Skandinaviska Enskilda Banken AB publ Decreases Stock Position in Prologis, Inc. $PLD

Skandinaviska Enskilda Banken AB publ decreased its position in shares of Prologis, Inc. (NYSE:PLD) by 1.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 182,318 shares of the real estate investment trust’s stock after selling 2,869 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Prologis were worth $19,165,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PLD. Stratos Wealth Partners LTD. increased its position in shares of Prologis by 0.7% during the second quarter. Stratos Wealth Partners LTD. now owns 13,678 shares of the real estate investment trust’s stock worth $1,438,000 after acquiring an additional 93 shares during the last quarter. Michael S. Ryan Inc. grew its stake in Prologis by 2.9% during the 2nd quarter. Michael S. Ryan Inc. now owns 3,311 shares of the real estate investment trust’s stock valued at $348,000 after purchasing an additional 94 shares in the last quarter. LaSalle St. Investment Advisors LLC increased its holdings in Prologis by 3.7% during the 1st quarter. LaSalle St. Investment Advisors LLC now owns 2,688 shares of the real estate investment trust’s stock worth $300,000 after purchasing an additional 96 shares during the last quarter. Van Hulzen Asset Management LLC increased its holdings in Prologis by 5.6% during the 1st quarter. Van Hulzen Asset Management LLC now owns 1,799 shares of the real estate investment trust’s stock worth $201,000 after purchasing an additional 96 shares during the last quarter. Finally, Palogic Value Management L.P. raised its position in shares of Prologis by 4.7% in the 2nd quarter. Palogic Value Management L.P. now owns 2,130 shares of the real estate investment trust’s stock valued at $224,000 after purchasing an additional 96 shares in the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Prologis news, Director Cristina Gabriela Bita sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $111.00, for a total value of $111,000.00. Following the sale, the director owned 9,829 shares in the company, valued at approximately $1,091,019. This trade represents a 9.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders have sold 2,000 shares of company stock valued at $230,415. 0.57% of the stock is currently owned by corporate insiders.

Prologis Price Performance

Shares of PLD opened at $128.55 on Friday. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $129.33. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.64 and a quick ratio of 0.65. The stock has a fifty day moving average price of $121.56 and a 200 day moving average price of $113.15. The company has a market cap of $119.41 billion, a P/E ratio of 37.48, a PEG ratio of 3.13 and a beta of 1.29.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.05. Prologis had a net margin of 36.71% and a return on equity of 5.55%. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the previous year, the company posted $1.43 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. On average, research analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on PLD shares. Truist Financial restated a “buy” rating and issued a $131.00 price target (up previously from $120.00) on shares of Prologis in a research note on Monday, October 20th. Evercore ISI lifted their target price on Prologis from $113.00 to $116.00 and gave the stock an “in-line” rating in a research report on Thursday, October 16th. Scotiabank upped their price target on Prologis from $127.00 to $133.00 and gave the company a “sector perform” rating in a research report on Monday, November 10th. Industrial Alliance Securities set a $119.00 price objective on shares of Prologis in a report on Monday, October 20th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Prologis in a report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $125.39.

About Prologis

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At March 31, 2024, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 1.2 billion square feet (115 million square meters) in 19 countries.