NFJ Investment Group LLC Trims Holdings in Prologis, Inc. $PLD

NFJ Investment Group LLC decreased its position in shares of 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 fund owned 608,354 shares of the real estate investment trust’s stock after selling 93,529 shares during the quarter. Prologis comprises approximately 2.8% of NFJ Investment Group LLC’s investment portfolio, making the stock its 5th biggest holding. NFJ Investment Group LLC’s holdings in Prologis were worth $77,662,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of PLD. High Point Wealth Management LLC bought a new position in Prologis during the 4th quarter worth approximately $26,000. Ares Financial Consulting LLC bought a new position in Prologis during the 4th quarter worth approximately $26,000. Eagle Bay Advisors LLC bought a new position in Prologis during the 4th quarter worth approximately $27,000. SouthState Bank Corp boosted its stake in Prologis by 73.1% during the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 95 shares during the last quarter. Finally, Hilton Head Capital Partners LLC bought a new position in Prologis during the 4th quarter worth approximately $29,000. Institutional investors own 93.50% of the company’s stock.

Prologis Stock Performance

Shares of PLD opened at $148.49 on Friday. 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 twelve month low of $103.41 and a twelve month high of $149.70. The firm’s 50 day moving average price is $141.99 and its two-hundred day moving average price is $135.51. The firm has a market cap of $138.44 billion, a P/E ratio of 37.40, a PEG ratio of 3.27 and a beta of 1.32.

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 net margin of 41.54% and a return on equity of 6.47%. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the previous year, the firm posted $1.43 earnings per share. The business’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, analysts forecast that Prologis, Inc. will post 6.18 EPS for the current fiscal year.

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a $1.07 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a yield of 2.9%. Prologis’s payout ratio is presently 107.81%.

Analysts Set New Price Targets

Several research firms recently weighed in on PLD. The Goldman Sachs Group reissued a “neutral” rating and set a $157.00 price objective on shares of Prologis in a research note on Friday, April 17th. Wall Street Zen raised shares of Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Morgan Stanley lifted their price objective on shares of Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 26th. Argus lifted their price objective on shares of Prologis from $135.00 to $152.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Finally, Wells Fargo & Company lifted their price objective on shares of Prologis from $155.00 to $167.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Sixteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Prologis currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.86.

Prologis 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.