Fjarde AP Fonden Fourth Swedish National Pension Fund Grows Stock Holdings in Prologis, Inc. $PLD

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Prologis, Inc. (NYSE:PLD) by 61.5% during the first quarter, HoldingsChannel reports. The fund owned 254,233 shares of the real estate investment trust’s stock after purchasing an additional 96,812 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Prologis were worth $33,605,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Nvwm LLC raised its position in shares of Prologis by 6,069.7% in the fourth quarter. Nvwm LLC now owns 15,486 shares of the real estate investment trust’s stock worth $1,977,000 after buying an additional 15,235 shares in the last quarter. CIBC Bancorp USA Inc. bought a new stake in shares of Prologis during the 3rd quarter valued at about $42,158,000. Murphy Middleton Hinkle & Parker Inc. purchased a new position in shares of Prologis during the fourth quarter worth about $2,581,000. Avanza Fonder AB increased its position in shares of Prologis by 8.4% in the fourth quarter. Avanza Fonder AB now owns 70,789 shares of the real estate investment trust’s stock worth $9,037,000 after purchasing an additional 5,508 shares during the last quarter. Finally, Menora Mivtachim Holdings LTD. increased its position in shares of Prologis by 75.5% in the third quarter. Menora Mivtachim Holdings LTD. now owns 1,280,377 shares of the real estate investment trust’s stock worth $146,629,000 after purchasing an additional 551,000 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Robert W. Baird lifted their target price on shares of Prologis from $133.00 to $136.00 and gave the company a “neutral” rating in a research report on Friday, April 17th. BNP Paribas Exane increased their price target on shares of Prologis from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. Evercore set a $135.00 price objective on shares of Prologis in a report on Friday, April 17th. Jefferies Financial Group dropped their price objective on shares of Prologis from $157.00 to $155.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Finally, UBS Group upped their target price on shares of Prologis from $148.00 to $161.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Fifteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $152.00.

Prologis Stock Performance

NYSE:PLD opened at $139.21 on Friday. The company has a market capitalization of $129.79 billion, a price-to-earnings ratio of 35.07, a PEG ratio of 2.97 and a beta of 1.32. The business has a 50 day moving average of $142.83 and a 200 day moving average of $136.82. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51. Prologis, Inc. has a 1-year low of $103.41 and a 1-year high of $150.18.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.24. The business had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the business earned $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, sell-side analysts predict that Prologis, Inc. will post 6.17 earnings per share for the current fiscal year.

Prologis Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were issued a dividend of $1.07 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $4.28 annualized dividend and a dividend yield of 3.1%. Prologis’s dividend payout ratio (DPR) is currently 107.81%.

Insider Buying and Selling

In related news, CFO Timothy D. Arndt sold 3,597 shares of Prologis stock in a transaction on 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 legal filing with the SEC, which is accessible through this hyperlink. 0.52% of the stock is currently owned by insiders.

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.