Cardano Risk Management B.V. Sells 10,046,420 Shares of Prologis, Inc. $PLD

Cardano Risk Management B.V. decreased its position in Prologis, Inc. (NYSE:PLDFree Report) by 89.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,182,310 shares of the real estate investment trust’s stock after selling 10,046,420 shares during the period. Prologis comprises approximately 1.5% of Cardano Risk Management B.V.’s portfolio, making the stock its 16th biggest holding. Cardano Risk Management B.V.’s holdings in Prologis were worth $156,277,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of PLD. High Point Wealth Management LLC bought a new stake in shares of Prologis in the fourth quarter valued at $26,000. Ares Financial Consulting LLC bought a new position in shares of Prologis during the 4th quarter worth $26,000. Eagle Bay Advisors LLC bought a new position in shares of Prologis during the 4th quarter worth $27,000. SouthState Bank Corp increased its holdings in Prologis by 73.1% in the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 95 shares during the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new stake in Prologis in the 4th quarter worth about $29,000. 93.50% of the stock is owned by institutional investors.

Trending Headlines about Prologis

Here are the key news stories impacting Prologis this week:

  • Positive Sentiment: Prologis publicly disclosed its strategic bid for Segro and said there is a clear rationale for combining the two industrial property portfolios, raising the possibility of a larger future transaction. Reuters article on Segro rejecting Prologis bid
  • Positive Sentiment: Analysts said Prologis may have room to increase its offer, keeping M&A speculation alive and potentially supporting investor sentiment around growth through acquisition. Proactive Investors article on a higher offer
  • Neutral Sentiment: Several market commentaries highlighted Prologis as a name benefiting from a broader rotation into property stocks and from interest in data-center and AI-related build-outs, but these were largely thematic rather than company-specific catalysts. Kalkine Media article on market rotation
  • Neutral Sentiment: Separate articles noted Prologis remains on analysts’ watch lists due to earnings growth and price strength, reinforcing a constructive long-term view but adding no new near-term catalyst. Zacks article on earnings growth and price strength
  • Negative Sentiment: Segro’s rejection means the takeover process is stalled for now, creating uncertainty about whether Prologis can complete a deal or secure terms that justify a higher valuation.

Insider Activity

In related news, CFO Timothy D. Arndt sold 3,597 shares of Prologis stock in a transaction on Monday, June 15th. The stock was sold at an average price of $150.00, for a total transaction of $539,550.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.52% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on PLD shares. DA Davidson upped their price objective on shares of Prologis from $140.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Argus upped their price target on shares of Prologis from $135.00 to $152.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Truist Financial raised their price objective on shares of Prologis from $139.00 to $154.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Wells Fargo & Company boosted their target price on shares of Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Fifteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $151.48.

Check Out Our Latest Stock Analysis on Prologis

Prologis Price Performance

Shares of NYSE:PLD opened at $140.89 on Thursday. The company has a 50 day moving average of $143.26 and a 200 day moving average of $136.41. 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 stock has a market cap of $131.36 billion, a P/E ratio of 35.49, a P/E/G ratio of 3.15 and a beta of 1.32. Prologis, Inc. has a 12 month low of $103.41 and a 12 month high of $150.18.

Prologis (NYSE:PLDGet Free Report) last posted its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (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 analysts’ expectations of $2.12 billion. During the same period in the prior year, the company posted $1.43 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, sell-side analysts forecast that Prologis, Inc. will post 6.18 EPS for the current fiscal year.

Prologis Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Tuesday, June 16th. Prologis’s dividend payout ratio (DPR) is 107.81%.

About Prologis

(Free Report)

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

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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