Prologis, Inc. $PLD Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lowered its position in Prologis, Inc. (NYSE:PLD) by 3.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 474,191 shares of the real estate investment trust’s stock after selling 16,490 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Prologis were worth $54,304,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Clayton Financial Group LLC acquired a new stake in Prologis in the 3rd quarter valued at about $26,000. Silver Oak Securities Incorporated purchased a new position in Prologis during the 3rd quarter valued at about $36,000. Rossby Financial LCC raised its position in Prologis by 69.6% during the third quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 135 shares during the last quarter. Dogwood Wealth Management LLC raised its position in Prologis by 87.3% during the third quarter. Dogwood Wealth Management LLC now owns 339 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 158 shares during the last quarter. Finally, Clear Investment Research LLC lifted its holdings in shares of Prologis by 34.5% in the third quarter. Clear Investment Research LLC now owns 343 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 88 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. BTIG Research increased their price target on shares of Prologis from $134.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, December 31st. Scotiabank upgraded Prologis from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $133.00 to $146.00 in a research report on Wednesday, January 14th. Robert W. Baird reaffirmed a “neutral” rating and issued a $130.00 target price (up from $128.00) on shares of Prologis in a research note on Thursday, January 8th. Evercore increased their target price on Prologis from $118.00 to $121.00 and gave the company an “in-line” rating in a report on Thursday, January 22nd. Finally, Morgan Stanley set a $135.00 price target on Prologis in a report on Friday, January 16th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $137.20.

Prologis Stock Performance

NYSE:PLD opened at $131.73 on Monday. The firm has a 50 day simple moving average of $134.50 and a 200-day simple moving average of $126.36. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.58 and a quick ratio of 0.58. The firm has a market cap of $122.45 billion, a PE ratio of 37.11, a P/E/G ratio of 3.12 and a beta of 1.41. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $143.95.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.44. The business had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.09 billion. Prologis had a net margin of 37.86% and a return on equity of 5.79%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.42 earnings per share. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. On average, equities analysts expect 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. Stockholders of record on Tuesday, March 17th will be issued a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 3.2%. This is a positive change from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date is Tuesday, March 17th. Prologis’s payout ratio is 113.80%.

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.