Crossmark Global Holdings Inc. Has $7.12 Million Stake in Prologis, Inc. $PLD

Crossmark Global Holdings Inc. increased its stake in shares of Prologis, Inc. (NYSE:PLD) by 20.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 55,784 shares of the real estate investment trust’s stock after purchasing an additional 9,467 shares during the period. Crossmark Global Holdings Inc.’s holdings in Prologis were worth $7,121,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PLD. Vanguard Group Inc. grew its holdings in shares of Prologis by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock worth $15,743,451,000 after purchasing an additional 1,258,407 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Prologis by 1.3% during the 4th quarter. Principal Financial Group Inc. now owns 10,946,760 shares of the real estate investment trust’s stock worth $1,397,467,000 after purchasing an additional 135,912 shares in the last quarter. Swedbank AB grew its holdings in shares of Prologis by 36.2% during the 4th quarter. Swedbank AB now owns 7,664,583 shares of the real estate investment trust’s stock worth $978,461,000 after purchasing an additional 2,038,329 shares in the last quarter. Capital International Investors grew its holdings in shares of Prologis by 15.0% during the 3rd quarter. Capital International Investors now owns 7,247,383 shares of the real estate investment trust’s stock worth $829,970,000 after purchasing an additional 946,847 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Prologis by 1.2% during the 3rd quarter. Wellington Management Group LLP now owns 6,995,375 shares of the real estate investment trust’s stock worth $801,110,000 after purchasing an additional 85,012 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Trading Up 1.2%

Shares of PLD opened at $143.97 on Friday. The stock has a fifty day moving average price of $136.83 and a two-hundred day moving average price of $132.04. 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 52-week low of $103.02 and a 52-week high of $145.44. The company has a market cap of $134.23 billion, a price-to-earnings ratio of 36.26, a PEG ratio of 3.17 and a beta of 1.33.

Prologis (NYSE:PLD) last released its earnings results 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 the consensus estimate of $2.12 billion. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Analysts predict that Prologis, Inc. will post 6.17 EPS for the current fiscal year.

Prologis Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors 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 payout ratio is 107.81%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Truist Financial boosted their price target on Prologis from $139.00 to $154.00 and gave the company a “buy” rating in a research note on Friday, April 24th. BMO Capital Markets raised Prologis from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $137.00 to $162.00 in a research note on Thursday. Bank of America boosted their price target on Prologis from $153.00 to $162.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Argus boosted their price target on Prologis from $135.00 to $152.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Finally, Citigroup boosted their price target on Prologis from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Sixteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Prologis currently has an average rating of “Moderate Buy” and an average target price of $149.76.

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.