Cardano Risk Management B.V. Acquires 10,207,267 Shares of Prologis, Inc. $PLD

Cardano Risk Management B.V. grew its holdings in shares of Prologis, Inc. (NYSE:PLD) by 999.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,228,730 shares of the real estate investment trust’s stock after purchasing an additional 10,207,267 shares during the quarter. Prologis comprises about 1.5% of Cardano Risk Management B.V.’s investment portfolio, making the stock its 16th biggest position. Cardano Risk Management B.V. owned approximately 1.21% of Prologis worth $1,433,460,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. High Point Wealth Management LLC acquired a new position in Prologis in the 4th quarter valued at $26,000. Ares Financial Consulting LLC acquired a new position in Prologis in the 4th quarter valued at $26,000. Eagle Bay Advisors LLC acquired a new position in Prologis in the 4th quarter valued at $27,000. SouthState Bank Corp grew its stake in Prologis by 73.1% in the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 95 shares during the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new position in Prologis in the 4th quarter valued at $29,000. Institutional investors own 93.50% of the company’s stock.

Prologis Trading Up 0.9%

PLD opened at $148.49 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51. The company has a market cap of $138.44 billion, a price-to-earnings ratio of 37.40, a price-to-earnings-growth ratio of 3.24 and a beta of 1.32. The firm has a 50 day simple moving average of $141.99 and a 200 day simple moving average of $135.51. Prologis, Inc. has a fifty-two week low of $103.41 and a fifty-two week high of $149.70.

Prologis (NYSE:PLD) last issued its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, beating the consensus estimate of $0.81 by $0.24. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the prior year, the firm earned $1.43 earnings per share. The business’s quarterly revenue was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, sell-side analysts anticipate that Prologis, Inc. will post 6.18 earnings per share for the current year.

Prologis Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s dividend payout ratio is presently 107.81%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Bank of America raised their target price on shares of Prologis from $153.00 to $162.00 and gave the company a “buy” rating in a research note on Monday, April 20th. DA Davidson raised their price target on shares of Prologis from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Finally, BTIG Research restated a “buy” rating and issued a $155.00 price target on shares of Prologis in a research report on Wednesday, April 15th. Sixteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.