Prologis, Inc. $PLD Shares Bought by Swedbank AB

Key Points

• Swedbank AB boosted its Prologis stake by 36.2% in Q4 to 7,664,583 shares (about $978.5M), making PLD its 16th-largest holding and roughly 0.9% of Swedbank’s investment portfolio.
• Several analysts raised price targets (UBS to $161, JPMorgan to $157, DA Davidson to $160) and the stock carries a consensus rating of Moderate Buy with an average target of $147.90.
• Prologis beat Q1 expectations with $1.05 EPS and $2.30B revenue, set FY2026 guidance of 6.070–6.230 EPS, and declared a quarterly dividend of $1.07 (annualized $4.28, ~3.1% yield).

Swedbank AB grew its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 36.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,664,583 shares of the real estate investment trust's stock after purchasing an additional 2,038,329 shares during the period. Prologis accounts for about 0.9% of Swedbank AB's investment portfolio, making the stock its 16th largest position. Swedbank AB owned about 0.83% of Prologis worth $978,461,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Prologis by 5.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,685,351 shares of the real estate investment trust's stock worth $346,545,000 after purchasing an additional 135,281 shares during the last quarter. Providence First Trust Co acquired a new stake in shares of Prologis during the 4th quarter worth about $400,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Prologis by 4.8% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 335,187 shares of the real estate investment trust's stock worth $42,790,000 after purchasing an additional 15,335 shares during the last quarter. Garner Asset Management Corp acquired a new stake in shares of Prologis during the 4th quarter worth about $40,000. Finally, Principal Financial Group Inc. boosted its position in shares of Prologis by 1.3% in the fourth quarter. Principal Financial Group Inc. now owns 10,946,760 shares of the real estate investment trust's stock worth $1,397,467,000 after acquiring an additional 135,912 shares during the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Evercore set a $135.00 target price on shares of Prologis in a research report on Friday, April 17th. UBS Group lifted their price objective on shares of Prologis from $148.00 to $161.00 and gave the company a "buy" rating in a research note on Friday, April 17th. JPMorgan Chase & Co. lifted their price objective on shares of Prologis from $141.00 to $157.00 and gave the company an "overweight" rating in a research note on Tuesday, April 21st. DA Davidson lifted their price objective on shares of Prologis from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Tuesday, April 21st. Finally, The Goldman Sachs Group reiterated a "neutral" rating and set a $157.00 price objective on shares of Prologis in a research note on Friday, April 17th. Fifteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Prologis currently has a consensus rating of "Moderate Buy" and an average price target of $147.90.

Prologis Stock Up 1.1%

PLD stock opened at $140.27 on Wednesday. Prologis, Inc. has a twelve month low of $103.02 and a twelve month high of $145.44. 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 capitalization of $130.78 billion, a P/E ratio of 35.33, a PEG ratio of 3.06 and a beta of 1.33. The firm has a 50 day simple moving average of $136.75 and a 200-day simple moving average of $131.76.

Prologis (NYSE:PLD - Get Free Report) last released its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.24. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter last year, the company earned $1.43 earnings per share. The business's quarterly revenue was up 6.9% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, equities research analysts predict that Prologis, Inc. will post 6.17 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a dividend of $1.07 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.1%. Prologis's dividend payout ratio (DPR) is presently 107.81%.

Prologis Profile

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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