Swedbank AB Raises Stock Position in Prologis, Inc. $PLD

Key Points

• Swedbank AB has increased its stake in Prologis, Inc. by 4.2%, now owning 4,797,797 shares worth approximately $536 million, making it the 27th largest position in its portfolio.
• Other institutional investors have also made significant adjustments: Activest Wealth Management raised its stake by 637.1%, while REAP Financial Group increased theirs by 40.0% in the last reporting period.
• Prologis announced a quarterly dividend of $1.01 to be paid on September 30th, representing a 3.5% yield and a dividend payout ratio of 109.49%.

Swedbank AB lifted its stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 4.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,797,797 shares of the real estate investment trust's stock after buying an additional 195,018 shares during the quarter. Prologis makes up approximately 0.7% of Swedbank AB's portfolio, making the stock its 27th biggest position. Swedbank AB owned 0.52% of Prologis worth $536,346,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Activest Wealth Management boosted its holdings in Prologis by 637.1% in the first quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 223 shares in the last quarter. REAP Financial Group LLC lifted its stake in Prologis by 40.0% in 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 Prologis in the first quarter valued at approximately $34,000. GKV Capital Management Co. Inc. purchased a new stake in Prologis in the first quarter valued at approximately $34,000. Finally, Saudi Central Bank purchased a new stake in Prologis in the first quarter valued at approximately $41,000. 93.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Prologis

In related news, CAO Lori A. Palazzolo sold 25,000 shares of the company's stock in a transaction that occurred 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 represents a 98.37% decrease in their ownership of the stock. The transaction 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 business's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $111.00, for a total transaction of $111,000.00. Following the sale, the director directly 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 currently owned by corporate insiders.

Prologis Price Performance

Shares of NYSE PLD opened at $115.09 on Friday. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $132.39. The stock's 50 day moving average price is $109.03 and its 200-day moving average price is $108.10. The company has a market capitalization of $106.83 billion, a PE ratio of 31.19, a PEG ratio of 2.78 and a beta of 1.26. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.61.

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

Prologis Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid a $1.01 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $4.04 annualized dividend and a yield of 3.5%. Prologis's dividend payout ratio is presently 109.49%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on PLD shares. Scotiabank set a $114.00 price objective on Prologis and gave the company a "sector perform" rating in a research note on Wednesday, August 27th. UBS Group increased their price objective on Prologis from $106.00 to $120.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Wall Street Zen cut Prologis from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Mizuho set a $118.00 price objective on Prologis and gave the stock an "outperform" rating in a research report on Tuesday, August 19th. Finally, Citigroup cut their price objective on Prologis from $150.00 to $140.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $121.83.

Prologis 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.

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