Tredje AP fonden boosted its position in Prologis, Inc. (NYSE:PLD – Free Report) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 253,751 shares of the real estate investment trust’s stock after purchasing an additional 6,751 shares during the quarter. Tredje AP fonden’s holdings in Prologis were worth $32,394,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the company. Brighton Jones LLC grew its position in shares of Prologis by 629.0% in the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock worth $1,847,000 after buying an additional 15,078 shares during the last quarter. Schnieders Capital Management LLC. lifted its position in Prologis by 45.4% during the second 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. Walleye Capital LLC acquired a new stake in Prologis in the second quarter valued at approximately $422,000. NewEdge Advisors LLC boosted its stake in Prologis by 6.8% in the second quarter. NewEdge Advisors LLC now owns 63,829 shares of the real estate investment trust’s stock valued at $6,710,000 after acquiring an additional 4,074 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in Prologis by 2.4% in the second 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 purchasing an additional 10,266 shares during the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
PLD has been the topic of a number of recent analyst reports. DA Davidson upped their price target on Prologis from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. The Goldman Sachs Group restated a “neutral” rating and set a $157.00 target price on shares of Prologis in a research note on Friday, April 17th. Truist Financial upped their target price on Prologis from $139.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Citigroup increased their price target on Prologis from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Finally, Royal Bank Of Canada raised their price target on Prologis from $135.00 to $148.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 28th. Sixteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $149.76.
Prologis Trading Up 1.2%
NYSE:PLD opened at $142.26 on Tuesday. The company has a market capitalization of $132.63 billion, a P/E ratio of 35.83, a PEG ratio of 3.10 and a beta of 1.33. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60. Prologis, Inc. has a 12 month low of $103.02 and a 12 month high of $145.44. The firm has a fifty day simple moving average of $137.10 and a 200-day simple moving average of $132.85.
Prologis (NYSE:PLD – Get Free Report) last released its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.24. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the prior year, the firm earned $1.43 EPS. The firm’s revenue was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, equities research analysts anticipate that Prologis, Inc. will post 6.17 earnings per share for the current year.
Prologis Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Tuesday, June 16th. Prologis’s dividend payout ratio (DPR) is presently 107.81%.
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.
See Also
- Five stocks we like better than Prologis
- Why Applied Optoelectronics Stock May Be Near a Turning Point
- From High-Yield to High-Growth: 3 Stocks Boosting Dividends
- Is Everspin Technologies the Next AI Edge Breakout?
- 5 Robotics Stocks to Watch as Physical AI Builds Momentum
Want to see what other hedge funds are holding PLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Prologis, Inc. (NYSE:PLD – Free Report).
Receive News & Ratings for Prologis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prologis and related companies with MarketBeat.com's FREE daily email newsletter.
