Danske Bank A S Acquires New Shares in Prologis, Inc. $PLD

Danske Bank A S acquired a new position in Prologis, Inc. (NYSE:PLD) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 669,946 shares of the real estate investment trust’s stock, valued at approximately $90,758,000.

Several other hedge funds have also recently bought and sold shares of PLD. Schnieders Capital Management LLC. increased its holdings in shares of Prologis by 45.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock valued at $1,128,000 after acquiring an additional 3,350 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Prologis by 4.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 335,187 shares of the real estate investment trust’s stock worth $42,790,000 after purchasing an additional 15,335 shares during the last quarter. Meritage Portfolio Management lifted its holdings in Prologis by 45.7% in the 4th quarter. Meritage Portfolio Management now owns 27,889 shares of the real estate investment trust’s stock worth $3,560,000 after purchasing an additional 8,747 shares during the last quarter. Merrithew & Thorsten Inc acquired a new position in Prologis during the fourth quarter valued at approximately $5,641,000. Finally, The Manufacturers Life Insurance Company raised its position in shares of Prologis by 4.5% in the first quarter. The Manufacturers Life Insurance Company now owns 772,814 shares of the real estate investment trust’s stock valued at $102,151,000 after purchasing an additional 33,172 shares during the period. 93.50% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $150.00, for a total transaction of $539,550.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.52% of the company’s stock.

Prologis Stock Down 0.2%

Shares of PLD opened at $140.30 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.70 and a current ratio of 0.70. The company has a 50-day simple moving average of $142.90 and a 200-day simple moving average of $140.13. Prologis, Inc. has a 52 week low of $107.03 and a 52 week high of $153.35. The firm has a market capitalization of $130.91 billion, a P/E ratio of 31.25 and a beta of 1.31.

Prologis (NYSE:PLD) last released its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.38. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The business had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same period last year, the business earned $1.46 earnings per share. The firm’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. On average, equities research analysts expect that Prologis, Inc. will post 6.28 earnings per share for the current year.

Analysts Set New Price Targets

PLD has been the subject of several recent analyst reports. Truist Financial upped their price objective on shares of Prologis from $154.00 to $162.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. DA Davidson lifted their target price on shares of Prologis from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Robert W. Baird set a $140.00 target price on shares of Prologis in a research report on Friday, July 31st. Morgan Stanley upped their price target on shares of Prologis from $135.00 to $151.00 and gave the company an “equal weight” rating in a report on Tuesday, May 26th. Finally, Wells Fargo & Company raised their price target on Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Sixteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $154.57.

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.