Chevy Chase Trust Holdings LLC Cuts Stock Position in Prologis, Inc. $PLD

Chevy Chase Trust Holdings LLC cut its stake in shares of Prologis, Inc. (NYSE:PLD) by 3.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 owned 0.05% of Prologis worth $54,304,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PLD. Vanguard Group Inc. raised its position in Prologis by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 122,064,883 shares of the real estate investment trust’s stock worth $13,978,870,000 after buying an additional 323,551 shares during the last quarter. State Street Corp boosted its holdings in shares of Prologis by 1.9% in the second quarter. State Street Corp now owns 58,640,842 shares of the real estate investment trust’s stock valued at $6,164,325,000 after acquiring an additional 1,088,544 shares in the last quarter. Norges Bank purchased a new stake in shares of Prologis in the second quarter valued at about $1,288,936,000. Charles Schwab Investment Management Inc. increased its stake in shares of Prologis by 3.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 10,875,240 shares of the real estate investment trust’s stock worth $1,143,205,000 after acquiring an additional 379,308 shares during the period. Finally, Legal & General Group Plc increased its stake in shares of Prologis by 3.2% during the second quarter. Legal & General Group Plc now owns 10,862,529 shares of the real estate investment trust’s stock worth $1,141,869,000 after acquiring an additional 332,311 shares during the period. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PLD. Mizuho raised their price objective on shares of Prologis from $138.00 to $143.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Prologis in a research report on Monday, December 29th. UBS Group increased their target price on Prologis from $144.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Barclays reissued an “overweight” rating and issued a $139.00 price target on shares of Prologis in a report on Tuesday, January 13th. Finally, Scotiabank upgraded Prologis from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $133.00 to $146.00 in a research note on Wednesday, January 14th. Fourteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $137.20.

Prologis Stock Down 0.1%

PLD stock opened at $131.73 on Monday. 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 company’s 50-day moving average price is $134.50 and its 200 day moving average price is $126.36. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $143.95. The company has a market cap of $122.45 billion, a P/E ratio of 37.11, a P/E/G ratio of 3.12 and a beta of 1.41.

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

Prologis Increases Dividend

The company also recently declared 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. The ex-dividend date is Tuesday, March 17th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.2%. This is an increase from Prologis’s previous quarterly dividend of $1.01. Prologis’s payout ratio is currently 113.80%.

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.