DNB Asset Management AS Acquires 7,665 Shares of Prologis, Inc. $PLD

DNB Asset Management AS lifted its holdings in Prologis, Inc. (NYSE:PLD) by 3.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 261,542 shares of the real estate investment trust’s stock after purchasing an additional 7,665 shares during the period. DNB Asset Management AS’s holdings in Prologis were worth $29,952,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. lifted its holdings in Prologis by 0.5% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 16,583 shares of the real estate investment trust’s stock worth $1,941,000 after buying an additional 82 shares during the period. Cornerstone Advisory LLC increased its holdings in shares of Prologis by 2.4% in the 3rd quarter. Cornerstone Advisory LLC now owns 3,535 shares of the real estate investment trust’s stock valued at $405,000 after acquiring an additional 84 shares during the period. Clear Investment Research LLC raised its position in shares of Prologis by 34.5% in the 3rd quarter. Clear Investment Research LLC now owns 343 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 88 shares in the last quarter. Fidelis Capital Partners LLC raised its position in shares of Prologis by 1.0% in the 3rd quarter. Fidelis Capital Partners LLC now owns 9,069 shares of the real estate investment trust’s stock worth $1,039,000 after acquiring an additional 89 shares in the last quarter. Finally, Ignite Planners LLC lifted its stake in shares of Prologis by 3.2% during the 3rd quarter. Ignite Planners LLC now owns 2,937 shares of the real estate investment trust’s stock worth $336,000 after purchasing an additional 92 shares during the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Prologis

In other news, Director Cristina Gabriela Bita sold 621 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $127.60, for a total value of $79,239.60. Following the completion of the transaction, the director directly owned 8,208 shares in the company, valued at $1,047,340.80. This trade represents a 7.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.57% of the company’s stock.

Prologis Trading Down 0.2%

Shares of Prologis stock opened at $142.44 on Friday. The firm’s 50 day simple moving average is $132.89 and its two-hundred day simple moving average is $124.20. The firm has a market capitalization of $132.41 billion, a price-to-earnings ratio of 40.12, a PEG ratio of 3.53 and a beta of 1.42. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $143.95. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.61.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, hitting the consensus estimate of $1.44. Prologis had a net margin of 37.86% and a return on equity of 5.79%. The business had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the previous year, the firm posted $1.42 earnings per share. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Analysts predict that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be paid a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 3.0%. The ex-dividend date is Tuesday, March 17th. This is a boost from Prologis’s previous quarterly dividend of $1.01. Prologis’s dividend payout ratio (DPR) is presently 113.80%.

Wall Street Analyst Weigh In

PLD has been the topic of several analyst reports. Wall Street Zen lowered Prologis from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. Truist Financial lowered their price target on shares of Prologis from $142.00 to $139.00 and set a “buy” rating on the stock in a report on Monday, January 26th. The Goldman Sachs Group boosted their price objective on shares of Prologis from $137.00 to $148.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. Weiss Ratings restated a “buy (b-)” rating on shares of Prologis in a research note on Monday, December 29th. Finally, UBS Group lifted their price target on shares of Prologis from $144.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Fourteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $136.95.

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.