E. Ohman J or Asset Management AB Cuts Holdings in Prologis, Inc. $PLD

E. Ohman J or Asset Management AB trimmed its position in shares of Prologis, Inc. (NYSE:PLD) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 348,699 shares of the real estate investment trust’s stock after selling 5,089 shares during the period. Prologis comprises about 1.0% of E. Ohman J or Asset Management AB’s portfolio, making the stock its 21st biggest position. E. Ohman J or Asset Management AB’s holdings in Prologis were worth $44,515,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. D.A. Davidson & CO. raised its holdings in Prologis by 16.7% during the third quarter. D.A. Davidson & CO. now owns 587,157 shares of the real estate investment trust’s stock worth $67,241,000 after purchasing an additional 83,966 shares in the last quarter. Foresight Group Ltd Liability Partnership increased its stake in Prologis by 240.1% in the third quarter. Foresight Group Ltd Liability Partnership now owns 44,715 shares of the real estate investment trust’s stock valued at $5,109,000 after purchasing an additional 31,567 shares during the period. National Pension Service increased its position in Prologis by 2.4% in the 3rd quarter. National Pension Service now owns 2,443,137 shares of the real estate investment trust’s stock valued at $279,788,000 after acquiring an additional 56,272 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Prologis by 3.6% during the third quarter. Envestnet Asset Management Inc. now owns 3,644,875 shares of the real estate investment trust’s stock worth $417,411,000 after purchasing an additional 126,613 shares during the last quarter. Finally, Assetmark Inc. raised its position in Prologis by 10.0% during the 3rd quarter. Assetmark Inc. now owns 79,350 shares of the real estate investment trust’s stock worth $9,087,000 after buying an additional 7,217 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Trading Up 1.8%

Shares of Prologis stock opened at $130.30 on Tuesday. The company has a 50-day moving average of $134.83 and a two-hundred day moving average of $127.15. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $143.95. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.61. The stock has a market cap of $121.12 billion, a PE ratio of 36.70, a price-to-earnings-growth ratio of 3.02 and a beta of 1.41.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, hitting the consensus estimate of $1.44. The business had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.09 billion. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.42 EPS. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. On average, research analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be given a dividend of $1.07 per share. The ex-dividend date is Tuesday, March 17th. This is a positive change from Prologis’s previous quarterly dividend of $1.01. This represents a $4.28 dividend on an annualized basis and a yield of 3.3%. Prologis’s dividend payout ratio (DPR) is presently 120.56%.

Analysts Set New Price Targets

Several equities analysts have issued reports on PLD shares. Mizuho boosted their target price on Prologis from $138.00 to $143.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Truist Financial reduced their price target on Prologis from $142.00 to $139.00 and set a “buy” rating for the company in a report on Monday, January 26th. Scotiabank upgraded Prologis from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $133.00 to $146.00 in a research note on Wednesday, January 14th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Prologis in a report on Monday, December 29th. Finally, Freedom Capital cut Prologis from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. Fourteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Prologis has an average rating of “Moderate Buy” and a consensus target price of $137.20.

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.