Cardano Risk Management B.V. Has $1.43 Billion Holdings in Prologis, Inc. $PLD

Cardano Risk Management B.V. grew its stake in Prologis, Inc. (NYSE:PLD) by 999.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 11,228,730 shares of the real estate investment trust’s stock after buying an additional 10,207,267 shares during the quarter. Prologis accounts for 1.5% of Cardano Risk Management B.V.’s holdings, making the stock its 16th biggest position. Cardano Risk Management B.V.’s holdings in Prologis were worth $1,433,460,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Prologis by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock valued at $15,743,451,000 after buying an additional 1,258,407 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Prologis by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 23,012,940 shares of the real estate investment trust’s stock valued at $2,925,791,000 after buying an additional 339,906 shares during the period. Capital Research Global Investors boosted its holdings in shares of Prologis by 4.4% in the fourth quarter. Capital Research Global Investors now owns 16,061,390 shares of the real estate investment trust’s stock valued at $2,050,397,000 after buying an additional 678,363 shares during the period. Norges Bank acquired a new position in Prologis during the fourth quarter worth $1,589,125,000. Finally, Legal & General Group Plc boosted its holdings in Prologis by 6.1% during the fourth quarter. Legal & General Group Plc now owns 11,443,741 shares of the real estate investment trust’s stock worth $1,460,908,000 after purchasing an additional 661,502 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PLD. JPMorgan Chase & Co. increased their target price on shares of Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. BMO Capital Markets upgraded shares of Prologis from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $137.00 to $162.00 in a report on Thursday, May 7th. UBS Group increased their target price on shares of Prologis from $148.00 to $161.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Finally, DA Davidson increased 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. Sixteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $151.86.

Prologis Stock Up 0.9%

NYSE:PLD opened at $148.49 on Friday. The firm’s 50 day simple moving average is $141.99 and its 200 day simple moving average is $135.51. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51. Prologis, Inc. has a one year low of $103.41 and a one year high of $149.70. The company has a market cap of $138.44 billion, a PE ratio of 37.40, a P/E/G ratio of 3.24 and a beta of 1.32.

Prologis (NYSE:PLD) last posted its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, topping 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 business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same period last year, the company earned $1.43 EPS. The firm’s revenue was up 6.9% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, research analysts anticipate that Prologis, Inc. will post 6.18 earnings per share for the current year.

Prologis Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a $1.07 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.9%. Prologis’s payout ratio is 107.81%.

Prologis 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.