PNC Financial Services Group Inc. Grows Position in Prologis, Inc. $PLD

PNC Financial Services Group Inc. raised its stake in shares of Prologis, Inc. (NYSE:PLD) by 1.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 746,411 shares of the real estate investment trust’s stock after purchasing an additional 11,569 shares during the quarter. PNC Financial Services Group Inc. owned about 0.08% of Prologis worth $95,287,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. High Point Wealth Management LLC purchased a new stake in shares of Prologis during the fourth quarter valued at $26,000. Ares Financial Consulting LLC purchased a new position in Prologis in the 4th quarter worth $26,000. Eagle Bay Advisors LLC purchased a new position in Prologis in the 4th quarter worth $27,000. High Note Wealth LLC lifted its position in Prologis by 43.9% during the 4th quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 76 shares during the period. Finally, True Wealth Design LLC grew its stake in Prologis by 87.1% during the 4th quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 122 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on PLD shares. JPMorgan Chase & Co. increased their price objective on Prologis from $141.00 to $157.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Evercore set a $135.00 target price on Prologis in a research report on Friday, April 17th. Royal Bank Of Canada increased their price target on shares of Prologis from $135.00 to $148.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 28th. 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 report on Friday, April 24th. Finally, BNP Paribas Exane lifted their price objective on shares of Prologis from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Sixteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $149.76.

Prologis Stock Performance

Shares of PLD stock opened at $144.44 on Thursday. The stock has a market cap of $134.67 billion, a PE ratio of 36.38, a price-to-earnings-growth ratio of 3.14 and a beta of 1.33. The business has a 50-day simple moving average of $137.45 and a 200-day simple moving average of $133.12. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.60. Prologis, Inc. has a 52-week low of $103.02 and a 52-week high of $145.44.

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

Prologis Announces Dividend

The company 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 dividend of $1.07 per share. 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 3.0%. Prologis’s dividend payout ratio (DPR) 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.