Bridges Investment Management Inc. Decreases Stake in Prologis, Inc. $PLD

Bridges Investment Management Inc. reduced its stake in shares of Prologis, Inc. (NYSE:PLD) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 127,812 shares of the real estate investment trust’s stock after selling 4,177 shares during the quarter. Bridges Investment Management Inc.’s holdings in Prologis were worth $16,316,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of PLD. Brighton Jones LLC raised its holdings in shares of Prologis by 629.0% during the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock valued at $1,847,000 after buying an additional 15,078 shares during the period. Schnieders Capital Management LLC. raised its holdings in shares of 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 valued at $1,128,000 after buying an additional 3,350 shares during the period. Walleye Capital LLC purchased a new stake in shares of Prologis during the 2nd quarter valued at about $422,000. NewEdge Advisors LLC raised its holdings in shares of Prologis by 6.8% during the 2nd quarter. NewEdge Advisors LLC now owns 63,829 shares of the real estate investment trust’s stock valued at $6,710,000 after buying an additional 4,074 shares during the period. Finally, Treasurer of the State of North Carolina raised its holdings in shares of 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 valued at $45,550,000 after buying an additional 10,266 shares during the period. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Prologis Stock Up 0.9%

Shares of Prologis stock opened at $140.25 on Wednesday. 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 firm has a market cap of $130.76 billion, a P/E ratio of 35.33, a P/E/G ratio of 3.06 and a beta of 1.32. Prologis, Inc. has a fifty-two week low of $103.41 and a fifty-two week high of $147.93. The business has a 50-day moving average price of $139.36 and a 200 day moving average price of $134.26.

Prologis (NYSE:PLD) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $2.12 billion. Prologis had a return on equity of 6.47% and a net margin of 41.54%.Prologis’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, sell-side analysts forecast that Prologis, Inc. will post 6.18 earnings per share for the current fiscal year.

Prologis Announces Dividend

The company also recently disclosed 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. This represents a $4.28 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s payout ratio is currently 107.81%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on PLD shares. Robert W. Baird raised their target price on Prologis from $133.00 to $136.00 and gave the company a “neutral” rating in a report on Friday, April 17th. DA Davidson increased their price target on Prologis from $140.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Mizuho increased their price target on Prologis from $143.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Wall Street Zen raised Prologis from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Scotiabank increased their price target on Prologis from $146.00 to $154.00 and gave the company an “outperform” rating in a report on Tuesday, April 21st. Sixteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $151.86.

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.