NFJ Investment Group LLC Sells 93,529 Shares of Prologis, Inc. $PLD

NFJ Investment Group LLC reduced its holdings in Prologis, Inc. (NYSE:PLD) by 13.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 608,354 shares of the real estate investment trust’s stock after selling 93,529 shares during the quarter. Prologis makes up approximately 2.8% of NFJ Investment Group LLC’s holdings, making the stock its 5th largest holding. NFJ Investment Group LLC owned about 0.07% of Prologis worth $77,662,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of PLD. Ares Financial Consulting LLC acquired a new stake in Prologis in the 4th quarter valued at about $26,000. High Point Wealth Management LLC acquired a new stake in Prologis in the 4th quarter valued at about $26,000. Eagle Bay Advisors LLC acquired a new stake in Prologis in the 4th quarter valued at about $27,000. SouthState Bank Corp increased its position in Prologis by 73.1% in the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 95 shares in the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new stake in Prologis in the 4th quarter valued at about $29,000. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Stock Up 0.9%

Shares of NYSE:PLD opened at $148.49 on Friday. Prologis, Inc. has a one year low of $103.41 and a one year high of $149.70. The company has a 50 day moving average of $141.99 and a 200-day moving average of $135.51. 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 stock has a market cap of $138.44 billion, a price-to-earnings ratio of 37.40, a P/E/G ratio of 3.27 and a beta of 1.32.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, topping the consensus estimate of $0.81 by $0.24. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same quarter in the previous year, the company earned $1.43 EPS. Prologis’s revenue was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, sell-side 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 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 payout ratio is currently 107.81%.

Analyst Upgrades and Downgrades

PLD has been the subject of several research reports. BMO Capital Markets upgraded shares of Prologis from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $137.00 to $162.00 in a research report on Thursday, May 7th. BNP Paribas Exane raised their price objective on shares of Prologis from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Evercore set a $135.00 price objective on shares of Prologis in a research report on Friday, April 17th. Royal Bank Of Canada raised their price objective on shares of Prologis from $135.00 to $148.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 28th. Finally, Argus raised their price objective on shares of Prologis from $135.00 to $152.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Sixteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $151.86.

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.