Andra AP fonden Purchases 17,700 Shares of Prologis, Inc. $PLD

Andra AP fonden raised its position in shares of Prologis, Inc. (NYSE:PLD) by 11.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 174,728 shares of the real estate investment trust’s stock after purchasing an additional 17,700 shares during the quarter. Andra AP fonden’s holdings in Prologis were worth $23,670,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of PLD. Baird Financial Group Inc. raised its stake in Prologis by 20.6% during the 2nd quarter. Baird Financial Group Inc. now owns 122,809 shares of the real estate investment trust’s stock valued at $16,637,000 after purchasing an additional 21,000 shares during the period. Callan Family Office LLC purchased a new stake in Prologis during the 2nd quarter valued at approximately $3,394,000. BlackRock Inc. bought a new stake in shares of Prologis during the second quarter valued at approximately $14,006,587,000. AssuredPartners Investment Advisors LLC bought a new stake in shares of Prologis during the second quarter valued at approximately $3,436,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Prologis by 4.5% in the first quarter. The Manufacturers Life Insurance Company now owns 772,814 shares of the real estate investment trust’s stock worth $102,151,000 after buying an additional 33,172 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors.

Prologis Price Performance

PLD traded down $0.10 during trading hours on Tuesday, hitting $135.72. The company’s stock had a trading volume of 813,725 shares, compared to its average volume of 3,746,483. The business’s 50-day moving average price is $141.12 and its 200-day moving average price is $140.17. Prologis, Inc. has a 12 month low of $111.03 and a 12 month high of $153.35. The stock has a market cap of $126.63 billion, a price-to-earnings ratio of 30.22 and a beta of 1.30. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63.

Prologis (NYSE:PLD) last released its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, beating the consensus estimate of $0.75 by $0.38. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The business had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same quarter last year, the business earned $1.46 earnings per share. Prologis’s quarterly revenue was up 11.0% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Sell-side analysts expect that Prologis, Inc. will post 6.27 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be issued a $1.07 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.2%. Prologis’s dividend payout ratio (DPR) is presently 95.32%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on PLD shares. Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. BTIG Research boosted their price target on shares of Prologis from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Truist Financial increased their price objective on shares of Prologis from $154.00 to $162.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Weiss Ratings lowered Prologis from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, August 26th. Finally, Wells Fargo & Company reduced their target price on Prologis from $167.00 to $166.00 and set an “overweight” rating on the stock in a report on Tuesday, September 1st. Sixteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $154.52.

Prologis Profile

Prologis, Inc is a global real estate investment trust (REIT) that owns, develops, acquires and manages logistics and industrial properties. Its portfolio is designed to support supply-chain operations and includes distribution centers, warehouses, fulfillment facilities and other industrial buildings used by manufacturers, retailers, transportation companies and logistics providers.

The company also provides related property and business services, including facility management, leasing, development and customer-focused solutions through its Prologis Essentials platform.