Swedbank AB Boosts Holdings in Prologis, Inc. $PLD

Key Points

• Swedbank AB increased its position in Prologis, Inc. by 6.1% during the 2nd quarter, owning approximately $535 million worth of shares after purchasing an additional 291,970 shares.
• Prologis reported $1.46 earnings per share for the last quarter, surpassing analysts' expectations of $1.41, with an 8.8% increase in revenue compared to the same period last year.
• A quarterly dividend of $1.01 per share will be distributed on September 30th, representing an annual yield of 3.5% for shareholders of record.

Swedbank AB increased its stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 6.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,089,767 shares of the real estate investment trust's stock after purchasing an additional 291,970 shares during the quarter. Swedbank AB owned approximately 0.55% of Prologis worth $535,036,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Nuveen LLC acquired a new stake in Prologis in the first quarter valued at approximately $1,456,768,000. Valeo Financial Advisors LLC lifted its stake in Prologis by 282.5% in the first quarter. Valeo Financial Advisors LLC now owns 3,875,386 shares of the real estate investment trust's stock valued at $433,229,000 after acquiring an additional 2,862,183 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Prologis by 83.8% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,779,830 shares of the real estate investment trust's stock valued at $399,528,000 after acquiring an additional 1,723,129 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Prologis in the fourth quarter valued at approximately $163,970,000. Finally, SG Americas Securities LLC lifted its stake in Prologis by 5,678.8% in the first quarter. SG Americas Securities LLC now owns 1,436,773 shares of the real estate investment trust's stock valued at $160,617,000 after acquiring an additional 1,411,910 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Stock Down 1.5%

NYSE:PLD traded down $1.69 during trading hours on Friday, reaching $113.47. 8,647,790 shares of the stock were exchanged, compared to its average volume of 3,170,153. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $127.93. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a 50 day moving average of $109.85 and a 200 day moving average of $107.74. The stock has a market cap of $105.33 billion, a PE ratio of 30.75, a PEG ratio of 2.87 and a beta of 1.26.

Prologis (NYSE:PLD - Get Free Report) last released its quarterly earnings data 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 company 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 firm's revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.34 EPS. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. On average, equities analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Bank of America raised shares of Prologis from a "neutral" rating to a "buy" rating and lifted their price target for the company from $118.00 to $130.00 in a research report on Tuesday. Mizuho set a $118.00 target price on shares of Prologis and gave the stock an "outperform" rating in a research report on Tuesday, August 19th. Evercore ISI boosted their target price on shares of Prologis from $111.00 to $113.00 and gave the stock an "in-line" rating in a research report on Monday, September 15th. Wells Fargo & Company set a $137.00 target price on shares of Prologis and gave the stock an "overweight" rating in a research report on Sunday, July 13th. Finally, UBS Group boosted their target price on shares of Prologis from $106.00 to $120.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $122.58.

Insider Buying and Selling at Prologis

In related news, CAO Lori A. Palazzolo sold 25,000 shares of the firm's stock in a transaction on 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 transaction, the chief accounting officer owned 414 shares in the company, valued at approximately $46,090.62. This trade represents a 98.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Cristina Gabriela Bita sold 1,000 shares of the firm's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $111.00, for a total value of $111,000.00. Following the completion of the transaction, the director owned 9,829 shares in the company, valued at $1,091,019. The trade was a 9.23% decrease in their position. The disclosure for this sale can be found here. 0.57% of the stock is owned by company insiders.

Prologis Company Profile

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.