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

Milford Funds Ltd. purchased a new position in shares of Prologis, Inc. (NYSE:PLD) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 93,046 shares of the real estate investment trust’s stock, valued at approximately $11,878,000.

A number of other institutional investors and hedge funds have also made changes to their positions in PLD. Brighton Jones LLC boosted its position in shares of Prologis by 629.0% in the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock worth $1,847,000 after buying an additional 15,078 shares in the last quarter. Schnieders Capital Management LLC. boosted its position in shares of Prologis by 45.4% in the 2nd quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock worth $1,128,000 after buying an additional 3,350 shares in the last quarter. Walleye Capital LLC purchased a new stake in shares of Prologis in the 2nd quarter worth about $422,000. NewEdge Advisors LLC boosted its position in shares of Prologis by 6.8% in the 2nd quarter. NewEdge Advisors LLC now owns 63,829 shares of the real estate investment trust’s stock worth $6,710,000 after buying an additional 4,074 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its position in shares of Prologis by 2.4% in the 2nd quarter. Treasurer of the State of North Carolina now owns 433,312 shares of the real estate investment trust’s stock worth $45,550,000 after buying an additional 10,266 shares in the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Price Performance

NYSE:PLD opened at $148.49 on Friday. The firm has a market cap of $138.44 billion, a price-to-earnings ratio of 37.40, a price-to-earnings-growth ratio of 3.24 and a beta of 1.32. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60. The company’s 50-day moving average is $141.99 and its two-hundred day moving average is $135.51. Prologis, Inc. has a 12-month low of $103.41 and a 12-month high of $149.70.

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

Prologis Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently commented on PLD shares. The Goldman Sachs Group reiterated a “neutral” rating and issued a $157.00 price objective on shares of Prologis in a research report on Friday, April 17th. Bank of America boosted their price objective on shares of Prologis from $153.00 to $162.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. BTIG Research reiterated a “buy” rating and issued a $155.00 price objective on shares of Prologis in a research report on Wednesday, April 15th. Royal Bank Of Canada boosted their price objective on shares of Prologis from $135.00 to $148.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 28th. Finally, Citigroup boosted their price objective on shares of Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Sixteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Prologis has an average rating of “Moderate Buy” and an average target price of $151.86.

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.