Handelsbanken Fonder AB Boosts Stock Position in Prologis, Inc. $PLD

Key Points

• Handelsbanken Fonder increased its Prologis stake by 7.3% in the second quarter, adding 34,582 shares to hold 511,537 shares valued at approximately $69.3 million. Institutional investors collectively own 93.5% of Prologis.
• Analysts remain broadly positive, with Prologis receiving a “Moderate Buy” consensus rating and an average price target of $154.57; several firms recently raised their targets to between $159 and $165.
• Prologis reported second-quarter revenue of $2.43 billion and EPS of $1.13, beating estimates, while revenue rose 11% year over year. Shares opened at $138.73, down 1.0%, and the company maintained 2026 EPS guidance of $6.22 to $6.30.

Handelsbanken Fonder AB raised its holdings in Prologis, Inc. (NYSE:PLD - Free Report) by 7.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 511,537 shares of the real estate investment trust's stock after buying an additional 34,582 shares during the period. Handelsbanken Fonder AB owned about 0.05% of Prologis worth $69,298,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Sandy Cove Advisors LLC increased its holdings in shares of Prologis by 1.9% in the 2nd quarter. Sandy Cove Advisors LLC now owns 3,854 shares of the real estate investment trust's stock valued at $522,000 after acquiring an additional 73 shares during the last quarter. CoreCap Advisors LLC lifted its stake in Prologis by 5.0% during the second quarter. CoreCap Advisors LLC now owns 1,538 shares of the real estate investment trust's stock worth $208,000 after purchasing an additional 73 shares during the last quarter. Boltwood Capital Management lifted its stake in Prologis by 1.5% during the second quarter. Boltwood Capital Management now owns 5,170 shares of the real estate investment trust's stock worth $700,000 after purchasing an additional 75 shares during the last quarter. High Note Wealth LLC boosted its holdings in 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 in the last quarter. Finally, Hibernia Wealth Partners LLC boosted its holdings in Prologis by 2.5% in the first quarter. Hibernia Wealth Partners LLC now owns 3,070 shares of the real estate investment trust's stock valued at $406,000 after purchasing an additional 76 shares in the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PLD has been the topic of a number of research analyst reports. Citigroup raised their price objective on shares of Prologis from $145.00 to $165.00 and gave the stock a "buy" rating in a report on Tuesday, April 21st. Mizuho upped their target price on shares of Prologis from $150.00 to $159.00 and gave the company an "outperform" rating in a report on Friday, July 17th. DA Davidson increased 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. Raymond James Financial initiated coverage on shares of Prologis in a research note on Thursday, June 18th. They set a "market perform" rating on the stock. Finally, Wall Street Zen raised shares of Prologis from a "sell" rating to a "hold" rating in a research report on Saturday, July 18th. Sixteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Prologis presently has an average rating of "Moderate Buy" and an average target price of $154.57.

Prologis Stock Down 1.0%

PLD stock opened at $138.73 on Tuesday. The company has a market cap of $129.45 billion, a price-to-earnings ratio of 30.90 and a beta of 1.31. The company has a fifty day moving average price of $143.26 and a 200 day moving average price of $139.60. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.70 and a quick ratio of 0.70. Prologis, Inc. has a 12 month low of $103.41 and a 12 month high of $153.35.

Prologis (NYSE:PLD - Get Free Report) last issued its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.38. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The company had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same period last year, the firm posted $1.46 EPS. Prologis's revenue for the quarter was up 11.0% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Sell-side analysts expect that Prologis, Inc. will post 6.28 earnings per share for the current year.

Insider Activity

In related news, CFO Timothy D. Arndt sold 3,597 shares of the firm's stock in a transaction dated 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 document filed with the SEC, which is available at this link. 0.52% of the stock is currently owned by corporate insiders.

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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