Fort Washington Investment Advisors Inc. OH Acquires New Stake in Prologis, Inc. $PLD

Fort Washington Investment Advisors Inc. OH bought a new position in Prologis, Inc. (NYSE:PLD) during the first quarter, Holdings Channel.com reports. The institutional investor bought 212,345 shares of the real estate investment trust’s stock, valued at approximately $28,068,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Border to Coast Pensions Partnership Ltd raised its holdings in shares of Prologis by 250.0% in the 1st quarter. Border to Coast Pensions Partnership Ltd now owns 105,000 shares of the real estate investment trust’s stock valued at $13,921,000 after acquiring an additional 75,000 shares in the last quarter. Yoder Wealth Management Inc. grew its holdings in shares of Prologis by 6.6% during the first quarter. Yoder Wealth Management Inc. now owns 2,448 shares of the real estate investment trust’s stock worth $324,000 after purchasing an additional 152 shares in the last quarter. Union Bancaire Privee UBP SA increased its position in shares of Prologis by 2.6% in the first quarter. Union Bancaire Privee UBP SA now owns 65,419 shares of the real estate investment trust’s stock worth $8,647,000 after purchasing an additional 1,648 shares during the last quarter. Cambient Family Office LLC increased its position in shares of Prologis by 28.1% in the first quarter. Cambient Family Office LLC now owns 2,386 shares of the real estate investment trust’s stock worth $315,000 after purchasing an additional 523 shares during the last quarter. Finally, River Street Advisors LLC raised its stake in Prologis by 4.8% in the first quarter. River Street Advisors LLC now owns 12,996 shares of the real estate investment trust’s stock valued at $1,718,000 after purchasing an additional 594 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Stock Performance

Shares of NYSE PLD opened at $140.11 on Monday. The stock’s 50-day moving average is $143.31 and its 200 day moving average is $136.59. The stock has a market cap of $130.63 billion, a price-to-earnings ratio of 35.29, a P/E/G ratio of 3.04 and a beta of 1.32. Prologis, Inc. has a 1-year low of $103.41 and a 1-year high of $150.18. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60.

Prologis (NYSE:PLD) last issued its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.24. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the prior year, the firm earned $1.43 earnings per share. Prologis’s revenue for the quarter was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, sell-side analysts anticipate that Prologis, Inc. will post 6.17 EPS for the current fiscal year.

Prologis Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a $1.07 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.1%. Prologis’s dividend payout ratio is 107.81%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PLD. Truist Financial lifted their target price on shares of Prologis from $139.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Argus increased their price target on shares of Prologis from $135.00 to $152.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Wells Fargo & Company raised their price objective on shares of Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. JPMorgan Chase & Co. lifted their price objective on shares of Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Finally, Citigroup upped their target price on shares of Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Fifteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $151.48.

Insider Activity

In related news, CFO Timothy D. Arndt sold 3,597 shares of the stock in a transaction on Monday, June 15th. The shares were 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 SEC, which is accessible through this link. Company insiders own 0.52% 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.