Cullen Frost Bankers Inc. Has $12.99 Million Position in Prologis, Inc. $PLD

Cullen Frost Bankers Inc. raised its stake in Prologis, Inc. (NYSE:PLD) by 46.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,732 shares of the real estate investment trust’s stock after buying an additional 32,410 shares during the period. Cullen Frost Bankers Inc.’s holdings in Prologis were worth $12,987,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. High Point Wealth Management LLC bought a new stake in Prologis during the 4th quarter worth $26,000. Ares Financial Consulting LLC acquired a new stake in shares of Prologis during the fourth quarter valued at about $26,000. Eagle Bay Advisors LLC bought a new stake in shares of Prologis during the fourth quarter worth about $27,000. High Note Wealth LLC increased its stake in shares of Prologis by 43.9% in the fourth quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 76 shares during the period. Finally, True Wealth Design LLC increased its stake in shares of 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 during the period. Institutional investors own 93.50% of the company’s stock.

Analysts Set New Price Targets

PLD has been the subject of several recent research reports. BMO Capital Markets upgraded shares of Prologis from a “market perform” rating to an “outperform” rating and upped their price target for the company from $137.00 to $162.00 in a research report on Thursday, May 7th. Royal Bank Of Canada lifted their price target on shares of Prologis from $135.00 to $148.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 28th. UBS Group increased their price objective on Prologis from $148.00 to $161.00 and gave the company a “buy” rating in a report on Friday, April 17th. Robert W. Baird raised their target price on Prologis from $133.00 to $136.00 and gave the stock a “neutral” rating in a research report on Friday, April 17th. Finally, Argus lifted their target price on Prologis from $135.00 to $152.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Sixteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $149.76.

Prologis Price Performance

PLD stock opened at $144.44 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51. The company’s 50-day moving average is $137.45 and its 200-day moving average is $133.12. The stock has a market capitalization of $134.67 billion, a PE ratio of 36.38, a price-to-earnings-growth ratio of 3.14 and a beta of 1.33. Prologis, Inc. has a 1 year low of $103.02 and a 1 year high of $145.44.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.24. The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm posted $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Equities research analysts expect that Prologis, Inc. will post 6.17 EPS for the current fiscal year.

Prologis Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a $1.07 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $4.28 annualized dividend and a dividend yield of 3.0%. Prologis’s dividend payout ratio is currently 107.81%.

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.