Truist Financial Corp Purchases 8,753 Shares of Prologis, Inc. $PLD

Truist Financial Corp increased its position in Prologis, Inc. (NYSE:PLD) by 2.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 327,663 shares of the real estate investment trust’s stock after purchasing an additional 8,753 shares during the quarter. Truist Financial Corp’s holdings in Prologis were worth $37,524,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of Prologis by 629.0% during the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock worth $1,847,000 after acquiring an additional 15,078 shares during the period. Cooper Financial Group acquired a new position in shares of Prologis in the second quarter valued at $684,000. Consolidated Portfolio Review Corp raised its position in shares of Prologis by 25.7% in the second quarter. Consolidated Portfolio Review Corp now owns 6,844 shares of the real estate investment trust’s stock valued at $719,000 after purchasing an additional 1,400 shares during the period. Ninety One UK Ltd lifted its stake in shares of Prologis by 482.6% during the 2nd quarter. Ninety One UK Ltd now owns 108,886 shares of the real estate investment trust’s stock worth $11,446,000 after buying an additional 90,197 shares during the last quarter. Finally, Community Financial Services Group LLC boosted its holdings in shares of Prologis by 0.3% during the 2nd quarter. Community Financial Services Group LLC now owns 57,219 shares of the real estate investment trust’s stock worth $6,015,000 after buying an additional 168 shares during the period. Institutional investors own 93.50% of the company’s stock.

Prologis Trading Up 2.6%

NYSE:PLD opened at $130.47 on Friday. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $134.94. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 0.19. The firm’s fifty day moving average is $128.78 and its 200-day moving average is $119.75. The firm has a market cap of $121.19 billion, a P/E ratio of 36.75, a P/E/G ratio of 3.15 and a beta of 1.40.

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

Prologis Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were given a dividend of $1.01 per share. The ex-dividend date was Tuesday, December 16th. This represents a $4.04 annualized dividend and a dividend yield of 3.1%. Prologis’s dividend payout ratio is presently 117.78%.

Insider Buying and Selling

In other Prologis news, Director Cristina Gabriela Bita sold 621 shares of Prologis stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $127.60, for a total value of $79,239.60. Following the completion of the sale, the director directly owned 8,208 shares in the company, valued at approximately $1,047,340.80. The trade was a 7.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.57% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. UBS Group increased their price target on shares of Prologis from $144.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Barclays reaffirmed an “overweight” rating and issued a $139.00 price objective on shares of Prologis in a report on Tuesday, January 13th. Wells Fargo & Company increased their target price on Prologis from $120.00 to $139.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. Evercore ISI raised their price target on Prologis from $118.00 to $121.00 and gave the stock an “in-line” rating in a research report on Thursday, January 22nd. Finally, Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. Thirteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $134.22.

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.