Burling Wealth Partners LLC Has $3.53 Million Position in Prologis, Inc. $PLD

Burling Wealth Partners LLC boosted its stake in Prologis, Inc. (NYSE:PLD) by 33.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 30,824 shares of the real estate investment trust’s stock after buying an additional 7,711 shares during the period. Burling Wealth Partners LLC’s holdings in Prologis were worth $3,530,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of PLD. Norges Bank acquired a new stake in Prologis during the 2nd quarter worth approximately $1,288,936,000. Franklin Resources Inc. grew its holdings in Prologis by 216.0% in the 2nd quarter. Franklin Resources Inc. now owns 10,050,843 shares of the real estate investment trust’s stock valued at $1,056,545,000 after buying an additional 6,870,479 shares in the last quarter. State Street Corp increased its position in Prologis by 1.9% during the 2nd quarter. State Street Corp now owns 58,640,842 shares of the real estate investment trust’s stock worth $6,164,325,000 after buying an additional 1,088,544 shares during the period. Federated Hermes Inc. lifted its holdings in shares of Prologis by 30.3% during the third quarter. Federated Hermes Inc. now owns 4,256,236 shares of the real estate investment trust’s stock worth $487,424,000 after buying an additional 988,986 shares in the last quarter. Finally, Mondrian Investment Partners LTD bought a new stake in shares of Prologis in the third quarter valued at about $112,141,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on PLD shares. BNP Paribas Exane lifted their price objective on shares of Prologis from $129.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Prologis in a research report on Monday, December 29th. BMO Capital Markets reiterated a “market perform” rating and issued a $123.00 price target on shares of Prologis in a research note on Thursday, January 22nd. BTIG Research raised their price objective on Prologis from $134.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, December 31st. Finally, Morgan Stanley set a $135.00 price objective on Prologis in a report on Friday, January 16th. Thirteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.89.

Insider Buying and Selling at Prologis

In other news, Director Cristina Gabriela Bita sold 621 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $127.60, for a total value of $79,239.60. Following the completion of the transaction, the director directly owned 8,208 shares in the company, valued at approximately $1,047,340.80. This represents a 7.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.57% of the company’s stock.

Prologis Stock Down 1.5%

Shares of PLD opened at $139.66 on Thursday. The firm has a 50 day simple moving average of $131.20 and a two-hundred day simple moving average of $122.60. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.58 and a quick ratio of 0.64. Prologis, Inc. has a one year low of $85.35 and a one year high of $141.95. The company has a market cap of $129.83 billion, a P/E ratio of 39.34, a P/E/G ratio of 3.51 and a beta of 1.42.

Prologis (NYSE:PLD) last issued its earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.44. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The firm had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter last year, the business posted $1.42 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Research analysts forecast that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th 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 is Tuesday, March 17th. This is an increase from Prologis’s previous quarterly dividend of $1.01. Prologis’s dividend payout ratio is 113.80%.

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.