Nykredit A S Acquires New Holdings in Prologis, Inc. $PLD

Nykredit A S bought a new stake in shares of Prologis, Inc. (NYSE:PLD) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 333,747 shares of the real estate investment trust’s stock, valued at approximately $45,213,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of PLD. Brighton Jones LLC raised its holdings in shares of Prologis by 629.0% during the fourth quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock valued at $1,847,000 after buying an additional 15,078 shares during the last quarter. Schnieders Capital Management LLC. grew its holdings in Prologis by 45.4% in the 2nd quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock worth $1,128,000 after buying an additional 3,350 shares in the last quarter. Walleye Capital LLC bought a new position in Prologis in the 2nd quarter worth approximately $422,000. NewEdge Advisors LLC increased its position in Prologis by 6.8% in the 2nd quarter. NewEdge Advisors LLC now owns 63,829 shares of the real estate investment trust’s stock valued at $6,710,000 after acquiring an additional 4,074 shares during the period. Finally, Treasurer of the State of North Carolina increased its position in Prologis by 2.4% in the 2nd quarter. Treasurer of the State of North Carolina now owns 433,312 shares of the real estate investment trust’s stock valued at $45,550,000 after acquiring an additional 10,266 shares during the period. Institutional investors own 93.50% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on PLD shares. Weiss Ratings lowered Prologis from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, August 26th. Raymond James Financial assumed coverage on shares of Prologis in a research note on Thursday, June 18th. They set a “market perform” rating on the stock. Wall Street Zen raised shares of Prologis from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Scotiabank raised their target price on shares of Prologis from $146.00 to $150.00 and gave the company a “sector perform” rating in a research note on Thursday, July 23rd. Finally, BTIG Research boosted their price target on shares of Prologis from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Sixteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $154.52.

Insider Buying and Selling at Prologis

In other news, CFO Timothy Arndt sold 3,597 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were 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 Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.52% of the company’s stock.

Prologis Stock Up 1.0%

PLD opened at $137.96 on Friday. Prologis, Inc. has a one year low of $110.51 and a one year high of $153.35. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.70 and a current ratio of 0.70. The stock’s fifty day moving average is $142.12 and its 200-day moving average is $140.60. The company has a market capitalization of $128.73 billion, a PE ratio of 30.73 and a beta of 1.30.

Prologis (NYSE:PLD) last announced its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.38. The business had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the business posted $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. On average, equities analysts predict that Prologis, Inc. will post 6.27 EPS for the current fiscal year.

Prologis Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be issued a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Wednesday, September 16th. Prologis’s dividend payout ratio is presently 95.32%.

Prologis Company 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.