Mesirow Financial Investment Management Inc. Cuts Holdings in Prologis, Inc. $PLD

Mesirow Financial Investment Management Inc. reduced its position in Prologis, Inc. (NYSE:PLD) by 72.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,140 shares of the real estate investment trust’s stock after selling 5,700 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Prologis were worth $273,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Pinnacle Associates Ltd. raised its position in Prologis by 1.1% in the fourth quarter. Pinnacle Associates Ltd. now owns 47,383 shares of the real estate investment trust’s stock valued at $6,049,000 after purchasing an additional 516 shares during the period. Bank Julius Baer & Co. Ltd Zurich raised its position in Prologis by 60.3% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,923 shares of the real estate investment trust’s stock valued at $373,000 after purchasing an additional 1,100 shares during the period. Atria Investments Inc raised its position in Prologis by 2.4% in the fourth quarter. Atria Investments Inc now owns 118,687 shares of the real estate investment trust’s stock valued at $15,152,000 after purchasing an additional 2,766 shares during the period. Catalyst Financial Partners LLC raised its position in Prologis by 2.4% in the fourth quarter. Catalyst Financial Partners LLC now owns 3,763 shares of the real estate investment trust’s stock valued at $480,000 after purchasing an additional 87 shares during the period. Finally, Strategic Family Wealth Counselors L.L.C. purchased a new position in Prologis in the fourth quarter valued at about $208,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on PLD. Robert W. Baird raised their price objective on Prologis from $133.00 to $136.00 and gave the company a “neutral” rating in a research report on Friday, April 17th. The Goldman Sachs Group reissued a “neutral” rating and issued a $157.00 price objective on shares of Prologis in a research report on Friday, April 17th. Truist Financial raised their price objective on Prologis from $139.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Mizuho raised their target price on Prologis from $143.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Finally, Freedom Capital downgraded Prologis from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 23rd. Sixteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Prologis has an average rating of “Moderate Buy” and an average price target of $149.76.

Prologis Stock Down 1.5%

NYSE:PLD opened at $140.50 on Friday. The company has a market capitalization 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. Prologis, Inc. has a one year low of $103.02 and a one year high of $145.44. The stock has a 50-day simple moving average of $137.01 and a 200 day simple moving average of $132.69. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51.

Prologis (NYSE:PLD) last issued its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 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 company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the previous year, the firm posted $1.43 earnings per share. Prologis’s quarterly revenue was up 6.9% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Sell-side analysts predict that Prologis, Inc. will post 6.17 EPS for the current fiscal year.

Prologis Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 3.0%. 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.