Forsta AP Fonden Has $28.62 Million Stake in Prologis, Inc. $PLD

Forsta AP Fonden trimmed its stake in shares of Prologis, Inc. (NYSE:PLD) by 4.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 224,223 shares of the real estate investment trust’s stock after selling 9,500 shares during the period. Forsta AP Fonden’s holdings in Prologis were worth $28,624,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PLD. High Point Wealth Management LLC acquired a new position in shares of Prologis during the fourth quarter worth approximately $26,000. Ares Financial Consulting LLC acquired a new position in shares of Prologis during the fourth quarter worth approximately $26,000. Eagle Bay Advisors LLC acquired a new position in shares of Prologis during the fourth quarter worth approximately $27,000. High Note Wealth LLC lifted its position in shares of Prologis by 43.9% during the fourth quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 76 shares in the last quarter. Finally, True Wealth Design LLC lifted its position in shares of Prologis by 87.1% during the fourth quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 122 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Stock Down 1.3%

Shares of NYSE:PLD opened at $143.80 on Friday. Prologis, Inc. has a 52 week low of $103.41 and a 52 week high of $147.93. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51. The company has a market capitalization of $134.07 billion, a PE ratio of 36.22, a PEG ratio of 3.20 and a beta of 1.33. The company has a 50 day moving average price of $139.20 and a two-hundred day moving average price of $134.11.

Prologis (NYSE:PLD) last issued its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $2.12 billion. During the same quarter in the prior year, the firm earned $1.43 earnings per share. The business’s quarterly revenue was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Analysts forecast that Prologis, Inc. will post 6.18 earnings per share for the current year.

Prologis Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s dividend payout ratio is presently 107.81%.

Analysts Set New Price Targets

PLD has been the topic of several analyst reports. BNP Paribas Exane increased their price objective on shares of Prologis from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, April 17th. UBS Group increased their price objective on shares of Prologis from $148.00 to $161.00 and gave the company a “buy” rating in a report on Friday, April 17th. BTIG Research restated a “buy” rating and issued a $155.00 price objective on shares of Prologis in a report on Wednesday, April 15th. Royal Bank Of Canada increased their price objective on shares of Prologis from $135.00 to $148.00 and gave the company a “sector perform” rating in a report on Tuesday, April 28th. Finally, Robert W. Baird increased their price objective on shares of Prologis from $133.00 to $136.00 and gave the company a “neutral” rating in a report on Friday, April 17th. Sixteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Prologis currently has an average rating of “Moderate Buy” and an average price target of $150.52.

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.