Prologis, Inc. $PLD Shares Bought by Swedbank AB

Swedbank AB grew its position in shares of Prologis, Inc. (NYSE:PLD) by 36.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 7,664,583 shares of the real estate investment trust’s stock after purchasing an additional 2,038,329 shares during the quarter. Prologis accounts for about 0.9% of Swedbank AB’s holdings, making the stock its 16th biggest holding. Swedbank AB’s holdings in Prologis were worth $978,461,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of PLD. Brighton Jones LLC raised its stake in shares of Prologis by 629.0% during the fourth quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock valued at $1,847,000 after purchasing an additional 15,078 shares in the last quarter. Schnieders Capital Management LLC. raised its holdings in 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 worth $1,128,000 after buying an additional 3,350 shares during the period. Walleye Capital LLC acquired a new stake in Prologis during the 2nd quarter worth about $422,000. NewEdge Advisors LLC raised its holdings in Prologis by 6.8% during the 2nd quarter. NewEdge Advisors LLC now owns 63,829 shares of the real estate investment trust’s stock worth $6,710,000 after buying an additional 4,074 shares during the period. Finally, Treasurer of the State of North Carolina raised its holdings in Prologis by 2.4% during the 2nd quarter. Treasurer of the State of North Carolina now owns 433,312 shares of the real estate investment trust’s stock worth $45,550,000 after buying an additional 10,266 shares during the period. 93.50% of the stock is currently owned by institutional investors.

Prologis Stock Performance

Shares of NYSE PLD opened at $140.27 on Wednesday. The business has a fifty day simple moving average of $136.75 and a 200 day simple moving average of $131.76. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $130.78 billion, a price-to-earnings ratio of 35.33, a PEG ratio of 3.06 and a beta of 1.33. Prologis, Inc. has a one year low of $103.02 and a one year high of $145.44.

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 analysts’ consensus estimates of $0.81 by $0.24. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.12 billion. Prologis had a return on equity of 6.47% and a net margin of 41.54%.Prologis’s revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Sell-side analysts expect that Prologis, Inc. will post 6.17 EPS for the current year.

Prologis Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Tuesday, June 16th. Prologis’s dividend payout ratio is presently 107.81%.

Analyst Ratings Changes

Several research firms have issued reports on PLD. BTIG Research restated a “buy” rating and set a $155.00 price objective on shares of Prologis in a report on Wednesday, April 15th. Robert W. Baird lifted their target price on Prologis from $133.00 to $136.00 and gave the company a “neutral” rating in a research note on Friday, April 17th. UBS Group lifted their target price on Prologis from $148.00 to $161.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Weiss Ratings raised Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $157.00 target price on shares of Prologis in a research note on Friday, April 17th. Fifteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Prologis presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.90.

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.