Danske Bank A S Purchases New Stake in Prologis, Inc. $PLD

Danske Bank A S bought a new position in shares of Prologis, Inc. (NYSE:PLD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 669,946 shares of the real estate investment trust’s stock, valued at approximately $90,758,000. Danske Bank A S owned 0.07% of Prologis as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of PLD. BlackRock Inc. bought a new stake in shares of Prologis in the 2nd quarter worth approximately $14,006,587,000. Norges Bank bought a new position in Prologis during the 4th quarter worth $1,589,125,000. Cardano Risk Management B.V. grew its stake in Prologis by 999.3% during the 4th quarter. Cardano Risk Management B.V. now owns 11,228,730 shares of the real estate investment trust’s stock worth $1,433,460,000 after buying an additional 10,207,267 shares during the last quarter. Deutsche Bank AG acquired a new stake in Prologis in the second quarter worth $968,959,000. Finally, Bank of New York Mellon Corp acquired a new stake in Prologis in the second quarter worth $742,843,000. 93.50% of the stock is currently owned by institutional investors.

Prologis Trading Down 0.2%

Prologis stock opened at $140.30 on Wednesday. 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 firm has a market cap of $130.91 billion, a price-to-earnings ratio of 31.25 and a beta of 1.31. The firm’s 50 day moving average price is $142.90 and its two-hundred day moving average price is $140.13. Prologis, Inc. has a 1 year low of $107.03 and a 1 year high of $153.35.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, beating 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 business had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the prior year, the firm earned $1.46 EPS. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. On average, research analysts predict that Prologis, Inc. will post 6.28 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on PLD shares. Morgan Stanley raised their price target on Prologis from $135.00 to $151.00 and gave the company an “equal weight” rating in a report on Tuesday, May 26th. Wells Fargo & Company increased their target price on shares of Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Weiss Ratings raised shares of Prologis from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 12th. Citigroup boosted their price target on shares of Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Finally, Truist Financial increased their price objective on shares of Prologis from $154.00 to $162.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Sixteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Prologis has an average rating of “Moderate Buy” and an average target price of $154.57.

Insider Activity

In related news, CFO Timothy D. Arndt sold 3,597 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $150.00, for a total value of $539,550.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.52% of the stock is currently owned by corporate insiders.

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.