Tredje AP fonden Raises Stake in Prologis, Inc. $PLD

Tredje AP fonden boosted its position in Prologis, Inc. (NYSE:PLD) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 253,751 shares of the real estate investment trust’s stock after buying an additional 6,751 shares during the period. Tredje AP fonden’s holdings in Prologis were worth $32,394,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. High Note Wealth LLC boosted its position in Prologis by 43.9% in the fourth quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 76 shares during the last quarter. Dakota Community Bank & Trust NA boosted its position in Prologis by 3.4% in the fourth quarter. Dakota Community Bank & Trust NA now owns 2,398 shares of the real estate investment trust’s stock valued at $306,000 after buying an additional 79 shares during the last quarter. Peddock Capital Advisors LLC boosted its position in Prologis by 3.1% in the fourth quarter. Peddock Capital Advisors LLC now owns 2,651 shares of the real estate investment trust’s stock valued at $338,000 after buying an additional 80 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in Prologis by 0.5% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 16,583 shares of the real estate investment trust’s stock valued at $1,941,000 after buying an additional 82 shares during the last quarter. Finally, Foster Dykema Cabot & Partners LLC boosted its position in Prologis by 1.0% in the third quarter. Foster Dykema Cabot & Partners LLC now owns 8,232 shares of the real estate investment trust’s stock valued at $943,000 after buying an additional 83 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Trading Up 1.2%

Shares of NYSE:PLD opened at $142.26 on Tuesday. Prologis, Inc. has a 12-month low of $103.02 and a 12-month high of $145.44. The company has a market capitalization of $132.63 billion, a PE ratio of 35.83, a PEG ratio of 3.10 and a beta of 1.33. The business has a 50 day moving average of $137.10 and a two-hundred day moving average of $132.85. 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 (NYSE:PLD) last announced its quarterly 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 during the quarter, compared to the consensus estimate of $2.12 billion. Prologis had a return on equity of 6.47% and a net margin of 41.54%.Prologis’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.43 earnings per share. 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 firm also recently announced 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. This represents a $4.28 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s dividend payout ratio is presently 107.81%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. BTIG Research reiterated a “buy” rating and issued a $155.00 target price on shares of Prologis in a research report on Wednesday, April 15th. Freedom Capital downgraded Prologis from a “strong-buy” rating to a “hold” rating in a report on Friday, January 23rd. Mizuho boosted their price target on Prologis from $143.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Wall Street Zen raised Prologis from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, BNP Paribas Exane boosted their price target on Prologis from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Sixteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $149.76.

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.