Swedbank AB Decreases Holdings in Prologis, Inc. $PLD

Swedbank AB trimmed its holdings in shares of Prologis, Inc. (NYSE:PLD) by 10.0% in the first quarter, Holdings Channel reports. The institutional investor owned 6,896,816 shares of the real estate investment trust’s stock after selling 767,767 shares during the period. Prologis makes up 1.0% of Swedbank AB’s holdings, making the stock its 15th biggest holding. Swedbank AB’s holdings in Prologis were worth $911,621,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in PLD. High Point Wealth Management LLC acquired a new stake in shares of Prologis during the 4th quarter worth about $26,000. Ares Financial Consulting LLC acquired a new position in Prologis in the fourth quarter valued at approximately $26,000. Eagle Bay Advisors LLC acquired a new position in Prologis in the fourth quarter valued at approximately $27,000. SouthState Bank Corp increased its stake in Prologis by 73.1% in the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 95 shares during the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new position in Prologis in the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Stock Performance

NYSE:PLD traded up $1.99 during mid-day trading on Tuesday, reaching $142.19. 484,389 shares of the stock were exchanged, compared to its average volume of 3,572,882. The stock has a market capitalization of $132.57 billion, a P/E ratio of 35.81 and a beta of 1.32. Prologis, Inc. has a 1 year low of $103.41 and a 1 year high of $150.18. The company has a 50 day simple moving average of $142.78 and a 200-day simple moving average of $136.88. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.60.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share 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 analysts’ expectations of $2.12 billion. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Analysts anticipate that Prologis, Inc. will post 6.17 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were issued a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Tuesday, June 16th. Prologis’s payout ratio is presently 107.81%.

Wall Street Analysts Forecast Growth

PLD has been the subject of several recent analyst reports. Evercore set a $135.00 price objective on shares of Prologis in a research report on Friday, April 17th. Royal Bank Of Canada increased their target price on shares of Prologis from $135.00 to $148.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 28th. Morgan Stanley lifted their price target on shares of Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 26th. Robert W. Baird lifted their price target on shares of Prologis from $133.00 to $136.00 and gave the stock a “neutral” rating in a research note on Friday, April 17th. Finally, Jefferies Financial Group reduced their price target on shares of Prologis from $157.00 to $155.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Fifteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $152.00.

Insider Buying and Selling

In related news, CFO Timothy D. Arndt sold 3,597 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $150.00, for a total value of $539,550.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.52% of the stock is currently owned by company insiders.

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.