Truist Financial Corp Has $42.77 Million Stock Position in Prologis, Inc. $PLD

Key Points

• Truist Financial Corp increased its holding in Prologis by 2.2% to 335,022 shares, valuing its stake at about $42.77 million at the end of the quarter.
• Prologis beat Q1 estimates (EPS $1.05 vs. $0.81; revenue $2.30B vs. $2.12B), issued FY2026 EPS guidance of 6.07–6.23, and has a consensus analyst rating of “Moderate Buy” with a $147.90 average price target as several firms raised their targets.
• The company announced a quarterly dividend of $1.07 (annualized $4.28) for a ~3.1% yield, with an ex-dividend/record/pay date sequence of June 16/16/30.

Truist Financial Corp increased its stake in Prologis, Inc. (NYSE:PLD - Free Report) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 335,022 shares of the real estate investment trust's stock after acquiring an additional 7,359 shares during the quarter. Truist Financial Corp's holdings in Prologis were worth $42,769,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Avidian Wealth Enterprises LLC lifted its stake in shares of Prologis by 16.2% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 2,256 shares of the real estate investment trust's stock worth $288,000 after acquiring an additional 315 shares during the period. Advisors Preferred LLC acquired a new position in shares of Prologis in the fourth quarter worth approximately $2,754,000. Intact Investment Management Inc. boosted its stake in shares of Prologis by 64.4% in the 4th quarter. Intact Investment Management Inc. now owns 21,700 shares of the real estate investment trust's stock valued at $2,770,000 after purchasing an additional 8,500 shares during the last quarter. Pittenger & Anderson Inc. boosted its stake in shares of Prologis by 10.5% in the 4th quarter. Pittenger & Anderson Inc. now owns 1,416 shares of the real estate investment trust's stock valued at $181,000 after purchasing an additional 135 shares during the last quarter. Finally, Balentine LLC boosted its stake in shares of Prologis by 19.9% in the 4th quarter. Balentine LLC now owns 2,895 shares of the real estate investment trust's stock valued at $370,000 after purchasing an additional 481 shares during the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PLD. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $157.00 price objective on shares of Prologis in a research note on Friday, April 17th. Barclays reaffirmed an "overweight" rating and issued a $139.00 price objective on shares of Prologis in a research note on Tuesday, January 13th. Citigroup upped their price objective on shares of Prologis from $145.00 to $165.00 and gave the company a "buy" rating in a research note on Tuesday, April 21st. Argus upped their price objective on shares of Prologis from $135.00 to $152.00 and gave the company a "buy" rating in a research note on Friday, April 17th. Finally, Bank of America upped their price objective on shares of Prologis from $153.00 to $162.00 and gave the company a "buy" rating in a research note on Monday, April 20th. Fifteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $147.90.

Prologis Stock Up 1.1%

Shares of NYSE PLD opened at $140.27 on Wednesday. The firm has a market cap of $130.78 billion, a PE ratio of 35.33, a P/E/G ratio of 3.06 and a beta of 1.33. Prologis, Inc. has a 12-month low of $103.02 and a 12-month high of $145.44. The company's fifty day simple moving average is $136.75 and its 200 day simple moving average is $131.76. The company has a quick ratio of 0.51, a current 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 (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.24. The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.47%. Prologis's revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, sell-side analysts forecast that Prologis, Inc. will post 6.17 earnings per share for the current fiscal year.

Prologis Announces Dividend

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

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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