BI Asset Management Fondsmaeglerselskab A S Sells 20,034 Shares of Prologis, Inc. $PLD

Key Points

• BI Asset Management Fondsmaeglerselskab A S has reduced its stake in Prologis, Inc. by 18.0%, selling 20,034 shares and ending the quarter with holdings worth approximately $10.2 million.
• Prologis reported an earnings per share (EPS) of $1.46, exceeding analyst expectations by $0.05, with quarterly revenue totaling $2.03 billion, reflecting an 8.8% year-over-year increase.
• Analysts have mixed views on Prologis, with target prices ranging from $119.00 to $137.00, leading to a current average rating of "Moderate Buy" with a price target of $121.06.

BI Asset Management Fondsmaeglerselskab A S lowered its stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 18.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 91,436 shares of the real estate investment trust's stock after selling 20,034 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Prologis were worth $10,222,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. REAP Financial Group LLC increased its stake in Prologis by 40.0% in the fourth quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 84 shares during the period. Pandora Wealth Inc. purchased a new stake in Prologis in the first quarter worth $34,000. GKV Capital Management Co. Inc. purchased a new stake in Prologis in the first quarter worth $34,000. Olde Wealth Management LLC purchased a new stake in Prologis in the first quarter worth $43,000. Finally, Cornerstone Planning Group LLC increased its stake in Prologis by 63.6% in the first quarter. Cornerstone Planning Group LLC now owns 391 shares of the real estate investment trust's stock worth $44,000 after purchasing an additional 152 shares during the period. Hedge funds and other institutional investors own 93.50% of the company's stock.

Prologis Price Performance

PLD opened at $110.5590 on Wednesday. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $132.57. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.61. The business's fifty day simple moving average is $107.08 and its 200-day simple moving average is $108.94. The company has a market capitalization of $102.61 billion, a price-to-earnings ratio of 29.96, a PEG ratio of 2.64 and a beta of 1.21.

Prologis (NYSE:PLD - Get Free Report) last released its quarterly earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 EPS for the quarter, topping the consensus estimate of $1.41 by $0.05. The firm had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.03 billion. Prologis had a return on equity of 5.96% and a net margin of 40.29%.The business's revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.34 EPS. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. On average, equities research analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Wells Fargo & Company set a $137.00 target price on Prologis and gave the stock an "overweight" rating in a research note on Sunday, July 13th. Citigroup reduced their target price on Prologis from $150.00 to $140.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Wall Street Zen lowered Prologis from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Barclays reduced their target price on Prologis from $132.00 to $119.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Finally, Robert W. Baird lowered their target price on Prologis from $126.00 to $120.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $121.06.

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.

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