North Dakota State Investment Board Takes $4.06 Million Position in Prologis, Inc. $PLD

North Dakota State Investment Board bought a new stake in shares of Prologis, Inc. (NYSE:PLD) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 31,812 shares of the real estate investment trust’s stock, valued at approximately $4,061,000.

Several other large investors have also recently made changes to their positions in PLD. Nvwm LLC lifted its position in Prologis by 6,069.7% during the fourth quarter. Nvwm LLC now owns 15,486 shares of the real estate investment trust’s stock worth $1,977,000 after buying an additional 15,235 shares during the period. Foresight Group Ltd Liability Partnership lifted its position in Prologis by 240.1% during the third quarter. Foresight Group Ltd Liability Partnership now owns 44,715 shares of the real estate investment trust’s stock worth $5,109,000 after buying an additional 31,567 shares during the period. National Pension Service lifted its position in Prologis by 2.4% during the third quarter. National Pension Service now owns 2,443,137 shares of the real estate investment trust’s stock worth $279,788,000 after buying an additional 56,272 shares during the period. Envestnet Asset Management Inc. lifted its position in Prologis by 3.6% during the third quarter. Envestnet Asset Management Inc. now owns 3,644,875 shares of the real estate investment trust’s stock worth $417,411,000 after buying an additional 126,613 shares during the period. Finally, Assetmark Inc. lifted its position in Prologis by 10.0% during the third quarter. Assetmark Inc. now owns 79,350 shares of the real estate investment trust’s stock worth $9,087,000 after buying an additional 7,217 shares during the period. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Stock Performance

Prologis stock opened at $140.50 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51. Prologis, Inc. has a 12 month low of $103.02 and a 12 month high of $145.44. The company has a market cap of $130.99 billion, a price-to-earnings ratio of 35.39, a price-to-earnings-growth ratio of 3.10 and a beta of 1.33. The stock’s 50-day moving average is $137.01 and its 200-day moving average is $132.73.

Prologis (NYSE:PLD) last posted its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $2.12 billion. During the same quarter last year, the firm earned $1.43 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Equities analysts anticipate that Prologis, Inc. will post 6.17 earnings per share for the current year.

Prologis Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a $1.07 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.0%. Prologis’s dividend payout ratio (DPR) is 107.81%.

Analyst Ratings Changes

PLD has been the topic of several recent analyst reports. DA Davidson increased their target price on Prologis from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. BTIG Research restated a “buy” rating and issued a $155.00 price objective on shares of Prologis in a report on Wednesday, April 15th. Jefferies Financial Group cut their price objective on Prologis from $157.00 to $155.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. The Goldman Sachs Group restated a “neutral” rating and issued a $157.00 price objective on shares of Prologis in a report on Friday, April 17th. Finally, Robert W. Baird raised their price objective on Prologis from $133.00 to $136.00 and gave the stock a “neutral” rating in a report on Friday, April 17th. Sixteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Prologis presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.76.

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.