DNB Asset Management AS Sells 70,614 Shares of Prologis, Inc. $PLD

DNB Asset Management AS lessened its stake in Prologis, Inc. (NYSE:PLD) by 27.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 190,928 shares of the real estate investment trust’s stock after selling 70,614 shares during the period. DNB Asset Management AS’s holdings in Prologis were worth $24,374,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Nvwm LLC raised its stake in shares of Prologis by 6,069.7% in the fourth quarter. Nvwm LLC now owns 15,486 shares of the real estate investment trust’s stock valued at $1,977,000 after acquiring an additional 15,235 shares during the last quarter. Foresight Group Ltd Liability Partnership raised its position in Prologis by 240.1% in the 3rd quarter. Foresight Group Ltd Liability Partnership now owns 44,715 shares of the real estate investment trust’s stock worth $5,109,000 after purchasing an additional 31,567 shares during the last quarter. National Pension Service lifted its holdings in Prologis by 2.4% during the 3rd quarter. National Pension Service now owns 2,443,137 shares of the real estate investment trust’s stock worth $279,788,000 after buying an additional 56,272 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Prologis by 3.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,644,875 shares of the real estate investment trust’s stock valued at $417,411,000 after buying an additional 126,613 shares during the last quarter. Finally, Assetmark Inc. increased its stake in shares of Prologis by 10.0% in the 3rd quarter. Assetmark Inc. now owns 79,350 shares of the real estate investment trust’s stock valued at $9,087,000 after buying an additional 7,217 shares during the period. Institutional investors own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group restated a “neutral” rating and set a $157.00 target price on shares of Prologis in a research report on Friday, April 17th. BTIG Research reiterated a “buy” rating and issued a $155.00 price target on shares of Prologis in a report on Wednesday, April 15th. Citigroup raised their price target on Prologis from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Bank of America raised their price target on Prologis from $153.00 to $162.00 and gave the company a “buy” rating in a report on Monday, April 20th. Finally, JPMorgan Chase & Co. raised their price target on Prologis from $141.00 to $157.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Sixteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.76.

Prologis Price Performance

PLD opened at $140.50 on Friday. The company has a fifty day moving average price of $137.01 and a two-hundred day moving average price 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, Inc. has a 52 week low of $103.02 and a 52 week high of $145.44. The firm has a market capitalization of $130.99 billion, a PE ratio of 35.39, a P/E/G ratio of 3.10 and a beta of 1.33.

Prologis (NYSE:PLD) last released its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 EPS 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 firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the previous year, the business earned $1.43 EPS. The business’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. As a group, analysts anticipate that Prologis, Inc. will post 6.17 earnings per share for the current year.

Prologis Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s dividend payout ratio (DPR) is currently 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.