Danske Bank A S Invests $56.08 Million in Prologis, Inc. $PLD

Danske Bank A S bought a new position in Prologis, Inc. (NYSE:PLD) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 489,716 shares of the real estate investment trust’s stock, valued at approximately $56,082,000. Danske Bank A S owned about 0.05% of Prologis as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of PLD. D.A. Davidson & CO. increased its position in Prologis by 16.7% during the 3rd 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 boosted its position in shares of 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 worth $5,109,000 after buying an additional 31,567 shares during the period. National Pension Service grew its stake in shares of Prologis by 2.4% in the third quarter. National Pension Service now owns 2,443,137 shares of the real estate investment trust’s stock valued at $279,788,000 after buying an additional 56,272 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Prologis by 3.6% in the third quarter. Envestnet Asset Management Inc. now owns 3,644,875 shares of the real estate investment trust’s stock valued at $417,411,000 after buying an additional 126,613 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in shares of Prologis by 10.0% during the 3rd quarter. Assetmark Inc. now owns 79,350 shares of the real estate investment trust’s stock valued at $9,087,000 after buying an additional 7,217 shares during the period. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PLD has been the topic of several recent research reports. Jefferies Financial Group boosted their price target on Prologis from $146.00 to $157.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. UBS Group lifted their price objective on shares of Prologis from $144.00 to $148.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. BNP Paribas Exane boosted their target price on shares of Prologis from $129.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Wall Street Zen downgraded shares of Prologis from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. Finally, Morgan Stanley set a $135.00 price target on shares of Prologis in a report on Friday, January 16th. Fourteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $137.20.

Prologis Stock Performance

Shares of PLD opened at $131.20 on Thursday. The firm has a market cap of $121.96 billion, a price-to-earnings ratio of 36.96, a PEG ratio of 3.15 and a beta of 1.41. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.61. The business’s 50 day moving average is $134.79 and its two-hundred day moving average is $126.68. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $143.95.

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

Prologis Increases Dividend

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

About Prologis

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.