M&T Bank Corp Buys 87,095 Shares of Prologis, Inc. $PLD

Key Points

• M&T Bank Corp raised its stake in Prologis by 212.6%, buying 87,095 shares to own 128,063 shares worth about $16.35 million at the end of the quarter.
• Prologis beat Q1 estimates, reporting $1.05 EPS vs. $0.81 expected and $2.30B revenue vs. $2.12B expected, and set FY2026 guidance of 6.07–6.23 EPS (consensus ~6.17).
• Dividend announced: Prologis declared a quarterly dividend of $1.07 ($4.28 annualized) for a ~3.1% yield, with the ex-dividend date and record date in mid‑June and payment on June 30.

M&T Bank Corp raised its stake in Prologis, Inc. (NYSE:PLD - Free Report) by 212.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 128,063 shares of the real estate investment trust's stock after buying an additional 87,095 shares during the quarter. M&T Bank Corp's holdings in Prologis were worth $16,349,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. High Point Wealth Management LLC bought a new position in Prologis in the fourth quarter valued at approximately $26,000. Eagle Bay Advisors LLC bought a new position in Prologis in the fourth quarter valued at approximately $27,000. True Wealth Design LLC lifted its stake in Prologis by 87.1% in the fourth quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 122 shares in the last quarter. Silver Oak Securities Incorporated bought a new position in Prologis in the third quarter valued at approximately $36,000. Finally, Rossby Financial LCC lifted its stake in Prologis by 69.6% in the third quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust's stock valued at $38,000 after buying an additional 135 shares in the last quarter. Institutional investors own 93.50% of the company's stock.

Prologis Price Performance

Shares of PLD opened at $138.73 on Tuesday. The company has a market cap of $129.33 billion, a price-to-earnings ratio of 34.94, a PEG ratio of 3.12 and a beta of 1.33. Prologis, Inc. has a 1-year low of $103.02 and a 1-year high of $145.44. The company's fifty day simple moving average is $136.77 and its 200 day simple moving average is $131.63. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60.

Prologis (NYSE:PLD - Get Free Report) last issued its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.24. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the previous year, the company earned $1.43 earnings per share. The firm's revenue for the quarter was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, research analysts forecast that Prologis, Inc. will post 6.17 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis's payout ratio is 107.81%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Bank of America lifted their price objective on shares of Prologis from $153.00 to $162.00 and gave the company a "buy" rating in a report on Monday, April 20th. Jefferies Financial Group lowered their price objective on shares of Prologis from $157.00 to $155.00 and set a "buy" rating on the stock in a report on Tuesday, April 14th. Wall Street Zen downgraded shares of Prologis from a "hold" rating to a "sell" rating in a report on Sunday, April 26th. BNP Paribas Exane lifted their price objective on shares of Prologis from $140.00 to $150.00 and gave the company an "outperform" rating in a report on Friday, April 17th. Finally, Truist Financial lifted their price objective on shares of Prologis from $139.00 to $154.00 and gave the company a "buy" rating in a report on Friday, April 24th. Fifteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $147.90.

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.

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