BI Asset Management Fondsmaeglerselskab A S Lowers Stock Holdings in Prologis, Inc. $PLD

BI Asset Management Fondsmaeglerselskab A S reduced its position in Prologis, Inc. (NYSE:PLD) by 32.7% in the 4th quarter, Holdings Channel reports. The fund owned 73,702 shares of the real estate investment trust’s stock after selling 35,748 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Prologis were worth $9,409,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nvwm LLC lifted 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 worth $1,977,000 after buying an additional 15,235 shares in the last quarter. Foresight Group Ltd Liability Partnership lifted its holdings in Prologis by 240.1% in the 3rd quarter. Foresight Group Ltd Liability Partnership now owns 44,715 shares of the real estate investment trust’s stock worth $5,109,000 after buying an additional 31,567 shares in the last quarter. Assetmark Inc. lifted its holdings in Prologis by 10.0% in the 3rd quarter. Assetmark Inc. now owns 79,350 shares of the real estate investment trust’s stock worth $9,087,000 after buying an additional 7,217 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in Prologis by 1.9% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 754,060 shares of the real estate investment trust’s stock worth $86,355,000 after buying an additional 14,318 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its holdings in Prologis by 32.1% in the 3rd quarter. Public Sector Pension Investment Board now owns 252,188 shares of the real estate investment trust’s stock worth $28,881,000 after buying an additional 61,230 shares in the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Price Performance

PLD opened at $144.69 on Friday. The company has a 50-day moving average of $140.40 and a 200-day moving average of $134.72. The company has a market capitalization of $134.90 billion, a P/E ratio of 36.45, a PEG ratio of 3.18 and a beta of 1.32. Prologis, Inc. has a 1-year low of $103.41 and a 1-year high of $147.93. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51.

Prologis (NYSE:PLD) last released its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, topping the consensus estimate 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 net margin of 41.54% and a return on equity of 6.47%. The company’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Equities analysts expect that Prologis, Inc. will post 6.18 EPS for the current fiscal year.

Prologis Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a $1.07 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $4.28 annualized dividend and a dividend yield of 3.0%. Prologis’s payout ratio is presently 107.81%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on PLD shares. Jefferies Financial Group cut their price objective on shares of Prologis from $157.00 to $155.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Bank of America boosted their price objective on shares of Prologis from $153.00 to $162.00 and gave the stock a “buy” rating in a report on Monday, April 20th. BNP Paribas Exane boosted their price objective on shares of Prologis from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. Morgan Stanley boosted their price objective on shares of Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. Finally, Wells Fargo & Company boosted their price objective on shares of Prologis from $155.00 to $167.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Sixteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $151.86.

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.