E. Ohman J or Asset Management AB Has $34.36 Million Stock Position in Prologis, Inc. $PLD

Key Points

• E. Ohman J or Asset Management AB increased its stake in Prologis, Inc. by 0.9%, bringing its total holdings to 326,907 shares valued at approximately $34.36 million.
• Prologis reported a 12-month high of $132.39 and a EPS of $1.46 for the last quarter, surpassing analysts' expectations by $0.05.
• The company declared a quarterly dividend of $1.01 per share, resulting in an annualized dividend of $4.04 and a yield of 3.5%.

E. Ohman J or Asset Management AB lifted its stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 0.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 326,907 shares of the real estate investment trust's stock after purchasing an additional 3,052 shares during the quarter. Prologis accounts for 0.9% of E. Ohman J or Asset Management AB's holdings, making the stock its 28th biggest holding. E. Ohman J or Asset Management AB's holdings in Prologis were worth $34,364,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of PLD. Nuveen LLC acquired a new stake in shares of Prologis during the 1st quarter worth $1,456,768,000. Valeo Financial Advisors LLC lifted its position in shares of Prologis by 282.5% during the 1st quarter. Valeo Financial Advisors LLC now owns 3,875,386 shares of the real estate investment trust's stock worth $433,229,000 after buying an additional 2,862,183 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Prologis by 83.8% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,779,830 shares of the real estate investment trust's stock worth $399,528,000 after buying an additional 1,723,129 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Prologis during the 4th quarter worth $163,970,000. Finally, SG Americas Securities LLC lifted its position in shares of Prologis by 5,678.8% during the 1st quarter. SG Americas Securities LLC now owns 1,436,773 shares of the real estate investment trust's stock worth $160,617,000 after buying an additional 1,411,910 shares during the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Scotiabank set a $114.00 price objective on Prologis and gave the stock a "sector perform" rating in a research report on Wednesday, August 27th. UBS Group upped their price objective on Prologis from $106.00 to $120.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Mizuho set a $118.00 price objective on Prologis and gave the stock an "outperform" rating in a research report on Tuesday, August 19th. Wells Fargo & Company set a $137.00 price objective on Prologis and gave the stock an "overweight" rating in a research report on Sunday, July 13th. Finally, Citigroup dropped their price objective on Prologis from $150.00 to $140.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $121.83.

Prologis Price Performance

Prologis stock opened at $115.48 on Monday. 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 company has a market capitalization of $107.20 billion, a PE ratio of 31.30, a P/E/G ratio of 2.89 and a beta of 1.26. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $132.39. The stock has a 50-day moving average price of $109.18 and a two-hundred day moving average price of $107.84.

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

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be paid a $1.01 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $4.04 annualized dividend and a dividend yield of 3.5%. Prologis's dividend payout ratio is presently 109.49%.

Insider Activity

In other news, CAO Lori A. Palazzolo sold 25,000 shares of the stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $111.33, for a total value of $2,783,250.00. Following the completion of the sale, the chief accounting officer owned 414 shares of the company's stock, valued at approximately $46,090.62. This represents a 98.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Cristina Gabriela Bita sold 1,000 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $111.00, for a total value of $111,000.00. Following the completion of the sale, the director directly owned 9,829 shares of the company's stock, valued at approximately $1,091,019. The trade was a 9.23% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.57% of the company's stock.

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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