LGT Fund Management Co Ltd. decreased its holdings in Prologis, Inc. (NYSE:PLD – Free Report) by 23.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,905 shares of the real estate investment trust’s stock after selling 6,300 shares during the period. LGT Fund Management Co Ltd.’s holdings in Prologis were worth $2,763,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nvwm LLC increased its holdings in Prologis by 6,069.7% in the 4th quarter. Nvwm LLC now owns 15,486 shares of the real estate investment trust’s stock valued at $1,977,000 after acquiring an additional 15,235 shares during the last quarter. CIBC Bancorp USA Inc. bought a new position in shares of Prologis during the 3rd quarter valued at about $42,158,000. Murphy Middleton Hinkle & Parker Inc. purchased a new position in shares of Prologis during the fourth quarter valued at about $2,581,000. Avanza Fonder AB grew its position in shares of Prologis by 8.4% during the fourth quarter. Avanza Fonder AB now owns 70,789 shares of the real estate investment trust’s stock valued at $9,037,000 after purchasing an additional 5,508 shares in the last quarter. Finally, Bank of Nova Scotia grew its position in shares of Prologis by 30.3% during the third quarter. Bank of Nova Scotia now owns 154,542 shares of the real estate investment trust’s stock valued at $17,698,000 after purchasing an additional 35,922 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.
Analyst Ratings Changes
PLD has been the topic of a number of research analyst reports. BMO Capital Markets decreased their target price on Prologis from $162.00 to $158.00 and set an “outperform” rating on the stock in a research report on Monday, June 29th. Royal Bank Of Canada raised their price target on Prologis from $135.00 to $148.00 and gave the company a “sector perform” rating in a report on Tuesday, April 28th. Citigroup lifted their price objective on Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Truist Financial upped their price objective on Prologis from $139.00 to $154.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Finally, Bank of America increased their target price on Prologis from $153.00 to $162.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Fifteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Prologis has an average rating of “Moderate Buy” and a consensus target price of $152.00.
Key Prologis News
Here are the key news stories impacting Prologis this week:
- Positive Sentiment: Prologis is pressing SEGRO’s board to enter talks on its merger proposal, signaling a potentially transformative strategic move that could expand its platform if a deal advances. Prologis Pushes for Talks on $16.9 Billion Segro Bid
- Positive Sentiment: Analyst commentary around the SEGRO bid suggests the transaction’s potential upside is still attracting market attention, even as some of that upside may already be reflected in valuation. Analyst Downgrades Segro to Hold as Prologis Bid Upside Appears Priced In, Highlighting Execution and Valuation Risks
- Positive Sentiment: Coverage focusing on logistics demand and Prologis as a growth stock may be supporting sentiment by highlighting its role in a still-relevant industrial real estate theme. Prologis (NYSE:PLD): Can Logistics Demand Drive the Next Move?
- Neutral Sentiment: Several recent articles were generic watchlist and earnings-preview pieces, which add visibility but do not materially change the investment case on their own. Top Growth Stocks To Watch Today – July 9th
- Neutral Sentiment: Investors are also watching Prologis ahead of earnings, but this appears to be a standard catalyst rather than a new development. Prologis (PLD) Expected to Post Earnings on Thursday
- Negative Sentiment: Some commentary highlights execution and valuation risks around the SEGRO deal, which could weigh on sentiment if investors worry the acquisition will be expensive or difficult to complete. Analyst Downgrades Segro to Hold as Prologis Bid Upside Appears Priced In, Highlighting Execution and Valuation Risks
Insider Activity at Prologis
In related news, CFO Timothy D. Arndt sold 3,597 shares of Prologis stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $150.00, for a total transaction of $539,550.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.52% of the company’s stock.
Prologis Stock Performance
NYSE PLD opened at $140.91 on Monday. The company has a market cap of $131.38 billion, a P/E ratio of 35.49 and a beta of 1.32. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51. The business’s 50 day moving average price is $142.82 and its 200-day moving average price is $137.37. Prologis, Inc. has a fifty-two week low of $103.41 and a fifty-two week high of $150.18.
Prologis (NYSE:PLD – Get Free Report) last issued its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.24. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate 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 last year, the company earned $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Sell-side analysts predict that Prologis, Inc. will post 6.17 earnings per share for the current year.
Prologis Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were issued a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Tuesday, June 16th. Prologis’s dividend payout ratio (DPR) 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.
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