Janus Henderson Group PLC Decreases Stock Holdings in Prologis, Inc. $PLD

Janus Henderson Group PLC lowered its holdings in Prologis, Inc. (NYSE:PLD) by 2.8% in the 1st quarter, Holdings Channel.com reports. The fund owned 1,224,573 shares of the real estate investment trust’s stock after selling 34,796 shares during the quarter. Janus Henderson Group PLC’s holdings in Prologis were worth $161,939,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Norges Bank purchased a new stake in Prologis during the 4th quarter worth $1,589,125,000. Cardano Risk Management B.V. raised its position in Prologis by 999.3% in the fourth quarter. Cardano Risk Management B.V. now owns 11,228,730 shares of the real estate investment trust’s stock valued at $1,433,460,000 after purchasing an additional 10,207,267 shares during the period. Swedbank AB raised its position in Prologis by 36.2% in the fourth quarter. Swedbank AB now owns 7,664,583 shares of the real estate investment trust’s stock valued at $978,461,000 after purchasing an additional 2,038,329 shares during the period. Bessemer Group Inc. lifted its stake in shares of Prologis by 8,000.9% during the fourth quarter. Bessemer Group Inc. now owns 1,595,963 shares of the real estate investment trust’s stock worth $203,741,000 after purchasing an additional 1,576,262 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Prologis by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock worth $15,743,451,000 after purchasing an additional 1,258,407 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Insider Buying and Selling at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $150.00, for a total transaction of $539,550.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.52% of the company’s stock.

Prologis Trading Down 0.9%

Shares of PLD opened at $144.94 on Friday. Prologis, Inc. has a one year low of $103.41 and a one year high of $153.35. The stock has a 50-day moving average price of $143.78 and a 200 day moving average price of $139.17. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.51 and a current ratio of 0.70. The company has a market capitalization of $135.24 billion, a P/E ratio of 32.28 and a beta of 1.32.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.38. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The company had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the previous year, the business earned $1.46 EPS. Prologis’s revenue for the quarter was up 11.0% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Sell-side analysts forecast that Prologis, Inc. will post 6.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PLD. Evercore set a $135.00 target price on Prologis in a research note on Friday, April 17th. Mizuho boosted their price target on Prologis from $150.00 to $159.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. Truist Financial upped their price target on Prologis from $154.00 to $162.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $157.00 price objective on shares of Prologis in a research report on Friday, April 17th. Finally, BTIG Research lifted their price objective on shares of Prologis from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Fifteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $154.00.

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.