State of Wisconsin Investment Board Reduces Stake in Prologis, Inc. $PLD

State of Wisconsin Investment Board reduced its position in Prologis, Inc. (NYSE:PLD) by 1.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 481,015 shares of the real estate investment trust’s stock after selling 6,599 shares during the period. State of Wisconsin Investment Board’s holdings in Prologis were worth $61,406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Robert W. Baird lifted their target price on Prologis from $133.00 to $136.00 and gave the company a “neutral” rating in a research report on Friday, April 17th. Truist Financial lifted their target price on Prologis from $139.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Mizuho lifted their target price on Prologis from $143.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Evercore set a $135.00 target price on Prologis in a research report on Friday, April 17th. Finally, BMO Capital Markets upgraded Prologis from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $137.00 to $162.00 in a research report on Thursday, May 7th. Sixteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $151.86.

Prologis Price Performance

Shares of Prologis stock opened at $146.08 on Wednesday. The stock’s 50-day simple moving average is $142.52 and its 200-day simple moving average is $135.85. Prologis, Inc. has a 52 week low of $103.41 and a 52 week high of $150.18. The company has a market capitalization of $136.20 billion, a price-to-earnings ratio of 36.80, a PEG ratio of 3.27 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.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, beating the consensus estimate of $0.81 by $0.24. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the previous year, the business earned $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. As a group, analysts expect that Prologis, Inc. will post 6.18 earnings per share for the current fiscal year.

Prologis Dividend Announcement

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 given a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Tuesday, June 16th. Prologis’s payout ratio is presently 107.81%.

About Prologis

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.