Avanza Fonder AB Acquires 5,508 Shares of Prologis, Inc. $PLD

Avanza Fonder AB boosted its holdings in shares of Prologis, Inc. (NYSE:PLD) by 8.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 70,789 shares of the real estate investment trust’s stock after acquiring an additional 5,508 shares during the quarter. Avanza Fonder AB’s holdings in Prologis were worth $9,037,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of PLD. Clayton Financial Group LLC bought a new stake in shares of Prologis during the third quarter worth $26,000. True Wealth Design LLC boosted its stake in shares of Prologis by 87.1% during the fourth quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 122 shares during the period. Silver Oak Securities Incorporated bought a new position in shares of Prologis in the third quarter worth about $36,000. Rossby Financial LCC grew its holdings in shares of Prologis by 69.6% in the third quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 135 shares during the last quarter. Finally, AlphaQuest LLC purchased a new position in Prologis in the 3rd quarter worth about $39,000. Institutional investors own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PLD. Freedom Capital lowered shares of Prologis from a “strong-buy” rating to a “hold” rating in a report on Friday, January 23rd. Argus raised their target price on shares of Prologis from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. UBS Group lifted their price target on shares of Prologis from $144.00 to $148.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. BTIG Research boosted their price target on Prologis from $134.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, December 31st. Finally, Scotiabank raised Prologis from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $133.00 to $146.00 in a research note on Wednesday, January 14th. Fourteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Prologis currently has a consensus rating of “Moderate Buy” and an average price target of $137.20.

Prologis Trading Up 1.8%

NYSE:PLD opened at $130.30 on Tuesday. The stock has a market capitalization of $121.46 billion, a price-to-earnings ratio of 36.70, a PEG ratio of 3.02 and a beta of 1.41. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $143.95. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.61. The firm has a 50 day moving average of $134.83 and a 200 day moving average of $127.15.

Prologis (NYSE:PLD) last released its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.44. The business had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.09 billion. Prologis had a net margin of 37.86% and a return on equity of 5.79%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.42 earnings per share. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, sell-side analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, March 17th. This is an increase from Prologis’s previous quarterly dividend of $1.01. Prologis’s payout ratio is 120.56%.

About Prologis

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.