Prologis, Inc. $PLD Stake Lifted by Franklin Resources Inc.

Franklin Resources Inc. increased its stake in shares of Prologis, Inc. (NYSE:PLD) by 6.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,886,938 shares of the real estate investment trust’s stock after buying an additional 567,986 shares during the quarter. Franklin Resources Inc.’s holdings in Prologis were worth $1,262,166,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. High Note Wealth LLC grew its stake 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 buying an additional 76 shares during the last quarter. Dakota Community Bank & Trust NA grew its stake in Prologis by 3.4% during the 4th quarter. Dakota Community Bank & Trust NA now owns 2,398 shares of the real estate investment trust’s stock worth $306,000 after buying an additional 79 shares during the last quarter. Dearborn Partners LLC grew its stake in Prologis by 4.2% during the 4th quarter. Dearborn Partners LLC now owns 1,969 shares of the real estate investment trust’s stock worth $251,000 after buying an additional 79 shares during the last quarter. Peddock Capital Advisors LLC grew its stake in Prologis by 3.1% during the 4th quarter. Peddock Capital Advisors LLC now owns 2,651 shares of the real estate investment trust’s stock worth $338,000 after buying an additional 80 shares during the last quarter. Finally, Foster Dykema Cabot & Partners LLC grew its stake in Prologis by 1.0% during the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 8,232 shares of the real estate investment trust’s stock worth $943,000 after buying an additional 83 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors.

Prologis Trading Up 0.1%

Shares of PLD stock opened at $144.69 on Monday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51. Prologis, Inc. has a 1 year low of $103.41 and a 1 year high of $147.93. The stock has a fifty day moving average of $140.40 and a two-hundred day moving average of $134.80. The firm has a market capitalization of $134.90 billion, a PE ratio of 36.45, a price-to-earnings-growth ratio of 3.18 and a beta of 1.32.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.24. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the previous year, the firm posted $1.43 EPS. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, research analysts expect that Prologis, Inc. will post 6.18 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 issued a $1.07 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $4.28 annualized dividend and a dividend yield of 3.0%. Prologis’s dividend payout ratio is 107.81%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Royal Bank Of Canada upped their price objective on Prologis from $135.00 to $148.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 28th. Scotiabank upped their price objective on Prologis from $146.00 to $154.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 21st. BTIG Research restated a “buy” rating and set a $155.00 price objective on shares of Prologis in a research note on Wednesday, April 15th. DA Davidson boosted their price target on Prologis from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Finally, Robert W. Baird boosted their price target on Prologis from $133.00 to $136.00 and gave the stock a “neutral” rating in a research report on Friday, April 17th. Sixteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.86.

Prologis 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.