Handelsbanken Fonder AB Purchases 150,444 Shares of Prologis, Inc. $PLD

Handelsbanken Fonder AB lifted its position in Prologis, Inc. (NYSE:PLD) by 42.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 508,680 shares of the real estate investment trust’s stock after acquiring an additional 150,444 shares during the quarter. Handelsbanken Fonder AB owned 0.05% of Prologis worth $64,938,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Nvwm LLC grew its stake in Prologis by 6,069.7% in the fourth quarter. Nvwm LLC now owns 15,486 shares of the real estate investment trust’s stock valued at $1,977,000 after purchasing an additional 15,235 shares during the last quarter. Foresight Group Ltd Liability Partnership grew its stake in Prologis by 240.1% in the third quarter. Foresight Group Ltd Liability Partnership now owns 44,715 shares of the real estate investment trust’s stock valued at $5,109,000 after purchasing an additional 31,567 shares during the last quarter. National Pension Service grew its stake in Prologis by 2.4% in the third quarter. National Pension Service now owns 2,443,137 shares of the real estate investment trust’s stock valued at $279,788,000 after purchasing an additional 56,272 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Prologis by 3.6% in the third quarter. Envestnet Asset Management Inc. now owns 3,644,875 shares of the real estate investment trust’s stock valued at $417,411,000 after purchasing an additional 126,613 shares during the last quarter. Finally, Assetmark Inc. grew its stake in Prologis by 10.0% in the third quarter. Assetmark Inc. now owns 79,350 shares of the real estate investment trust’s stock valued at $9,087,000 after purchasing an additional 7,217 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors.

Prologis Stock Performance

PLD opened at $142.26 on Tuesday. Prologis, Inc. has a 52-week low of $103.02 and a 52-week high of $145.44. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.60. The company has a market cap of $132.63 billion, a P/E ratio of 35.83, a price-to-earnings-growth ratio of 3.10 and a beta of 1.33. The firm’s 50-day moving average price is $137.10 and its 200-day moving average price is $132.85.

Prologis (NYSE:PLD) last posted its quarterly earnings data 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 the consensus estimate of $2.12 billion. During the same quarter in the prior year, the company posted $1.43 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, equities analysts anticipate that Prologis, Inc. will post 6.17 EPS for the current fiscal year.

Prologis Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have issued reports on PLD. BTIG Research reiterated a “buy” rating and issued a $155.00 target price on shares of Prologis in a research note on Wednesday, April 15th. Truist Financial lifted their target price on Prologis from $139.00 to $154.00 and gave the company a “buy” rating in a research note on Friday, April 24th. UBS Group lifted their target price on Prologis from $148.00 to $161.00 and gave the company a “buy” rating in a research note on Friday, April 17th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $157.00 target price on shares of Prologis in a research note on Friday, April 17th. Finally, BMO Capital Markets upgraded Prologis from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $137.00 to $162.00 in a research note on Thursday, May 7th. Sixteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $149.76.

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.