Burling Wealth Partners LLC Purchases 8,641 Shares of Prologis, Inc. $PLD

Burling Wealth Partners LLC increased its position in shares of Prologis, Inc. (NYSE:PLD) by 28.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,465 shares of the real estate investment trust’s stock after purchasing an additional 8,641 shares during the period. Burling Wealth Partners LLC’s holdings in Prologis were worth $5,038,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Ares Financial Consulting LLC bought a new stake in shares of Prologis during the fourth quarter valued at approximately $26,000. High Point Wealth Management LLC bought a new stake in shares of Prologis during the fourth quarter valued at approximately $26,000. Eagle Bay Advisors LLC bought a new stake in shares of Prologis during the fourth quarter valued at approximately $27,000. High Note Wealth LLC increased its position in shares of Prologis by 43.9% during the fourth quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 76 shares during the period. Finally, True Wealth Design LLC increased its position in shares of Prologis by 87.1% during the fourth quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 122 shares during the period. 93.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PLD. Robert W. Baird boosted their price objective on Prologis from $133.00 to $136.00 and gave the company a “neutral” rating in a research report on Friday, April 17th. Argus boosted their price objective on Prologis from $135.00 to $152.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Evercore set a $135.00 price objective on Prologis in a research report on Friday, April 17th. Scotiabank boosted their price objective on Prologis from $146.00 to $154.00 and gave the company an “outperform” rating in a research report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. upped their price target on Prologis from $141.00 to $157.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Sixteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $149.76.

Prologis Stock Performance

Shares of NYSE:PLD opened at $144.44 on Thursday. The business’s fifty day moving average price is $137.45 and its two-hundred day moving average price is $133.12. Prologis, Inc. has a fifty-two week low of $103.02 and a fifty-two week high of $145.44. The stock has a market capitalization of $134.67 billion, a price-to-earnings ratio of 36.38, a price-to-earnings-growth ratio of 3.14 and a beta of 1.33. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.24. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The firm had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.12 billion. During the same period in the prior year, the business posted $1.43 earnings per share. The business’s revenue was up 6.9% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, analysts predict that Prologis, Inc. will post 6.17 EPS for the current fiscal year.

Prologis Dividend Announcement

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 paid a $1.07 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.0%. Prologis’s dividend payout ratio (DPR) 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.