Prologis, Inc. $PLD Shares Acquired by Crawford Investment Counsel Inc.

Crawford Investment Counsel Inc. grew its holdings in Prologis, Inc. (NYSE:PLD) by 3.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 145,967 shares of the real estate investment trust’s stock after buying an additional 5,128 shares during the period. Crawford Investment Counsel Inc.’s holdings in Prologis were worth $18,634,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of PLD. Norges Bank acquired a new position in Prologis during the 4th quarter worth about $1,589,125,000. Cardano Risk Management B.V. lifted its stake in Prologis by 999.3% during the 4th quarter. Cardano Risk Management B.V. now owns 11,228,730 shares of the real estate investment trust’s stock worth $1,433,460,000 after acquiring an additional 10,207,267 shares in the last quarter. Swedbank AB lifted its stake in 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 acquiring an additional 2,038,329 shares in the last quarter. Bessemer Group Inc. lifted its stake in Prologis by 8,000.9% during the 4th quarter. Bessemer Group Inc. now owns 1,595,963 shares of the real estate investment trust’s stock worth $203,741,000 after acquiring an additional 1,576,262 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in 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 acquiring an additional 1,258,407 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Price Performance

PLD stock opened at $146.08 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51. The firm has a market capitalization of $136.20 billion, a P/E ratio of 36.80, a P/E/G ratio of 3.27 and a beta of 1.32. The business’s 50-day moving average is $142.52 and its two-hundred day moving average is $135.85. Prologis, Inc. has a 1 year low of $103.41 and a 1 year high of $150.18.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.24. The company 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 quarter last year, the company earned $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Analysts anticipate that Prologis, Inc. will post 6.18 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The business 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 $1.07 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a yield of 2.9%. Prologis’s dividend payout ratio (DPR) is currently 107.81%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on PLD shares. Evercore set a $135.00 target price on Prologis in a research note on Friday, April 17th. JPMorgan Chase & Co. increased their target price on Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Truist Financial increased their target price on Prologis from $139.00 to $154.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. DA Davidson increased their target price on Prologis from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Finally, Bank of America increased their target price on Prologis from $153.00 to $162.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Sixteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Prologis currently has a consensus rating of “Moderate Buy” and an average 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.