Andra AP fonden Raises Position in Prologis, Inc. $PLD

Andra AP fonden grew its position in shares of Prologis, Inc. (NYSE:PLD) by 11.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 174,728 shares of the real estate investment trust’s stock after buying an additional 17,700 shares during the quarter. Andra AP fonden’s holdings in Prologis were worth $23,670,000 as of its most recent filing with the Securities & Exchange Commission.

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

Prologis Stock Performance

Shares of NYSE:PLD traded down $0.10 during trading on Tuesday, hitting $135.72. The company’s stock had a trading volume of 813,725 shares, compared to its average volume of 3,746,483. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market cap of $126.63 billion, a price-to-earnings ratio of 30.22 and a beta of 1.30. The company has a 50-day moving average of $141.12 and a 200-day moving average of $140.17. Prologis, Inc. has a 12 month low of $111.03 and a 12 month high of $153.35.

Prologis (NYSE:PLD) last announced its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 45.79% and a return on equity of 7.29%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. On average, sell-side analysts expect that Prologis, Inc. will post 6.27 earnings per share for the current year.

Prologis Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors 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 3.2%. The ex-dividend date of this dividend is Wednesday, September 16th. Prologis’s dividend payout ratio (DPR) is currently 95.32%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on PLD shares. Mizuho upped their target price on shares of Prologis from $150.00 to $159.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Truist Financial lifted their price target on shares of Prologis from $154.00 to $162.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Morgan Stanley boosted their price objective on shares of Prologis from $135.00 to $151.00 and gave the company an “equal weight” rating in a report on Tuesday, May 26th. Robert W. Baird set a $140.00 price objective on shares of Prologis in a research report on Friday, July 31st. Finally, Barclays lifted their target price on shares of Prologis from $139.00 to $156.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Sixteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $154.52.

Prologis Profile

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.