First Trust Advisors LP Acquires 58,925 Shares of Prologis, Inc. $PLD

Key Points

• First Trust Advisors LP boosted its stake in Prologis (NYSE:PLD) by 25%, buying 58,925 shares to hold 295,087 shares valued at about $33.8 million after the third quarter.
• Institutional ownership is very high at 93.5%, with large moves including Norges Bank's new ~$1.29 billion stake, Franklin Resources raising its position to 10.05 million shares (~$1.06 billion), and State Street holding 58.64 million shares (~$6.16 billion).
• Analyst sentiment is positive (consensus “Moderate Buy”, target $137.20), while Prologis raised its quarterly dividend to $1.07 (3.2% yield) and set FY2026 EPS guidance of $6.00–$6.20 versus sell-side estimates of about $5.73.

First Trust Advisors LP increased its position in Prologis, Inc. (NYSE:PLD - Free Report) by 25.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 295,087 shares of the real estate investment trust's stock after purchasing an additional 58,925 shares during the quarter. First Trust Advisors LP's holdings in Prologis were worth $33,793,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Norges Bank bought a new stake in shares of Prologis in the 2nd quarter valued at about $1,288,936,000. Franklin Resources Inc. increased its stake in Prologis by 216.0% during the 2nd quarter. Franklin Resources Inc. now owns 10,050,843 shares of the real estate investment trust's stock valued at $1,056,545,000 after purchasing an additional 6,870,479 shares in the last quarter. State Street Corp raised its stake in Prologis by 1.9% in the 2nd quarter. State Street Corp now owns 58,640,842 shares of the real estate investment trust's stock worth $6,164,325,000 after acquiring an additional 1,088,544 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of Prologis by 30.3% during the third quarter. Federated Hermes Inc. now owns 4,256,236 shares of the real estate investment trust's stock worth $487,424,000 after purchasing an additional 988,986 shares during the period. Finally, Mondrian Investment Partners LTD purchased a new stake in shares of Prologis in the 3rd quarter valued at $112,141,000. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on PLD. BTIG Research boosted their target price on shares of Prologis from $134.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, December 31st. Evercore lifted their target price on shares of Prologis from $118.00 to $121.00 and gave the stock an "in-line" rating in a research note on Thursday, January 22nd. Royal Bank Of Canada upped their price target on Prologis from $132.00 to $135.00 and gave the company a "sector perform" rating in a research report on Monday, February 2nd. Argus boosted their target price 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, Barclays reiterated an "overweight" rating and set a $139.00 price target on shares of Prologis in a research report on Tuesday, January 13th. Fourteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, Prologis has a consensus rating of "Moderate Buy" and a consensus target price of $137.20.

Prologis Stock Down 1.9%

Shares of NYSE:PLD opened at $131.78 on Friday. The firm has a fifty day moving average price of $134.45 and a 200 day moving average price of $126.02. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $143.95. The stock has a market cap of $122.50 billion, a P/E ratio of 37.12, a P/E/G ratio of 3.18 and a beta of 1.41. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.58 and a quick ratio of 0.58.

Prologis (NYSE:PLD - Get Free Report) last issued its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.44. The business had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.09 billion. Prologis had a net margin of 37.86% and a return on equity of 5.79%. The business's revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.42 earnings per share. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Sell-side analysts predict that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a dividend of $1.07 per share. The ex-dividend date is Tuesday, March 17th. This represents a $4.28 annualized dividend 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 presently 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.

Want to see what other hedge funds are holding PLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Prologis, Inc. (NYSE:PLD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.