Inspire Trust Co. N.A. Buys 6,500 Shares of Prologis, Inc. $PLD

Inspire Trust Co. N.A. grew its stake in shares of Prologis, Inc. (NYSE:PLDFree Report) by 14.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,500 shares of the real estate investment trust’s stock after purchasing an additional 6,500 shares during the quarter. Prologis comprises about 1.1% of Inspire Trust Co. N.A.’s portfolio, making the stock its 27th biggest holding. Inspire Trust Co. N.A.’s holdings in Prologis were worth $6,012,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Brighton Jones LLC raised its position in Prologis by 629.0% during the fourth quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock worth $1,847,000 after acquiring an additional 15,078 shares in the last quarter. Schnieders Capital Management LLC. increased its stake in shares of Prologis by 45.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock worth $1,128,000 after purchasing an additional 3,350 shares during the last quarter. Freedom Investment Management Inc. raised its holdings in shares of Prologis by 3.2% in the 2nd quarter. Freedom Investment Management Inc. now owns 7,955 shares of the real estate investment trust’s stock valued at $836,000 after purchasing an additional 245 shares during the period. Strategic Blueprint LLC lifted its stake in Prologis by 17.6% in the 2nd quarter. Strategic Blueprint LLC now owns 2,206 shares of the real estate investment trust’s stock valued at $232,000 after purchasing an additional 330 shares during the last quarter. Finally, AG2R LA Mondiale Gestion D Actifs grew its holdings in Prologis by 2.9% during the second quarter. AG2R LA Mondiale Gestion D Actifs now owns 35,910 shares of the real estate investment trust’s stock worth $3,775,000 after purchasing an additional 1,009 shares during the period. Institutional investors own 93.50% of the company’s stock.

Trending Headlines about Prologis

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Insider Activity

In other Prologis news, Director Cristina Gabriela Bita sold 621 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $127.60, for a total transaction of $79,239.60. Following the transaction, the director owned 8,208 shares in the company, valued at $1,047,340.80. This represents a 7.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.57% of the stock is currently owned by insiders.

Prologis Stock Performance

Shares of NYSE PLD opened at $141.41 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.58 and a quick ratio of 0.64. The firm has a market cap of $131.45 billion, a price-to-earnings ratio of 39.83, a P/E/G ratio of 3.50 and a beta of 1.42. The stock’s fifty day moving average price is $131.59 and its two-hundred day moving average price is $123.08. Prologis, Inc. has a one year low of $85.35 and a one year high of $141.95.

Prologis (NYSE:PLDGet Free Report) last posted its earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.44. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The company had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter last year, the firm earned $1.42 earnings per share. The company’s revenue was up 7.8% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. On average, equities analysts forecast that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a $1.07 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $4.28 dividend on an annualized basis and a yield of 3.0%. This is an increase from Prologis’s previous quarterly dividend of $1.01. Prologis’s payout ratio is presently 113.80%.

Wall Street Analysts Forecast Growth

PLD has been the topic of several research analyst reports. BTIG Research upped their price objective on Prologis from $134.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, December 31st. The Goldman Sachs Group increased their price target on Prologis from $137.00 to $148.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. Robert W. Baird reaffirmed a “neutral” rating and set a $130.00 price objective (up from $128.00) on shares of Prologis in a research report on Thursday, January 8th. Argus upped their price objective on shares of Prologis from $128.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Finally, Wells Fargo & Company increased their price objective on shares of Prologis from $120.00 to $139.00 and gave the company an “overweight” rating in a research report on Monday, October 27th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $136.95.

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Prologis Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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