M&T Bank Corp Buys 87,095 Shares of Prologis, Inc. $PLD

M&T Bank Corp boosted its stake in shares of Prologis, Inc. (NYSE:PLD) by 212.6% in the fourth quarter, HoldingsChannel reports. The firm owned 128,063 shares of the real estate investment trust’s stock after purchasing an additional 87,095 shares during the quarter. M&T Bank Corp’s holdings in Prologis were worth $16,349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. D.A. Davidson & CO. increased its position in Prologis by 16.7% in the third quarter. D.A. Davidson & CO. now owns 587,157 shares of the real estate investment trust’s stock worth $67,241,000 after purchasing an additional 83,966 shares during the last quarter. Nvwm LLC increased its position in Prologis by 6,069.7% in the fourth quarter. Nvwm LLC now owns 15,486 shares of the real estate investment trust’s stock worth $1,977,000 after purchasing an additional 15,235 shares during the last quarter. Foresight Group Ltd Liability Partnership increased its position in Prologis by 240.1% in the third quarter. Foresight Group Ltd Liability Partnership now owns 44,715 shares of the real estate investment trust’s stock worth $5,109,000 after purchasing an additional 31,567 shares during the last quarter. National Pension Service increased its position in Prologis by 2.4% in the third quarter. National Pension Service now owns 2,443,137 shares of the real estate investment trust’s stock worth $279,788,000 after purchasing an additional 56,272 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in Prologis by 3.6% in the third quarter. Envestnet Asset Management Inc. now owns 3,644,875 shares of the real estate investment trust’s stock worth $417,411,000 after purchasing an additional 126,613 shares during the last quarter. 93.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on PLD. Argus boosted their price target on shares of Prologis from $135.00 to $152.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Citigroup boosted their price objective on shares of Prologis from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Bank of America boosted their price objective on shares of Prologis from $153.00 to $162.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Barclays reiterated an “overweight” rating and set a $139.00 price objective on shares of Prologis in a research report on Tuesday, January 13th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $157.00 price objective on shares of Prologis in a research report on Friday, April 17th. Fifteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Prologis presently has an average rating of “Moderate Buy” and an average price target of $147.90.

Prologis Stock Down 1.9%

NYSE:PLD opened at $138.73 on Tuesday. Prologis, Inc. has a 1-year low of $103.02 and a 1-year high of $145.44. The company has a 50-day moving average of $136.77 and a 200 day moving average of $131.63. The firm has a market cap of $129.33 billion, a PE ratio of 34.94, a price-to-earnings-growth ratio of 3.12 and a beta of 1.33. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51.

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

Prologis Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s dividend payout ratio is presently 107.81%.

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.