DNB Asset Management AS Grows Stock Holdings in Prologis, Inc. $PLD

DNB Asset Management AS increased its holdings in shares of Prologis, Inc. (NYSE:PLD) by 3.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 261,542 shares of the real estate investment trust’s stock after purchasing an additional 7,665 shares during the period. DNB Asset Management AS’s holdings in Prologis were worth $29,952,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Clayton Financial Group LLC acquired a new stake in Prologis during the 3rd quarter worth about $26,000. Silver Oak Securities Incorporated purchased a new stake in shares of Prologis in the third quarter worth about $36,000. Rossby Financial LCC boosted its stake in shares of Prologis by 69.6% in the third quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 135 shares during the last quarter. Dogwood Wealth Management LLC grew its holdings in Prologis by 87.3% during the third quarter. Dogwood Wealth Management LLC now owns 339 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 158 shares during the period. Finally, Clear Investment Research LLC raised its position in Prologis by 34.5% during the third quarter. Clear Investment Research LLC now owns 343 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 88 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Prologis news, Director Cristina Gabriela Bita sold 621 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $127.60, for a total value of $79,239.60. Following the completion of the sale, the director owned 8,208 shares in the company, valued at approximately $1,047,340.80. This represents a 7.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on PLD. Barclays restated an “overweight” rating and issued a $139.00 price objective on shares of Prologis in a research report on Tuesday, January 13th. Mizuho boosted their price objective on Prologis from $138.00 to $143.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Evercore increased their target price on Prologis from $118.00 to $121.00 and gave the company an “in-line” rating in a research report on Thursday, January 22nd. Truist Financial dropped their price target on shares of Prologis from $142.00 to $139.00 and set a “buy” rating on the stock in a research note on Monday, January 26th. Finally, Freedom Capital cut shares of Prologis from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. Fourteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $136.95.

Prologis Stock Performance

Shares of NYSE:PLD opened at $142.44 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.58 and a quick ratio of 0.58. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $143.95. The firm has a market capitalization of $132.41 billion, a PE ratio of 40.12, a P/E/G ratio of 3.53 and a beta of 1.42. The business’s 50 day moving average price is $132.89 and its 200-day moving average price is $124.20.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.44. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The company had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter last year, the firm posted $1.42 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, equities research analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be paid a dividend of $1.07 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $4.28 annualized dividend and a yield of 3.0%. This is a boost from Prologis’s previous quarterly dividend of $1.01. Prologis’s dividend payout ratio is currently 113.80%.

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.