Burling Wealth Partners LLC Boosts Stock Position in Prologis, Inc. $PLD

Burling Wealth Partners LLC raised its stake in Prologis, Inc. (NYSE:PLD) by 9.9% during the 1st quarter, HoldingsChannel reports. The firm owned 43,384 shares of the real estate investment trust’s stock after acquiring an additional 3,919 shares during the period. Burling Wealth Partners LLC’s holdings in Prologis were worth $5,734,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of PLD. High Point Wealth Management LLC purchased a new stake in shares of Prologis during the fourth quarter worth approximately $26,000. Ares Financial Consulting LLC purchased a new position in Prologis in the 4th quarter valued at $26,000. Eagle Bay Advisors LLC acquired a new position in Prologis in the 4th quarter valued at $27,000. SouthState Bank Corp increased its stake in Prologis by 73.1% in the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 95 shares during the period. Finally, Hilton Head Capital Partners LLC purchased a new position in Prologis during the 4th quarter worth $29,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insider Activity

In related news, CFO Timothy D. Arndt sold 3,597 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $150.00, for a total transaction of $539,550.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.52% of the company’s stock.

Prologis News Summary

Here are the key news stories impacting Prologis this week:

• Negative Sentiment: SEGRO rejected Prologis’ revised takeover offer for the third time, reducing the odds of a deal and weighing on investor sentiment toward PLD. Reuters article
• Negative Sentiment: Prologis’ sweetened bid was publicly rejected again, suggesting management may need to either walk away or pay up further, both of which can create uncertainty for shareholders. Yahoo Finance article
• Neutral Sentiment: Trading activity in Prologis’ stock has climbed within the S&P 500, which points to elevated investor attention but does not by itself explain a clear directional move. Kalkine Media article
• Neutral Sentiment: Momentum-focused commentary and “top growth stock” mentions may support the longer-term bull case, but these pieces are less likely to drive today’s trading than the SEGRO news. Zacks article
• Positive Sentiment: Recent earnings-related coverage highlighted strong lease signings and an improved outlook, which continues to support the stock’s fundamental backdrop even as merger speculation creates volatility. Yahoo Finance article

Prologis Stock Down 1.6%

PLD opened at $147.43 on Tuesday. The firm has a market cap of $137.46 billion, a P/E ratio of 32.84 and a beta of 1.32. The business’s fifty day simple moving average is $143.20 and its 200 day simple moving average is $138.10. Prologis, Inc. has a 52 week low of $103.41 and a 52 week high of $153.35. The company has a quick ratio of 0.51, a current ratio of 0.27 and a debt-to-equity ratio of 0.63.

Prologis (NYSE:PLD) last announced its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.38. The firm had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.16 billion. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. As a group, equities research analysts anticipate that Prologis, Inc. will post 6.26 EPS for the current fiscal year.

Prologis Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were given a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, June 16th. Prologis’s payout ratio is currently 95.32%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on PLD shares. Morgan Stanley lifted their price objective on Prologis from $135.00 to $151.00 and gave the company an “equal weight” rating in a report on Tuesday, May 26th. Wall Street Zen raised shares of Prologis from a “sell” rating to a “hold” rating in a research note on Saturday. Argus boosted their price objective on shares of Prologis from $135.00 to $152.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Truist Financial increased their price objective on shares of Prologis from $139.00 to $154.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Finally, Barclays lifted their target price on shares of Prologis from $139.00 to $156.00 and gave the stock an “overweight” rating in a research report on Thursday. Fifteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $153.24.

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.