US Bancorp DE Sells 40,476 Shares of Prologis, Inc. $PLD

US Bancorp DE reduced its stake in Prologis, Inc. (NYSE:PLD) by 6.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 594,671 shares of the real estate investment trust’s stock after selling 40,476 shares during the quarter. US Bancorp DE’s holdings in Prologis were worth $68,102,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of PLD. Vanguard Group Inc. grew its holdings in shares of Prologis by 0.3% during the third quarter. Vanguard Group Inc. now owns 122,064,883 shares of the real estate investment trust’s stock valued at $13,978,870,000 after buying an additional 323,551 shares during the last quarter. State Street Corp lifted its position in Prologis by 1.9% during 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 purchasing an additional 1,088,544 shares during the period. Geode Capital Management LLC boosted its holdings in Prologis by 1.4% in the second quarter. Geode Capital Management LLC now owns 22,416,833 shares of the real estate investment trust’s stock worth $2,345,922,000 after purchasing an additional 310,333 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Prologis by 1.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,506,899 shares of the real estate investment trust’s stock worth $1,735,205,000 after purchasing an additional 253,338 shares during the period. Finally, Norges Bank bought a new stake in Prologis in the 2nd quarter worth approximately $1,288,936,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Prologis

In other Prologis news, Director Cristina Gabriela Bita sold 621 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $127.60, for a total transaction of $79,239.60. Following the completion of the transaction, the director owned 8,208 shares of the company’s stock, valued at $1,047,340.80. This represents a 7.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.57% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on PLD shares. BMO Capital Markets reissued a “market perform” rating and set a $123.00 price target on shares of Prologis in a report on Thursday, January 22nd. Scotiabank raised Prologis from a “sector perform” rating to a “sector outperform” rating and increased their target price for the company from $133.00 to $146.00 in a report on Wednesday, January 14th. Argus boosted their price target on Prologis from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Evercore upped their price target on shares of Prologis from $118.00 to $121.00 and gave the company an “in-line” rating in a research report on Thursday, January 22nd. Finally, BTIG Research increased their price objective on shares of Prologis from $134.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, December 31st. Fourteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $136.95.

Prologis Stock Up 1.9%

NYSE PLD opened at $142.63 on Friday. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $142.85. 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 stock has a market cap of $132.58 billion, a PE ratio of 40.18, a P/E/G ratio of 3.46 and a beta of 1.42. The stock’s 50 day moving average is $132.59 and its 200 day moving average is $123.93.

Prologis (NYSE:PLD) last released 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. Prologis had a net margin of 37.86% and a return on equity of 5.79%. The firm had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter last year, the business posted $1.42 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Research analysts predict that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Increases Dividend

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

About Prologis

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.