Nykredit A S Takes Position in Prologis, Inc. $PLD

Nykredit A S purchased a new position in shares of Prologis, Inc. (NYSE:PLD) in the second quarter, Holdings Channel reports. The fund purchased 298,886 shares of the real estate investment trust’s stock, valued at approximately $40,490,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sandy Cove Advisors LLC increased its stake in Prologis by 1.9% in the 2nd quarter. Sandy Cove Advisors LLC now owns 3,854 shares of the real estate investment trust’s stock worth $522,000 after purchasing an additional 73 shares in the last quarter. CoreCap Advisors LLC lifted its stake in shares of Prologis by 5.0% in the 2nd quarter. CoreCap Advisors LLC now owns 1,538 shares of the real estate investment trust’s stock valued at $208,000 after purchasing an additional 73 shares during the last quarter. Boltwood Capital Management increased its position in Prologis by 1.5% during the second quarter. Boltwood Capital Management now owns 5,170 shares of the real estate investment trust’s stock worth $700,000 after buying an additional 75 shares during the last quarter. Hibernia Wealth Partners LLC raised its holdings in Prologis by 2.5% during the first quarter. Hibernia Wealth Partners LLC now owns 3,070 shares of the real estate investment trust’s stock valued at $406,000 after buying an additional 76 shares in the last quarter. Finally, Quadrant Private Wealth Management LLC raised its holdings in Prologis by 4.4% during the first quarter. Quadrant Private Wealth Management LLC now owns 1,818 shares of the real estate investment trust’s stock valued at $240,000 after buying an additional 77 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

PLD has been the subject of a number of recent analyst reports. Robert W. Baird set a $140.00 target price on Prologis in a research report on Friday, July 31st. Raymond James Financial began coverage on shares of Prologis in a research note on Thursday, June 18th. They issued a “market perform” rating for the company. BMO Capital Markets decreased their price objective on shares of Prologis from $162.00 to $158.00 and set an “outperform” rating for the company in a report on Monday, June 29th. Royal Bank Of Canada upgraded shares of Prologis from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $148.00 to $160.00 in a research note on Tuesday, August 4th. Finally, Wells Fargo & Company lowered their price target on Prologis from $167.00 to $166.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 1st. Sixteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Prologis currently has an average rating of “Moderate Buy” and a consensus target price of $154.52.

Prologis Price Performance

NYSE:PLD opened at $134.81 on Friday. 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 company has a 50-day moving average of $141.24 and a 200-day moving average of $140.22. Prologis, Inc. has a 52 week low of $111.03 and a 52 week high of $153.35. The company has a market capitalization of $125.78 billion, a price-to-earnings ratio of 30.02 and a beta of 1.30.

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

Prologis Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be given a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, September 16th. Prologis’s payout ratio is currently 95.32%.

About Prologis

Prologis, Inc is a global real estate investment trust (REIT) that owns, develops, acquires and manages logistics and industrial properties. Its portfolio is designed to support supply-chain operations and includes distribution centers, warehouses, fulfillment facilities and other industrial buildings used by manufacturers, retailers, transportation companies and logistics providers.

The company also provides related property and business services, including facility management, leasing, development and customer-focused solutions through its Prologis Essentials platform.