Handelsbanken Fonder AB Raises Stake in Prologis, Inc. $PLD

Handelsbanken Fonder AB boosted its position in Prologis, Inc. (NYSE:PLD) by 42.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 508,680 shares of the real estate investment trust’s stock after buying an additional 150,444 shares during the period. Handelsbanken Fonder AB’s holdings in Prologis were worth $64,938,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Csenge Advisory Group boosted its position in Prologis by 6.7% in the fourth quarter. Csenge Advisory Group now owns 7,006 shares of the real estate investment trust’s stock valued at $894,000 after buying an additional 441 shares during the last quarter. Profund Advisors LLC boosted its position in Prologis by 16.9% in the fourth quarter. Profund Advisors LLC now owns 12,696 shares of the real estate investment trust’s stock valued at $1,621,000 after buying an additional 1,831 shares during the last quarter. ProShare Advisors LLC boosted its position in Prologis by 5.6% in the fourth quarter. ProShare Advisors LLC now owns 203,582 shares of the real estate investment trust’s stock valued at $25,989,000 after buying an additional 10,738 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in Prologis by 1.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 254,740 shares of the real estate investment trust’s stock valued at $32,520,000 after buying an additional 4,471 shares during the last quarter. Finally, Stronghold Wealth Management L.L.C. purchased a new stake in Prologis in the fourth quarter valued at approximately $606,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Trading Up 1.2%

Shares of PLD stock opened at $142.26 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51. The company has a market cap of $132.63 billion, a price-to-earnings ratio of 35.83, a PEG ratio of 3.10 and a beta of 1.33. The stock has a 50 day simple moving average of $137.10 and a 200-day simple moving average of $132.85. Prologis, Inc. has a 1-year low of $103.02 and a 1-year high of $145.44.

Prologis (NYSE:PLD) last announced its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share 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%.The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, equities research analysts expect that Prologis, Inc. will post 6.17 EPS for the current fiscal year.

Prologis Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Weiss Ratings upgraded Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. BTIG Research restated a “buy” rating and issued a $155.00 price objective on shares of Prologis in a research report on Wednesday, April 15th. Evercore set a $135.00 price objective on Prologis in a research report on Friday, April 17th. DA Davidson upped their price objective on Prologis from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Finally, Wall Street Zen upgraded Prologis from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Sixteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Prologis has an average rating of “Moderate Buy” and an average target price of $149.76.

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.