Andra AP fonden Has $1.53 Million Holdings in Prologis, Inc. $PLD

Andra AP fonden decreased its stake in shares of Prologis, Inc. (NYSE:PLD) by 50.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,517 shares of the real estate investment trust’s stock after selling 14,800 shares during the quarter. Andra AP fonden’s holdings in Prologis were worth $1,526,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Activest Wealth Management increased its position in Prologis by 637.1% in the 1st quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 223 shares in the last quarter. Pandora Wealth Inc. bought a new stake in Prologis during the 1st quarter valued at $34,000. GKV Capital Management Co. Inc. acquired a new position in Prologis during the first quarter worth $34,000. Saudi Central Bank bought a new position in shares of Prologis in the first quarter valued at $41,000. Finally, Barrett & Company Inc. bought a new position in shares of Prologis in the second quarter valued at $44,000. 93.50% of the stock is owned by institutional investors.

Prologis Price Performance

Shares of NYSE:PLD opened at $125.57 on Friday. The company has a 50-day moving average price of $117.94 and a two-hundred day moving average price of $111.01. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $127.50. The company has a quick ratio of 0.65, a current ratio of 0.64 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $116.64 billion, a PE ratio of 36.61, a P/E/G ratio of 3.13 and a beta of 1.29.

Prologis (NYSE:PLD) last released its quarterly earnings data on Wednesday, October 15th. The real estate investment trust reported $1.49 EPS for the quarter, topping 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 $2.05 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period last year, the firm earned $1.43 EPS. Prologis’s revenue for the quarter was up 8.6% on a year-over-year basis. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. Equities analysts forecast that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were paid a $1.01 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $4.04 annualized dividend and a yield of 3.2%. Prologis’s dividend payout ratio (DPR) is currently 117.78%.

Insider Transactions at Prologis

In other news, CAO Lori A. Palazzolo sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $111.33, for a total value of $2,783,250.00. Following the completion of the transaction, the chief accounting officer directly owned 414 shares in the company, valued at approximately $46,090.62. This trade represents a 98.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Cristina Gabriela Bita sold 1,000 shares of the business’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 transaction of $111,000.00. Following the transaction, the director directly owned 9,829 shares of the company’s stock, valued at approximately $1,091,019. This represents a 9.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 27,000 shares of company stock valued at $3,013,665 in the last ninety days. Insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Wells Fargo & Company boosted their target price on shares of Prologis from $120.00 to $139.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Scotiabank set a $114.00 target price on shares of Prologis and gave the stock a “sector perform” rating in a research report on Wednesday, August 27th. Bank of America upgraded Prologis from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $118.00 to $130.00 in a research note on Tuesday, September 16th. BMO Capital Markets raised Prologis from an “underperform” rating to a “market perform” rating and set a $119.00 price target for the company in a research report on Monday, October 20th. Finally, Evercore ISI boosted their price objective on Prologis from $113.00 to $116.00 and gave the stock an “in-line” rating in a research report on Thursday, October 16th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $124.56.

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.