Crawford Investment Counsel Inc. Raises Holdings in Prologis, Inc. $PLD

Crawford Investment Counsel Inc. increased its position in shares of Prologis, Inc. (NYSE:PLD) by 3.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 145,967 shares of the real estate investment trust’s stock after purchasing an additional 5,128 shares during the quarter. Crawford Investment Counsel Inc.’s holdings in Prologis were worth $18,634,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. High Point Wealth Management LLC purchased a new stake in shares of Prologis during the fourth quarter worth approximately $26,000. Ares Financial Consulting LLC purchased a new stake in shares of Prologis during the fourth quarter worth approximately $26,000. Eagle Bay Advisors LLC purchased a new stake in shares of Prologis during the fourth quarter worth approximately $27,000. SouthState Bank Corp increased its position in shares of Prologis by 73.1% during the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 95 shares in the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new stake in shares of Prologis during the fourth quarter worth approximately $29,000. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on PLD. Wall Street Zen raised Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. BTIG Research reissued a “buy” rating and set a $155.00 price objective on shares of Prologis in a research note on Wednesday, April 15th. Royal Bank Of Canada boosted their price objective on Prologis from $135.00 to $148.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 28th. BMO Capital Markets raised Prologis from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $137.00 to $162.00 in a research note on Thursday, May 7th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $157.00 price objective on shares of Prologis in a research note on Friday, April 17th. Sixteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $151.86.

Prologis Stock Performance

Shares of Prologis stock opened at $146.08 on Wednesday. Prologis, Inc. has a 52 week low of $103.41 and a 52 week high of $150.18. The business’s fifty day simple moving average is $142.52 and its 200-day simple moving average is $135.85. The firm has a market cap of $136.20 billion, a PE ratio of 36.80, a price-to-earnings-growth ratio of 3.27 and a beta of 1.32. 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) last announced its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, beating the consensus estimate of $0.81 by $0.24. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the prior year, the company posted $1.43 EPS. The company’s quarterly revenue was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Equities analysts forecast that Prologis, Inc. will post 6.18 earnings per share for the current year.

Prologis Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s dividend payout ratio is 107.81%.

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.