Burling Wealth Partners LLC Acquires 7,711 Shares of Prologis, Inc. $PLD

Burling Wealth Partners LLC boosted its stake in Prologis, Inc. (NYSE:PLD) by 33.4% in the third quarter, HoldingsChannel.com reports. The firm owned 30,824 shares of the real estate investment trust’s stock after buying an additional 7,711 shares during the period. Burling Wealth Partners LLC’s holdings in Prologis were worth $3,530,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Clayton Financial Group LLC bought a new position in shares of Prologis during the third quarter worth about $26,000. Silver Oak Securities Incorporated acquired a new stake in Prologis during the 3rd quarter valued at approximately $36,000. Clear Investment Research LLC increased its position in Prologis by 34.5% during the 3rd quarter. Clear Investment Research LLC now owns 343 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 88 shares during the period. AlphaQuest LLC bought a new position in Prologis during the 3rd quarter worth approximately $39,000. Finally, SJS Investment Consulting Inc. acquired a new position in shares of Prologis in the 3rd quarter worth approximately $44,000. 93.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Cristina Gabriela Bita sold 621 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $127.60, for a total transaction of $79,239.60. Following the transaction, the director directly owned 8,208 shares of the company’s stock, valued at $1,047,340.80. This trade represents a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.57% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently commented on PLD. Barclays restated an “overweight” rating and set a $139.00 target price on shares of Prologis in a research report on Tuesday, January 13th. Wall Street Zen downgraded shares of Prologis from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. Scotiabank raised shares of Prologis from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $133.00 to $146.00 in a research report on Wednesday, January 14th. Argus upped their price target on Prologis from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Finally, Truist Financial reduced their price objective on Prologis from $142.00 to $139.00 and set a “buy” rating for the company in a research note on Monday, January 26th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $135.89.

Prologis Price Performance

PLD stock opened at $139.66 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 0.58. The business has a 50-day simple moving average of $131.20 and a two-hundred day simple moving average of $122.60. The company has a market capitalization of $129.83 billion, a P/E ratio of 39.34, a price-to-earnings-growth ratio of 3.51 and a beta of 1.42. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $141.95.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, hitting the consensus estimate of $1.44. The firm had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.09 billion. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.42 earnings per share. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Research analysts expect that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a dividend of $1.07 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $4.28 dividend on an annualized basis and a yield of 3.1%. This is a positive change 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.