TIAA Trust National Association Increases Stake in Prologis, Inc. $PLD

TIAA Trust National Association boosted its stake in Prologis, Inc. (NYSE:PLD) by 1,606.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 136,515 shares of the real estate investment trust’s stock after purchasing an additional 128,514 shares during the quarter. TIAA Trust National Association’s holdings in Prologis were worth $15,634,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of PLD. Clayton Financial Group LLC purchased a new stake in shares of Prologis during the 3rd quarter valued at $26,000. Silver Oak Securities Incorporated acquired a new stake in Prologis during the third quarter worth about $36,000. Rossby Financial LCC increased its stake 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. AlphaQuest LLC purchased a new position in shares of Prologis in the 3rd quarter worth about $39,000. Finally, Clear Investment Research LLC lifted its stake in shares of Prologis by 34.5% in the 3rd 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. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Insiders Place Their Bets

In other news, Director Cristina Gabriela Bita sold 621 shares of Prologis stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $127.60, for a total value of $79,239.60. Following the completion of the transaction, the director owned 8,208 shares in the company, valued at approximately $1,047,340.80. This trade represents a 7.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.57% of the stock is currently owned by corporate insiders.

Prologis Stock Down 0.2%

PLD stock opened at $142.44 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.61. The firm has a 50 day simple moving average of $132.89 and a 200-day simple moving average of $124.20. The company has a market capitalization of $132.41 billion, a P/E ratio of 40.12, a PEG ratio of 3.53 and a beta of 1.42. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $143.95.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, meeting analysts’ consensus estimates of $1.44. The firm 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 firm’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.42 EPS. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. On average, equities research analysts predict that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Increases Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Wall Street Zen lowered shares of Prologis from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. UBS Group upped their price target on shares of Prologis from $144.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Royal Bank Of Canada raised their price objective on Prologis from $132.00 to $135.00 and gave the company a “sector perform” rating in a research report on Monday, February 2nd. BNP Paribas Exane increased their target price on Prologis from $129.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Finally, Scotiabank upgraded Prologis from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $133.00 to $146.00 in a report on Wednesday, January 14th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $136.95.

Prologis Company 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.