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

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

A number of other large investors have also modified their holdings of PLD. High Point Wealth Management LLC acquired a new stake in Prologis during the 4th quarter valued at approximately $26,000. Ares Financial Consulting LLC acquired a new stake in Prologis during the 4th quarter valued at approximately $26,000. Eagle Bay Advisors LLC acquired a new stake in Prologis during the 4th quarter valued at approximately $27,000. True Wealth Design LLC grew its stake in Prologis by 87.1% during the 4th quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 122 shares in the last quarter. Finally, Rossby Financial LCC grew its stake in Prologis by 69.6% during the 3rd quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 135 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analyst Ratings Changes

PLD has been the subject of a number of recent analyst reports. Bank of America raised their price objective on Prologis from $153.00 to $162.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Argus raised their price objective on Prologis from $135.00 to $152.00 and gave the company a “buy” rating in a research note on Friday, April 17th. BNP Paribas Exane raised their price objective on Prologis from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Freedom Capital lowered Prologis from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 23rd. Finally, DA Davidson lifted 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. Sixteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $149.76.

Prologis Price Performance

Shares of PLD opened at $140.50 on Monday. The firm has a market cap of $130.99 billion, a price-to-earnings ratio of 35.39, a PEG ratio of 3.10 and a beta of 1.33. The stock has a 50 day moving average of $137.01 and a 200-day moving average of $132.73. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60. Prologis, Inc. has a 52 week low of $103.02 and a 52 week high of $145.44.

Prologis (NYSE:PLD) last issued its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, topping the consensus estimate of $0.81 by $0.24. The company 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%.The business’s revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, analysts forecast that Prologis, Inc. will post 6.17 EPS for the current year.

Prologis Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $4.28 annualized dividend and a dividend yield of 3.0%. Prologis’s dividend payout ratio (DPR) is 107.81%.

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.