Andra AP fonden Purchases 104,009 Shares of Prologis, Inc. $PLD

Andra AP fonden grew its position in shares of Prologis, Inc. (NYSE:PLD) by 196.2% during the first quarter, HoldingsChannel reports. The institutional investor owned 157,028 shares of the real estate investment trust’s stock after purchasing an additional 104,009 shares during the period. Andra AP fonden’s holdings in Prologis were worth $20,756,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. Wilkerson Advisory Group LLC raised its position in Prologis by 93.2% in the 1st quarter. Wilkerson Advisory Group LLC now owns 342 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 165 shares during the last quarter. Glenview Trust Co boosted its holdings in shares of Prologis by 1.1% during the 1st quarter. Glenview Trust Co now owns 18,493 shares of the real estate investment trust’s stock valued at $2,444,000 after acquiring an additional 196 shares during the last quarter. Madison Asset Management LLC boosted its holdings in shares of Prologis by 6.1% during the 1st quarter. Madison Asset Management LLC now owns 27,216 shares of the real estate investment trust’s stock valued at $3,597,000 after acquiring an additional 1,561 shares during the last quarter. Alpha Zero LLC bought a new stake in shares of Prologis in the first quarter worth approximately $214,000. Finally, Earned Wealth Advisors LLC bought a new stake in shares of Prologis in the first quarter worth approximately $217,000. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PLD has been the topic of a number of research analyst reports. The Goldman Sachs Group restated a “neutral” rating and set a $157.00 price objective on shares of Prologis in a research report on Friday, April 17th. Raymond James Financial started coverage on shares of Prologis in a research report on Thursday, June 18th. They issued a “market perform” rating for the company. Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a research note on Saturday. JPMorgan Chase & Co. increased their price target on Prologis from $141.00 to $157.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Finally, Truist Financial raised their price target on Prologis from $139.00 to $154.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Fifteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $153.24.

Insider Transactions at Prologis

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $150.00, for a total transaction of $539,550.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.52% of the company’s stock.

More Prologis News

Here are the key news stories impacting Prologis this week:

• Negative Sentiment: SEGRO rejected Prologis’ revised takeover offer for the third time, reducing the odds of a deal and weighing on investor sentiment toward PLD. Reuters article
• Negative Sentiment: Prologis’ sweetened bid was publicly rejected again, suggesting management may need to either walk away or pay up further, both of which can create uncertainty for shareholders. Yahoo Finance article
• Neutral Sentiment: Trading activity in Prologis’ stock has climbed within the S&P 500, which points to elevated investor attention but does not by itself explain a clear directional move. Kalkine Media article
• Neutral Sentiment: Momentum-focused commentary and “top growth stock” mentions may support the longer-term bull case, but these pieces are less likely to drive today’s trading than the SEGRO news. Zacks article
• Positive Sentiment: Recent earnings-related coverage highlighted strong lease signings and an improved outlook, which continues to support the stock’s fundamental backdrop even as merger speculation creates volatility. Yahoo Finance article

Prologis Price Performance

Shares of Prologis stock opened at $147.43 on Tuesday. The stock has a market cap of $137.46 billion, a P/E ratio of 32.84 and a beta of 1.32. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.51 and a current ratio of 0.27. The stock’s fifty day moving average is $143.20 and its 200 day moving average is $138.10. Prologis, Inc. has a one year low of $103.41 and a one year high of $153.35.

Prologis (NYSE:PLD) last released its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.38. The business had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.Prologis’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Sell-side analysts anticipate that Prologis, Inc. will post 6.26 earnings per share for the current year.

Prologis Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were paid a dividend of $1.07 per share. The ex-dividend date was Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.9%. Prologis’s payout ratio is 95.32%.

Prologis 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.