Nuveen LLC Decreases Stock Holdings in Prologis, Inc. $PLD

Nuveen LLC reduced its holdings in shares of Prologis, Inc. (NYSE:PLD) by 0.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,679,939 shares of the real estate investment trust’s stock after selling 15,316 shares during the quarter. Nuveen LLC owned 1.37% of Prologis worth $1,618,721,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in PLD. Xponance LLC raised its holdings in Prologis by 6.1% in the fourth quarter. Xponance LLC now owns 145,130 shares of the real estate investment trust’s stock valued at $18,527,000 after acquiring an additional 8,290 shares in the last quarter. Canopy Partners LLC raised its holdings in Prologis by 13.1% in the fourth quarter. Canopy Partners LLC now owns 3,047 shares of the real estate investment trust’s stock valued at $389,000 after acquiring an additional 354 shares in the last quarter. Centersquare Investment Management LLC raised its holdings in Prologis by 1.1% in the fourth quarter. Centersquare Investment Management LLC now owns 6,599,019 shares of the real estate investment trust’s stock valued at $842,431,000 after acquiring an additional 73,925 shares in the last quarter. Keel Point LLC raised its holdings in Prologis by 9.1% in the fourth quarter. Keel Point LLC now owns 3,785 shares of the real estate investment trust’s stock valued at $483,000 after acquiring an additional 315 shares in the last quarter. Finally, IFM Investors Pty Ltd raised its holdings in Prologis by 1.3% in the fourth quarter. IFM Investors Pty Ltd now owns 328,900 shares of the real estate investment trust’s stock valued at $41,987,000 after acquiring an additional 4,361 shares in the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on PLD shares. Jefferies Financial Group cut their price target on shares of Prologis from $157.00 to $155.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. BTIG Research reaffirmed a “buy” rating and issued a $155.00 price target on shares of Prologis in a report on Wednesday, April 15th. Bank of America upped their price target on shares of Prologis from $153.00 to $162.00 and gave the company a “buy” rating in a report on Monday, April 20th. DA Davidson upped their price target on shares of Prologis from $140.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Finally, Weiss Ratings raised shares of Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 1st. Sixteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $151.86.

Prologis Stock Up 1.2%

Prologis stock opened at $147.49 on Friday. The company has a 50-day simple moving average of $141.69 and a 200-day simple moving average of $135.42. The firm has a market capitalization of $137.51 billion, a P/E ratio of 37.15, a P/E/G ratio of 3.21 and a beta of 1.32. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51. Prologis, Inc. has a one year low of $103.41 and a one year high of $148.46.

Prologis (NYSE:PLD) last released its 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. The firm had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.47%. Prologis’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the company earned $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, equities analysts expect that Prologis, Inc. will post 6.18 earnings per share for the current year.

Prologis Dividend Announcement

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