AMF Tjanstepension AB Grows Stake in Prologis, Inc. $PLD

AMF Tjanstepension AB raised its stake in Prologis, Inc. (NYSE:PLD - Free Report) by 2.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,808,772 shares of the real estate investment trust's stock after purchasing an additional 87,168 shares during the quarter. Prologis makes up about 3.3% of AMF Tjanstepension AB's portfolio, making the stock its 7th biggest holding. AMF Tjanstepension AB owned 0.41% of Prologis worth $503,443,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Nvwm LLC grew its holdings in Prologis by 6,069.7% during the fourth quarter. Nvwm LLC now owns 15,486 shares of the real estate investment trust's stock worth $1,977,000 after acquiring an additional 15,235 shares during the period. CIBC Bancorp USA Inc. purchased a new stake in Prologis in the 3rd quarter worth approximately $42,158,000. Murphy Middleton Hinkle & Parker Inc. acquired a new stake in shares of Prologis during the 4th quarter worth approximately $2,581,000. Avanza Fonder AB increased its holdings in shares of Prologis by 8.4% during the 4th quarter. Avanza Fonder AB now owns 70,789 shares of the real estate investment trust's stock valued at $9,037,000 after purchasing an additional 5,508 shares in the last quarter. Finally, Bank of Nova Scotia increased its holdings in shares of Prologis by 30.3% during the 3rd quarter. Bank of Nova Scotia now owns 154,542 shares of the real estate investment trust's stock valued at $17,698,000 after purchasing an additional 35,922 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company's stock.

Key Prologis News

Here are the key news stories impacting Prologis this week:

• Positive Sentiment: Prologis is pressing SEGRO’s board to enter talks on its merger proposal, signaling a potentially transformative strategic move that could expand its platform if a deal advances. Prologis Pushes for Talks on $16.9 Billion Segro Bid
• Positive Sentiment: Analyst commentary around the SEGRO bid suggests the transaction’s potential upside is still attracting market attention, even as some of that upside may already be reflected in valuation. Analyst Downgrades Segro to Hold as Prologis Bid Upside Appears Priced In, Highlighting Execution and Valuation Risks
• Positive Sentiment: Coverage focusing on logistics demand and Prologis as a growth stock may be supporting sentiment by highlighting its role in a still-relevant industrial real estate theme. Prologis NYSE: PLD: Can Logistics Demand Drive the Next Move?
• Neutral Sentiment: Several recent articles were generic watchlist and earnings-preview pieces, which add visibility but do not materially change the investment case on their own. Top Growth Stocks To Watch Today - July 9th
• Neutral Sentiment: Investors are also watching Prologis ahead of earnings, but this appears to be a standard catalyst rather than a new development. Prologis (PLD) Expected to Post Earnings on Thursday
• Negative Sentiment: Some commentary highlights execution and valuation risks around the SEGRO deal, which could weigh on sentiment if investors worry the acquisition will be expensive or difficult to complete. Analyst Downgrades Segro to Hold as Prologis Bid Upside Appears Priced In, Highlighting Execution and Valuation Risks

Insider Buying and Selling

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the firm's stock in a transaction on Monday, June 15th. The stock was sold at an average price of $150.00, for a total transaction of $539,550.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.52% of the company's stock.

Prologis Stock Up 0.0%

PLD stock opened at $140.91 on Monday. The company has a market cap of $131.38 billion, a price-to-earnings ratio of 35.49 and a beta of 1.32. The firm has a 50-day moving average of $142.82 and a two-hundred day moving average of $137.37. Prologis, Inc. has a 12 month low of $103.41 and a 12 month high of $150.18. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60.

Prologis (NYSE:PLD - Get Free Report) last announced its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.24. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter last year, the business posted $1.43 earnings per share. The firm's revenue was up 6.9% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, analysts forecast that Prologis, Inc. will post 6.17 earnings per share for the current fiscal year.

Prologis Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were issued a dividend of $1.07 per share. The ex-dividend date was Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.0%. Prologis's dividend payout ratio (DPR) is currently 107.81%.

Analysts Set New Price Targets

PLD has been the topic of several analyst reports. Evercore set a $135.00 price target on shares of Prologis in a research report on Friday, April 17th. Weiss Ratings upgraded Prologis from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, May 1st. Wall Street Zen cut Prologis from a "hold" rating to a "sell" rating in a report on Saturday, June 27th. Jefferies Financial Group dropped their price objective on Prologis from $157.00 to $155.00 and set a "buy" rating on the stock in a report on Tuesday, April 14th. Finally, Citigroup boosted their price target on shares of Prologis from $145.00 to $165.00 and gave the stock a "buy" rating in a report on Tuesday, April 21st. Fifteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $152.00.

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.

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