Nuveen LLC Has $1.62 Billion Stock Position in Prologis, Inc. $PLD

Nuveen LLC trimmed its stake in Prologis, Inc. (NYSE:PLD) by 0.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,679,939 shares of the real estate investment trust’s stock after selling 15,316 shares during the quarter. Nuveen LLC’s holdings in Prologis were worth $1,618,721,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Ares Financial Consulting LLC purchased a new stake in shares of Prologis in the fourth quarter worth approximately $26,000. High Point Wealth Management LLC purchased a new stake in shares of Prologis in the fourth quarter worth approximately $26,000. Eagle Bay Advisors LLC purchased a new stake in shares of Prologis in the fourth quarter worth approximately $27,000. SouthState Bank Corp lifted its position in shares of Prologis by 73.1% in the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 95 shares in the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new stake in shares of Prologis in the fourth quarter worth approximately $29,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on PLD shares. UBS Group increased their price target on shares of Prologis from $148.00 to $161.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Scotiabank raised their price objective on shares of Prologis from $146.00 to $154.00 and gave the company an “outperform” rating in a research report on Tuesday, April 21st. Wells Fargo & Company raised their price objective on shares of Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Weiss Ratings raised shares of Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Finally, DA Davidson raised their price objective on shares of Prologis from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Sixteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $151.86.

Prologis Trading Up 1.2%

NYSE:PLD opened at $147.49 on Friday. Prologis, Inc. has a 12 month low of $103.41 and a 12 month high of $148.46. The firm has a market cap of $137.51 billion, a price-to-earnings ratio of 37.15, a P/E/G ratio of 3.21 and a beta of 1.32. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.60. The company’s 50 day moving average is $141.69 and its 200-day moving average is $135.42.

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, topping the consensus estimate of $0.81 by $0.24. The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate 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 posted $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Equities analysts anticipate that Prologis, Inc. will post 6.18 EPS for the current year.

Prologis Announces Dividend

The firm 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 dividend of $1.07 per share. The ex-dividend date 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 currently 107.81%.

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.