Lansforsakringar Fondforvaltning AB publ Sells 10,453 Shares of Prologis, Inc. $PLD

Key Points

• Lansforsakringar Fondforvaltning AB reduced its holdings in Prologis, Inc. by 3.4%, owning 300,898 shares valued at approximately $33.6 million after selling 10,453 shares during the first quarter.
• Several other institutional investors, including B. Metzler seel. Sohn & Co. AG and Epoch Investment Partners Inc., increased their stakes in Prologis significantly, with increases of 36.8% and 37.0%, respectively.
• Prologis reported a net margin of 40.29% and earnings per share of $1.46 for the last quarter, surpassing analysts' expectations of $1.41 while forecasting a FY 2025 EPS of 5.750-5.800.

Lansforsakringar Fondforvaltning AB publ decreased its holdings in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 3.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 300,898 shares of the real estate investment trust's stock after selling 10,453 shares during the period. Lansforsakringar Fondforvaltning AB publ's holdings in Prologis were worth $33,637,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PLD. REAP Financial Group LLC grew its holdings in shares of Prologis by 40.0% during the fourth quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 84 shares during the last quarter. Pandora Wealth Inc. purchased a new stake in shares of Prologis during the first quarter valued at approximately $34,000. GKV Capital Management Co. Inc. purchased a new stake in shares of Prologis during the first quarter valued at approximately $34,000. Olde Wealth Management LLC purchased a new stake in shares of Prologis during the first quarter valued at approximately $43,000. Finally, Cornerstone Planning Group LLC grew its holdings in shares of Prologis by 63.6% during the first quarter. Cornerstone Planning Group LLC now owns 391 shares of the real estate investment trust's stock valued at $44,000 after buying an additional 152 shares during the last quarter. Institutional investors own 93.50% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PLD. Robert W. Baird cut their price target on shares of Prologis from $126.00 to $120.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Mizuho set a $118.00 price target on shares of Prologis and gave the company an "outperform" rating in a report on Tuesday, August 19th. Citigroup cut their price target on shares of Prologis from $150.00 to $140.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Wells Fargo & Company set a $137.00 price target on shares of Prologis and gave the company an "overweight" rating in a report on Sunday, July 13th. Finally, Truist Financial dropped their target price on shares of Prologis from $123.00 to $120.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $121.83.

Insider Activity at Prologis

In other news, CAO Lori A. Palazzolo sold 25,000 shares of the firm's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $111.33, for a total transaction of $2,783,250.00. Following the sale, the chief accounting officer directly owned 414 shares in the company, valued at $46,090.62. This trade represents a 98.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.57% of the stock is owned by insiders.

Prologis Stock Performance

Shares of Prologis stock traded down $2.45 on Tuesday, hitting $111.33. 1,053,475 shares of the company's stock were exchanged, compared to its average volume of 4,408,251. The company has a 50-day simple moving average of $108.05 and a 200-day simple moving average of $108.39. The stock has a market capitalization of $103.34 billion, a PE ratio of 30.15, a PEG ratio of 2.85 and a beta of 1.26. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $132.57. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.65 and a current ratio of 0.65.

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

Prologis Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Tuesday, September 16th. Prologis's dividend payout ratio (DPR) is presently 109.49%.

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.