JB Capital LLC Acquires 7,259 Shares of Prologis, Inc. $PLD

JB Capital LLC boosted its holdings in shares of Prologis, Inc. (NYSE:PLDFree Report) by 7.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 109,061 shares of the real estate investment trust’s stock after purchasing an additional 7,259 shares during the quarter. JB Capital LLC’s holdings in Prologis were worth $13,923,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of PLD. Clayton Financial Group LLC purchased a new stake in shares of Prologis during the 3rd quarter valued at about $26,000. True Wealth Design LLC grew its position in Prologis by 87.1% in the fourth quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 122 shares in the last quarter. Silver Oak Securities Incorporated purchased a new position in Prologis in the third quarter worth about $36,000. Rossby Financial LCC increased its stake in Prologis by 69.6% during the third quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 135 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in Prologis during the fourth quarter worth approximately $38,000. Institutional investors own 93.50% of the company’s stock.

Prologis Trading Up 0.1%

NYSE PLD opened at $133.91 on Friday. The stock has a market cap of $124.84 billion, a PE ratio of 37.72, a PEG ratio of 3.16 and a beta of 1.40. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $143.95. The company’s 50-day moving average price is $134.93 and its 200-day moving average price is $128.16. 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:PLDGet Free Report) last announced its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.44. The company had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.09 billion. Prologis had a net margin of 37.86% and a return on equity of 5.79%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the business posted $1.42 EPS. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Equities research analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were given a dividend of $1.07 per share. This is a positive change from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $4.28 dividend on an annualized basis and a yield of 3.2%. Prologis’s payout ratio is 120.56%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Argus raised their price objective on Prologis from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Citigroup initiated coverage on Prologis in a report on Thursday, March 5th. They set a “buy” rating and a $145.00 price target on the stock. Jefferies Financial Group raised their price target on Prologis from $146.00 to $157.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Prologis in a research note on Friday, March 27th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $123.00 price objective on shares of Prologis in a research report on Thursday, January 22nd. Fourteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $137.20.

Get Our Latest Stock Analysis on PLD

Prologis News Summary

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About Prologis

(Free Report)

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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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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