Avanza Fonder AB Buys 5,508 Shares of Prologis, Inc. $PLD

Avanza Fonder AB grew its position in shares of Prologis, Inc. (NYSE:PLD) by 8.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,789 shares of the real estate investment trust’s stock after purchasing an additional 5,508 shares during the period. Avanza Fonder AB’s holdings in Prologis were worth $9,037,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in PLD. Whittier Trust Co. of Nevada Inc. boosted its stake in Prologis by 0.5% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 16,583 shares of the real estate investment trust’s stock valued at $1,941,000 after buying an additional 82 shares during the last quarter. Foster Dykema Cabot & Partners LLC increased its stake in Prologis by 1.0% in the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 8,232 shares of the real estate investment trust’s stock worth $943,000 after acquiring an additional 83 shares during the last quarter. Cornerstone Advisory LLC raised its holdings in shares of Prologis by 2.4% during the 3rd quarter. Cornerstone Advisory LLC now owns 3,535 shares of the real estate investment trust’s stock worth $405,000 after acquiring an additional 84 shares in the last quarter. Cadence Bank raised its holdings in shares of Prologis by 2.1% during the 3rd quarter. Cadence Bank now owns 4,209 shares of the real estate investment trust’s stock worth $482,000 after acquiring an additional 87 shares in the last quarter. Finally, Clear Investment Research LLC boosted its position in shares of Prologis by 34.5% during the 3rd quarter. Clear Investment Research LLC now owns 343 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 88 shares during the last quarter. 93.50% of the stock is owned by institutional investors.

Prologis Stock Performance

NYSE:PLD opened at $130.30 on Tuesday. The firm has a market capitalization of $121.46 billion, a PE ratio of 36.70, a PEG ratio of 3.02 and a beta of 1.41. The stock’s fifty day moving average is $134.83 and its 200 day moving average is $127.15. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $143.95. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.58 and a current ratio of 0.58.

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

Prologis Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Royal Bank Of Canada raised their target price on shares of Prologis from $132.00 to $135.00 and gave the company a “sector perform” rating in a report on Monday, February 2nd. BNP Paribas Exane increased their price objective on shares of Prologis from $129.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. BTIG Research lifted their price objective on shares of Prologis from $134.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, December 31st. UBS Group boosted their target price on shares of Prologis from $144.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Finally, Citigroup assumed coverage on shares of Prologis in a research report on Thursday, March 5th. They set a “buy” rating and a $145.00 target price on the stock. Fourteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $137.20.

Prologis 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.