Prologis, Inc. $PLD Position Increased by Swedbank AB

Swedbank AB boosted its position in Prologis, Inc. (NYSE:PLD) by 6.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,089,767 shares of the real estate investment trust’s stock after purchasing an additional 291,970 shares during the quarter. Swedbank AB owned about 0.55% of Prologis worth $535,036,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in PLD. Brighton Jones LLC raised its holdings in Prologis by 629.0% during the fourth quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock worth $1,847,000 after purchasing an additional 15,078 shares in the last quarter. Woodline Partners LP bought a new stake in shares of Prologis in the 4th quarter worth $3,800,000. Voloridge Investment Management LLC bought a new stake in Prologis in the fourth quarter worth about $4,561,000. White Knight Strategic Wealth Advisors LLC raised its position in Prologis by 34.9% in the fourth quarter. White Knight Strategic Wealth Advisors LLC now owns 4,770 shares of the real estate investment trust’s stock worth $504,000 after acquiring an additional 1,233 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC raised its position in Prologis by 7.0% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 3,917 shares of the real estate investment trust’s stock worth $414,000 after acquiring an additional 256 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Insider Buying and Selling at Prologis

In other news, Director Cristina Gabriela Bita sold 1,000 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $111.00, for a total value of $111,000.00. Following the sale, the director owned 9,829 shares in the company, valued at approximately $1,091,019. This trade represents a 9.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Lori A. Palazzolo sold 25,000 shares of the business’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $111.33, for a total transaction of $2,783,250.00. Following the transaction, the chief accounting officer owned 414 shares in the company, valued at approximately $46,090.62. The trade was a 98.37% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.57% of the company’s stock.

Prologis Stock Performance

Shares of NYSE PLD opened at $113.86 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market cap of $105.69 billion, a price-to-earnings ratio of 30.86, a P/E/G ratio of 2.86 and a beta of 1.26. The business’s 50-day simple moving average is $109.63 and its 200-day simple moving average is $107.86. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $129.51.

Prologis (NYSE:PLD) last posted its earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.05. Prologis had a net margin of 40.29% and a return on equity of 5.96%. The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period last year, the business posted $1.34 EPS. Prologis’s revenue was up 8.8% compared to the same quarter last year. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. As a group, equities research analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be issued a $1.01 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $4.04 dividend on an annualized basis and a yield of 3.5%. Prologis’s dividend payout ratio (DPR) is 109.49%.

Wall Street Analyst Weigh In

A number of analysts recently commented on PLD shares. Evercore ISI boosted their target price on shares of Prologis from $111.00 to $113.00 and gave the stock an “in-line” rating in a report on Monday. Citigroup dropped their target price on shares of Prologis from $150.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. Bank of America raised Prologis from a “neutral” rating to a “buy” rating and upped their price target for the company from $118.00 to $130.00 in a report on Tuesday. Mizuho set a $118.00 price target on Prologis and gave the company an “outperform” rating in a report on Tuesday, August 19th. Finally, Scotiabank set a $114.00 target price on Prologis and gave the stock a “sector perform” rating in a research report on Wednesday, August 27th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Prologis presently has a consensus rating of “Moderate Buy” and an average price target of $122.58.

About Prologis

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At March 31, 2024, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 1.2 billion square feet (115 million square meters) in 19 countries.