Cardano Risk Management B.V. Increases Stake in Prologis, Inc. $PLD

Cardano Risk Management B.V. boosted its stake in Prologis, Inc. (NYSE:PLD) by 6.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,021,463 shares of the real estate investment trust’s stock after purchasing an additional 57,572 shares during the quarter. Prologis comprises 1.2% of Cardano Risk Management B.V.’s portfolio, making the stock its 24th largest position. Cardano Risk Management B.V. owned about 0.11% of Prologis worth $116,977,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Prologis by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 122,064,883 shares of the real estate investment trust’s stock valued at $13,978,870,000 after purchasing an additional 323,551 shares during the last quarter. State Street Corp raised its position in shares of Prologis by 1.9% in the 2nd quarter. State Street Corp now owns 58,640,842 shares of the real estate investment trust’s stock worth $6,164,325,000 after buying an additional 1,088,544 shares during the period. Geode Capital Management LLC boosted its holdings in Prologis by 1.4% in the second quarter. Geode Capital Management LLC now owns 22,416,833 shares of the real estate investment trust’s stock valued at $2,345,922,000 after acquiring an additional 310,333 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Prologis by 1.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 16,506,899 shares of the real estate investment trust’s stock valued at $1,735,205,000 after acquiring an additional 253,338 shares during the period. Finally, Norges Bank acquired a new stake in Prologis during the second quarter worth about $1,288,936,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

PLD has been the topic of several research analyst reports. Wells Fargo & Company lifted their price objective on Prologis from $120.00 to $139.00 and gave the company an “overweight” rating in a research note on Monday, October 27th. Freedom Capital cut shares of Prologis from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. Citigroup reiterated a “buy” rating on shares of Prologis in a research note on Monday, January 26th. UBS Group raised their target price 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. Finally, Truist Financial decreased their price target on shares of Prologis from $142.00 to $139.00 and set a “buy” rating for the company in a research report on Monday, January 26th. Thirteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $135.89.

Prologis Trading Up 1.9%

NYSE PLD opened at $138.93 on Tuesday. The stock has a market cap of $129.05 billion, a P/E ratio of 39.13, a PEG ratio of 3.44 and a beta of 1.42. The company’s fifty day simple moving average is $130.72 and its 200-day simple moving average is $122.22. The company has a current ratio of 0.19, a quick ratio of 0.64 and a debt-to-equity ratio of 0.61. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $141.95.

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, meeting analysts’ consensus estimates of $1.44. Prologis had a net margin of 37.86% and a return on equity of 6.64%. The business had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same period last year, the business earned $1.42 EPS. The business’s revenue was up 7.8% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Equities research analysts predict that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Increases Dividend

The firm 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 $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 3.1%. This is a positive change from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date is Tuesday, March 17th. Prologis’s payout ratio is presently 113.80%.

Insider Buying and Selling

In related news, Director Cristina Gabriela Bita sold 621 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $127.60, for a total value of $79,239.60. Following the completion of the transaction, the director owned 8,208 shares of the company’s stock, valued at approximately $1,047,340.80. This represents a 7.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.57% of the company’s stock.

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.