E. Ohman J or Asset Management AB Has $40.84 Million Stake in Prologis, Inc. $PLD

E. Ohman J or Asset Management AB lessened its stake in shares of Prologis, Inc. (NYSE:PLD) by 11.4% during the first quarter, Holdings Channel reports. The fund owned 308,990 shares of the real estate investment trust’s stock after selling 39,709 shares during the quarter. Prologis comprises 1.1% of E. Ohman J or Asset Management AB’s investment portfolio, making the stock its 19th largest position. E. Ohman J or Asset Management AB’s holdings in Prologis were worth $40,842,000 at the end of the most recent reporting period.

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

Insider Activity

In other news, CFO Timothy D. Arndt sold 3,597 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $150.00, for a total value of $539,550.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.52% of the stock is currently owned by insiders.

Prologis Stock Up 0.1%

PLD stock opened at $140.63 on Friday. The firm has a market capitalization of $131.11 billion, a PE ratio of 35.42, a P/E/G ratio of 3.09 and a beta of 1.32. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.60. Prologis, Inc. has a twelve month low of $103.41 and a twelve month high of $150.18. The stock’s 50 day moving average is $142.91 and its 200-day moving average is $136.05.

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

Prologis Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a $1.07 dividend. 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 presently 107.81%.

Analyst Ratings Changes

Several research firms have recently commented on PLD. Weiss Ratings upgraded Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 1st. Scotiabank downgraded shares of Prologis from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the company from $154.00 to $146.00 in a research report on Thursday. Robert W. Baird boosted their price target on shares of Prologis from $133.00 to $136.00 and gave the company a “neutral” rating in a research note on Friday, April 17th. Wells Fargo & Company boosted their price target on shares of Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Finally, BNP Paribas Exane upped 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. Fifteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $151.48.

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.