Fjarde AP Fonden Fourth Swedish National Pension Fund Takes Position in Prologis, Inc. $PLD

Key Points

• Fjarde AP Fonden, Sweden’s Fourth National Pension Fund, opened a new position in Prologis during the fourth quarter, buying 157,421 shares worth about $20.1 million.
• Prologis reported better-than-expected quarterly results, with EPS of $1.05 versus $0.81 expected and revenue of $2.30 billion versus $2.12 billion expected; it also issued FY2026 EPS guidance of 6.07 to 6.23.
• The company declared a quarterly dividend of $1.07 per share, implying a 3.0% yield, while analysts remain broadly positive with a Moderate Buy consensus and a target price of $151.86.

Fjarde AP Fonden Fourth Swedish National Pension Fund bought a new stake in Prologis, Inc. (NYSE:PLD - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 157,421 shares of the real estate investment trust's stock, valued at approximately $20,096,000.

Several other institutional investors have also modified their holdings of the stock. High Note Wealth LLC grew its position in shares of Prologis by 43.9% in the fourth quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 76 shares during the period. Dakota Community Bank & Trust NA grew its position in shares of Prologis by 3.4% in the fourth quarter. Dakota Community Bank & Trust NA now owns 2,398 shares of the real estate investment trust's stock valued at $306,000 after purchasing an additional 79 shares during the period. Peddock Capital Advisors LLC grew its position in shares of Prologis by 3.1% in the fourth quarter. Peddock Capital Advisors LLC now owns 2,651 shares of the real estate investment trust's stock valued at $338,000 after purchasing an additional 80 shares during the period. Foster Dykema Cabot & Partners LLC grew its position in shares of Prologis by 1.0% in the third quarter. Foster Dykema Cabot & Partners LLC now owns 8,232 shares of the real estate investment trust's stock valued at $943,000 after purchasing an additional 83 shares during the period. Finally, Cornerstone Advisory LLC grew its position in shares of Prologis by 2.4% in the third quarter. Cornerstone Advisory LLC now owns 3,535 shares of the real estate investment trust's stock valued at $405,000 after purchasing an additional 84 shares during the period. Institutional investors and hedge funds own 93.50% of the company's stock.

Prologis Stock Performance

NYSE:PLD opened at $144.69 on Friday. The company's 50-day moving average price is $140.40 and its 200-day moving average price is $134.72. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60. The company has a market cap of $134.90 billion, a P/E ratio of 36.45, a P/E/G ratio of 3.18 and a beta of 1.32. Prologis, Inc. has a twelve month low of $103.41 and a twelve month high of $147.93.

Prologis (NYSE:PLD - Get Free Report) last posted its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.24. The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The company's revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the firm posted $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, sell-side analysts forecast that Prologis, Inc. will post 6.18 earnings per share for the current fiscal year.

Prologis Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis's dividend payout ratio (DPR) is currently 107.81%.

Analyst Ratings Changes

Several brokerages have recently issued reports on PLD. Weiss Ratings upgraded shares of Prologis from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, May 1st. Citigroup lifted their target price on shares of Prologis from $145.00 to $165.00 and gave the company a "buy" rating in a research report on Tuesday, April 21st. Royal Bank Of Canada lifted their target price on shares of Prologis from $135.00 to $148.00 and gave the company a "sector perform" rating in a research report on Tuesday, April 28th. Scotiabank lifted their target price on shares of Prologis from $146.00 to $154.00 and gave the company an "outperform" rating in a research report on Tuesday, April 21st. Finally, DA Davidson lifted their target price on shares of Prologis from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Tuesday, April 21st. Sixteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $151.86.

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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