MOR Wealth Management LLC Purchases Shares of 9,002 Prologis, Inc. $PLD

MOR Wealth Management LLC purchased a new stake in Prologis, Inc. (NYSE:PLD) in the 2nd quarter, HoldingsChannel reports. The fund purchased 9,002 shares of the real estate investment trust’s stock, valued at approximately $1,220,000.

A number of other hedge funds also recently made changes to their positions in PLD. BlackRock Inc. acquired a new stake in Prologis during the 2nd quarter valued at approximately $14,006,587,000. Geode Capital Management LLC lifted its position in shares of Prologis by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 23,012,940 shares of the real estate investment trust’s stock worth $2,925,791,000 after purchasing an additional 339,906 shares during the period. Capital Research Global Investors boosted its stake in shares of Prologis by 4.4% in the 4th 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 purchasing an additional 678,363 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Prologis by 4.4% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,753,884 shares of the real estate investment trust’s stock worth $1,998,709,000 after buying an additional 618,467 shares during the period. Finally, Norges Bank acquired a new stake in shares of Prologis during the fourth quarter worth $1,589,125,000. 93.50% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Timothy Arndt sold 3,597 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $150.00, for a total transaction of $539,550.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.52% of the stock is owned by corporate insiders.

Prologis Trading Down 0.7%

NYSE PLD opened at $137.42 on Friday. The company has a market cap of $128.22 billion, a price-to-earnings ratio of 30.61 and a beta of 1.30. Prologis, Inc. has a 52 week low of $110.60 and a 52 week high of $153.35. The business has a 50 day moving average price of $142.06 and a 200-day moving average price of $140.58. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.63.

Prologis (NYSE:PLD) last issued its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.38. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period in the prior year, the firm earned $1.46 earnings per share. Prologis’s revenue for the quarter was up 11.0% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. As a group, equities analysts expect that Prologis, Inc. will post 6.27 earnings per share for the current fiscal year.

Prologis Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, September 16th. Prologis’s dividend payout ratio (DPR) is 95.32%.

Analyst Ratings Changes

PLD has been the topic of several recent analyst reports. BTIG Research boosted their target price on shares of Prologis from $160.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Wells Fargo & Company decreased their price target on Prologis from $167.00 to $166.00 and set an “overweight” rating for the company in a report on Tuesday. Truist Financial boosted their price objective on Prologis from $154.00 to $162.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Barclays upped their target price on Prologis from $139.00 to $156.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Finally, Wall Street Zen raised Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Sixteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Prologis currently has a consensus rating of “Moderate Buy” and a consensus price target of $154.52.

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.