% during the 3rd quarter. Wellington Management Group LLP now owns 6,995,375 shares of the real estate investment trust’s stock worth $801,110,000 after purchasing an additional 85,012 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Prologis by 0.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,837,026 shares of the real estate investment trust’s stock worth $778,528,000 after purchasing an additional 31,456 shares during the last quarter. Finally, Amundi boosted its stake 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 purchasing an additional 1,020,819 shares during the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PLD has been the topic of several analyst reports. BTIG Research reaffirmed a “buy” rating and set a $155.00 price target on shares of Prologis in a research note on Wednesday, April 15th. Freedom Capital cut shares of Prologis from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 23rd. Mizuho raised their price target on shares of Prologis from $143.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Truist Financial raised their price target on shares of Prologis from $139.00 to $154.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Finally, Scotiabank raised their price target on shares of Prologis from $146.00 to $154.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 21st. Fourteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $147.90.

Prologis Trading Up 2.5%

Shares of PLD stock opened at $142.29 on Friday. The firm has a market cap of $132.65 billion, a P/E ratio of 35.84, a PEG ratio of 3.06 and a beta of 1.40. Prologis, Inc. has a 1-year low of $101.96 and a 1-year high of $145.44. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.16 and a quick ratio of 0.58. The firm’s 50-day simple moving average is $136.77 and its 200-day simple moving average is $131.39.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.24. The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.46%. The company’s revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, equities analysts forecast that Prologis, Inc. will post 6.17 EPS for the current year.

Prologis Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Tuesday, June 16th. Prologis’s dividend payout ratio is presently 107.81%.

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.