Milford Funds Ltd. Takes $11.88 Million Position in Prologis, Inc. $PLD

Milford Funds Ltd. bought a new stake in Prologis, Inc. (NYSE:PLD) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 93,046 shares of the real estate investment trust’s stock, valued at approximately $11,878,000.

Other institutional investors have also modified their holdings of the company. High Point Wealth Management LLC acquired a new position in shares of Prologis in the 4th quarter valued at $26,000. Ares Financial Consulting LLC acquired a new position in shares of Prologis in the 4th quarter valued at $26,000. Eagle Bay Advisors LLC acquired a new position in shares of Prologis in the 4th quarter valued at $27,000. SouthState Bank Corp increased its holdings in shares of 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 acquiring an additional 95 shares during the period. Finally, Hilton Head Capital Partners LLC acquired a new position in Prologis in the 4th quarter valued at $29,000. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Stock Performance

NYSE:PLD opened at $148.49 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.60. Prologis, Inc. has a fifty-two week low of $103.41 and a fifty-two week high of $149.70. The stock has a market cap of $138.44 billion, a PE ratio of 37.40, a price-to-earnings-growth ratio of 3.24 and a beta of 1.32. The firm’s fifty day simple moving average is $141.99 and its 200-day simple moving average is $135.51.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.24. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The business had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.12 billion. During the same period in the prior year, the company posted $1.43 EPS. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Analysts expect that Prologis, Inc. will post 6.18 earnings per share for the current fiscal year.

Prologis Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a dividend of $1.07 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.9%. Prologis’s dividend payout ratio is 107.81%.

Analysts Set New Price Targets

PLD has been the topic of several recent research reports. BNP Paribas Exane boosted their price objective on shares of Prologis from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. UBS Group boosted their price objective on shares of Prologis from $148.00 to $161.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Jefferies Financial Group dropped their price objective on shares of Prologis from $157.00 to $155.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Robert W. Baird boosted their price objective on shares of Prologis from $133.00 to $136.00 and gave the company a “neutral” rating in a research note on Friday, April 17th. Finally, Mizuho boosted their price objective on shares of Prologis from $143.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Sixteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.86.

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.