Prologis, Inc. $PLD Shares Bought by MML Investors Services LLC

MML Investors Services LLC raised its stake in Prologis, Inc. (NYSE:PLD) by 11.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 465,643 shares of the real estate investment trust’s stock after purchasing an additional 48,710 shares during the quarter. MML Investors Services LLC’s holdings in Prologis were worth $59,444,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Prologis by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock valued at $15,743,451,000 after buying an additional 1,258,407 shares during the last quarter. Geode Capital Management LLC lifted its position in Prologis by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 23,012,940 shares of the real estate investment trust’s stock valued at $2,925,791,000 after buying an additional 339,906 shares during the last quarter. Capital Research Global Investors lifted its position in Prologis by 4.4% in the fourth quarter. Capital Research Global Investors now owns 16,061,390 shares of the real estate investment trust’s stock valued at $2,050,397,000 after buying an additional 678,363 shares during the last quarter. Norges Bank acquired a new position in Prologis in the fourth quarter valued at about $1,589,125,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Prologis by 4.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,639,644 shares of the real estate investment trust’s stock valued at $1,485,917,000 after buying an additional 516,765 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on PLD. Jefferies Financial Group reduced their price target on shares of Prologis from $157.00 to $155.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. The Goldman Sachs Group reissued a “neutral” rating and set a $157.00 price target on shares of Prologis in a research report on Friday, April 17th. BTIG Research reissued a “buy” rating and set a $155.00 price target on shares of Prologis in a research report on Wednesday, April 15th. Morgan Stanley increased their price target on shares of Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. Finally, Robert W. Baird increased their price target on shares of Prologis from $133.00 to $136.00 and gave the stock a “neutral” rating in a research report on Friday, April 17th. Sixteen 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 currently has an average rating of “Moderate Buy” and an average target price of $151.86.

Prologis Stock Down 0.2%

Shares of PLD opened at $148.45 on Tuesday. The company’s 50-day simple moving average is $142.28 and its 200-day simple moving average is $135.72. The stock has a market capitalization of $138.41 billion, a PE ratio of 37.39, a P/E/G ratio of 3.27 and a beta of 1.32. Prologis, Inc. has a 1 year low of $103.41 and a 1 year high of $150.18. 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 (NYSE:PLD) last issued its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share 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%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Analysts forecast that Prologis, Inc. will post 6.18 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a $1.07 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $4.28 annualized dividend and a yield of 2.9%. Prologis’s dividend payout ratio (DPR) is 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.