BI Asset Management Fondsmaeglerselskab A S Sells 38,161 Shares of Prologis, Inc. $PLD

BI Asset Management Fondsmaeglerselskab A S trimmed its holdings in Prologis, Inc. (NYSE:PLD) by 51.8% in the first quarter, Holdings Channel reports. The fund owned 35,541 shares of the real estate investment trust’s stock after selling 38,161 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Prologis were worth $4,698,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of PLD. High Point Wealth Management LLC bought a new position in shares of Prologis during the 4th quarter valued at about $26,000. Ares Financial Consulting LLC acquired a new position in shares of Prologis in the 4th quarter valued at approximately $26,000. Eagle Bay Advisors LLC bought a new stake in Prologis during the 4th quarter worth approximately $27,000. SouthState Bank Corp increased its stake in Prologis by 73.1% during the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 95 shares in the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new stake in Prologis during the 4th quarter worth approximately $29,000. 93.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on PLD. JPMorgan Chase & Co. lifted their price target on shares of Prologis from $141.00 to $157.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Raymond James Financial initiated coverage on shares of Prologis in a research report on Thursday, June 18th. They set a “market perform” rating for the company. Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Morgan Stanley boosted their price objective on shares of Prologis from $135.00 to $151.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 26th. Finally, Royal Bank Of Canada increased their price objective on Prologis from $135.00 to $148.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 28th. Fifteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $151.48.

Insider Activity

In related news, CFO Timothy D. Arndt sold 3,597 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $150.00, for a total transaction of $539,550.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.52% of the company’s stock.

Prologis Stock Performance

Shares of PLD opened at $143.66 on Tuesday. The stock has a market capitalization of $133.94 billion, a price-to-earnings ratio of 36.19, a PEG ratio of 3.05 and a beta of 1.32. Prologis, Inc. has a 12 month low of $103.41 and a 12 month high of $150.18. The firm has a fifty day simple moving average of $143.02 and a 200 day simple moving average of $136.21. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (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 for the quarter, compared to analyst estimates of $2.12 billion. During the same period in the previous year, the business earned $1.43 EPS. The company’s revenue was up 6.9% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Research analysts forecast 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. Investors 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 dividend on an annualized basis and a dividend yield of 3.0%. Prologis’s payout ratio is currently 107.81%.

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.