Bailard Inc. Sells 8,496 Shares of Prologis, Inc. $PLD

Bailard Inc. lowered its position in shares of Prologis, Inc. (NYSE:PLD) by 8.7% during the fourth quarter, HoldingsChannel reports. The fund owned 88,954 shares of the real estate investment trust’s stock after selling 8,496 shares during the quarter. Bailard Inc.’s holdings in Prologis were worth $11,356,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PLD. Brighton Jones LLC grew its position in Prologis by 629.0% during the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock worth $1,847,000 after acquiring an additional 15,078 shares during the last quarter. Schnieders Capital Management LLC. grew its position in Prologis by 45.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock worth $1,128,000 after acquiring an additional 3,350 shares during the last quarter. Walleye Capital LLC bought a new stake in Prologis during the 2nd quarter worth $422,000. NewEdge Advisors LLC grew its position in Prologis by 6.8% during the 2nd quarter. NewEdge Advisors LLC now owns 63,829 shares of the real estate investment trust’s stock worth $6,710,000 after acquiring an additional 4,074 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its position in Prologis by 2.4% during the 2nd quarter. Treasurer of the State of North Carolina now owns 433,312 shares of the real estate investment trust’s stock worth $45,550,000 after acquiring an additional 10,266 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Morgan Stanley set a $135.00 price objective on Prologis in a research report on Friday, January 16th. Argus boosted their price objective on Prologis from $135.00 to $152.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Jefferies Financial Group reduced their price objective on Prologis from $157.00 to $155.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. DA Davidson boosted their price objective on Prologis from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Finally, UBS Group upped their price target on Prologis from $148.00 to $161.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Sixteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.76.

Prologis Stock Up 0.0%

Shares of NYSE:PLD opened at $144.12 on Tuesday. The company has a market capitalization of $134.37 billion, a price-to-earnings ratio of 36.30, a P/E/G ratio of 3.17 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. The business’s 50-day moving average is $136.94 and its 200-day moving average is $132.28. Prologis, Inc. has a 1 year low of $103.02 and a 1 year high of $145.44.

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

Prologis Announces Dividend

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