Nykredit A S Acquires New Position in Prologis, Inc. $PLD

Key Points

• Nykredit A/S purchased 298,886 shares of Prologis in the second quarter, valued at approximately $40.5 million. Institutional investors collectively own 93.5% of the REIT’s outstanding stock.
• Prologis reported quarterly earnings of $1.13 per share, beating estimates of $0.75, while revenue rose 11% year over year to $2.43 billion. The company reaffirmed fiscal 2026 EPS guidance of $6.22–$6.30.
• Prologis declared a quarterly dividend of $1.07 per share, representing a 3.2% annualized yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $154.52.

Nykredit A S purchased a new position in Prologis, Inc. (NYSE:PLD - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 298,886 shares of the real estate investment trust's stock, valued at approximately $40,490,000.

A number of other large investors have also modified their holdings of PLD. BlackRock Inc. purchased a new position in shares of Prologis in the 2nd quarter valued at about $14,006,587,000. Geode Capital Management LLC increased its stake in Prologis by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 23,012,940 shares of the real estate investment trust's stock valued at $2,925,791,000 after purchasing an additional 339,906 shares during the last quarter. Capital Research Global Investors raised its holdings in Prologis by 4.4% during the fourth quarter. Capital Research Global Investors now owns 16,061,390 shares of the real estate investment trust's stock worth $2,050,397,000 after purchasing an additional 678,363 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Prologis by 4.4% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,753,884 shares of the real estate investment trust's stock worth $1,998,709,000 after purchasing an additional 618,467 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Prologis during the 4th quarter worth approximately $1,589,125,000. Hedge funds and other institutional investors own 93.50% of the company's stock.

Prologis Trading Down 0.3%

NYSE:PLD opened at $134.81 on Friday. Prologis, Inc. has a 1 year low of $111.03 and a 1 year high of $153.35. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a fifty day moving average price of $141.24 and a two-hundred day moving average price of $140.22. The stock has a market capitalization of $125.78 billion, a price-to-earnings ratio of 30.02 and a beta of 1.30.

Prologis (NYSE:PLD - Get Free Report) last issued its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share 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 analyst estimates of $2.16 billion. During the same period in the prior year, the business posted $1.46 earnings per share. The firm's revenue for the quarter was up 11.0% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. As a group, sell-side analysts anticipate that Prologis, Inc. will post 6.27 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Wednesday, September 16th. Prologis's dividend payout ratio (DPR) is currently 95.32%.

Analyst Ratings Changes

PLD has been the topic of several research analyst reports. Mizuho lifted their price target on shares of Prologis from $150.00 to $159.00 and gave the stock an "outperform" rating in a research note on Friday, July 17th. Wells Fargo & Company decreased their price objective on shares of Prologis from $167.00 to $166.00 and set an "overweight" rating for the company in a research note on Tuesday, September 1st. BMO Capital Markets dropped their price objective on Prologis from $162.00 to $158.00 and set an "outperform" rating on the stock in a report on Monday, June 29th. Wall Street Zen upgraded Prologis from a "sell" rating to a "hold" rating in a research report on Saturday, July 18th. Finally, Raymond James Financial assumed coverage on Prologis in a report on Thursday, June 18th. They issued a "market perform" rating for the company. Sixteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Prologis presently has a consensus rating of "Moderate Buy" and a consensus target price of $154.52.

Prologis Profile

Prologis, Inc is a global real estate investment trust (REIT) that owns, develops, acquires and manages logistics and industrial properties. Its portfolio is designed to support supply-chain operations and includes distribution centers, warehouses, fulfillment facilities and other industrial buildings used by manufacturers, retailers, transportation companies and logistics providers.

The company also provides related property and business services, including facility management, leasing, development and customer-focused solutions through its Prologis Essentials platform.

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