Skandinaviska Enskilda Banken AB publ Has $19.88 Million Holdings in Prologis, Inc. $PLD

Skandinaviska Enskilda Banken AB publ cut its position in shares of Prologis, Inc. (NYSE:PLD) by 4.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 173,552 shares of the real estate investment trust’s stock after selling 8,766 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Prologis were worth $19,875,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Clayton Financial Group LLC acquired a new position in shares of Prologis in the 3rd quarter valued at $26,000. Silver Oak Securities Incorporated bought a new stake in Prologis in the third quarter valued at about $36,000. AlphaQuest LLC bought a new stake in Prologis in the third quarter valued at about $39,000. Twin Peaks Wealth Advisors LLC acquired a new position in Prologis in the second quarter worth about $44,000. Finally, SJS Investment Consulting Inc. bought a new position in Prologis during the third quarter worth about $44,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Stock Up 2.0%

Shares of NYSE:PLD opened at $141.79 on Wednesday. The company has a quick ratio of 0.64, a current ratio of 0.19 and a debt-to-equity ratio of 0.61. The firm has a market cap of $131.70 billion, a P/E ratio of 39.94, a P/E/G ratio of 3.44 and a beta of 1.42. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $141.95. The company’s 50-day moving average price is $131.00 and its two-hundred day moving average price is $122.48.

Prologis (NYSE:PLD) last announced its earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.44. Prologis had a net margin of 37.86% and a return on equity of 5.78%. The company had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period in the prior year, the business earned $1.42 earnings per share. Prologis’s quarterly revenue was up 7.8% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, research analysts forecast that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a dividend of $1.07 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $4.28 annualized dividend and a yield of 3.0%. This is a positive change from Prologis’s previous quarterly dividend of $1.01. Prologis’s dividend payout ratio (DPR) is currently 113.80%.

Insider Buying and Selling

In other news, Director Cristina Gabriela Bita sold 621 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $127.60, for a total transaction of $79,239.60. Following the completion of the sale, the director owned 8,208 shares in the company, valued at $1,047,340.80. The trade was a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Truist Financial lowered their price objective on Prologis from $142.00 to $139.00 and set a “buy” rating on the stock in a research note on Monday, January 26th. Barclays reiterated an “overweight” rating and set a $139.00 price objective on shares of Prologis in a research note on Tuesday, January 13th. Royal Bank Of Canada lifted their price objective on Prologis from $132.00 to $135.00 and gave the company a “sector perform” rating in a report on Monday, February 2nd. Evercore boosted their target price on shares of Prologis from $118.00 to $121.00 and gave the company an “in-line” rating in a research note on Thursday, January 22nd. Finally, Scotiabank upgraded shares of Prologis from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $133.00 to $146.00 in a research report on Wednesday, January 14th. Thirteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.89.

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.