Baird Financial Group Inc. Buys 21,000 Shares of Prologis, Inc. $PLD

Key Points

• Baird Financial Group increased its Prologis stake by 20.6% in the second quarter, purchasing 21,000 additional shares and bringing its holdings to 122,809 shares valued at approximately $16.6 million. Institutional investors collectively own 93.5% of Prologis.
• Prologis reported quarterly earnings of $1.13 per share, beating the $0.75 analyst consensus, while revenue rose 11% year over year to $2.43 billion. The company maintained fiscal 2026 EPS guidance of $6.22 to $6.30.
• The REIT declared a quarterly dividend of $1.07 per share, or $4.28 annually, yielding about 3.2%. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $154.52, compared with a recent share price of $135.81.

Baird Financial Group Inc. boosted its stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 20.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 122,809 shares of the real estate investment trust's stock after buying an additional 21,000 shares during the quarter. Baird Financial Group Inc.'s holdings in Prologis were worth $16,637,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in PLD. Schnieders Capital Management LLC. boosted its position in shares of Prologis by 45.4% during 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 purchasing an additional 3,350 shares in the last quarter. Callan Family Office LLC bought a new stake in Prologis in the 2nd quarter valued at about $3,394,000. BlackRock Inc. acquired a new position in Prologis during the 2nd quarter worth approximately $14,006,587,000. AssuredPartners Investment Advisors LLC acquired a new position in Prologis during the 2nd quarter worth approximately $3,436,000. Finally, The Manufacturers Life Insurance Company raised its stake in Prologis by 4.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 772,814 shares of the real estate investment trust's stock worth $102,151,000 after buying an additional 33,172 shares during the period. Institutional investors own 93.50% of the company's stock.

Prologis Stock Performance

NYSE PLD opened at $135.81 on Friday. Prologis, Inc. has a 1 year low of $111.03 and a 1 year high of $153.35. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market cap of $126.72 billion, a price-to-earnings ratio of 30.25 and a beta of 1.30. The company has a fifty day moving average price of $141.90 and a 200-day moving average price of $140.45.

Prologis (NYSE:PLD - Get Free Report) last released its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.38. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period last year, the firm earned $1.46 earnings per share. The firm's revenue was up 11.0% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. As a group, equities research analysts predict that Prologis, Inc. will post 6.27 EPS for the current fiscal year.

Prologis Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be issued a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Wednesday, September 16th. Prologis's dividend payout ratio (DPR) is 95.32%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on PLD shares. Wells Fargo & Company reduced their price objective on Prologis from $167.00 to $166.00 and set an "overweight" rating for the company in a research note on Tuesday, September 1st. Scotiabank upped their target price on Prologis from $146.00 to $150.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 23rd. Morgan Stanley increased their target price on Prologis from $135.00 to $151.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 26th. Mizuho lifted their price target on shares of Prologis from $150.00 to $159.00 and gave the company an "outperform" rating in a research report on Friday, July 17th. Finally, Barclays lifted their price target on shares of Prologis from $139.00 to $156.00 and gave the company an "overweight" rating in a research report on Thursday, July 16th. Sixteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $154.52.

Insiders Place Their Bets

In other Prologis news, CFO Timothy Arndt sold 3,597 shares of the company's stock in a transaction on Monday, June 15th. The stock was sold at an average price of $150.00, for a total value of $539,550.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.52% of the company's stock.

About Prologis

Prologis, Inc is a global real estate investment trust (REIT) that owns, develops, acquires and manages logistics and industrial properties. Its portfolio is designed to support supply-chain operations and includes distribution centers, warehouses, fulfillment facilities and other industrial buildings used by manufacturers, retailers, transportation companies and logistics providers.

The company also provides related property and business services, including facility management, leasing, development and customer-focused solutions through its Prologis Essentials platform.

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