Prologis, Inc. (NYSE:PLD) Shares Bought by JB Capital LLC

JB Capital LLC lifted its position in shares of Prologis, Inc. (NYSE:PLD) by 6.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,297 shares of the real estate investment trust’s stock after purchasing an additional 5,206 shares during the quarter. JB Capital LLC’s holdings in Prologis were worth $8,805,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in PLD. Dunhill Financial LLC lifted its position in shares of Prologis by 239.5% during the 3rd quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 182 shares in the last quarter. Hara Capital LLC acquired a new position in Prologis during the third quarter worth $48,000. Coastline Trust Co acquired a new position in Prologis during the third quarter worth $52,000. Fortitude Family Office LLC lifted its holdings in Prologis by 120.6% during the third quarter. Fortitude Family Office LLC now owns 439 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 240 shares in the last quarter. Finally, Hanson & Doremus Investment Management grew its position in shares of Prologis by 42.2% in the fourth quarter. Hanson & Doremus Investment Management now owns 623 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 185 shares during the period. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Price Performance

NYSE:PLD opened at $119.14 on Monday. Prologis, Inc. has a 52 week low of $100.82 and a 52 week high of $135.76. The stock’s fifty day moving average is $111.03 and its two-hundred day moving average is $118.40. The company has a market capitalization of $110.34 billion, a P/E ratio of 29.78, a P/E/G ratio of 2.66 and a beta of 1.09. The company has a quick ratio of 0.43, a current ratio of 0.23 and a debt-to-equity ratio of 0.53.

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend was Monday, December 16th. Prologis’s dividend payout ratio is presently 96.00%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PLD. Royal Bank of Canada raised their price target on shares of Prologis from $125.00 to $128.00 and gave the company a “sector perform” rating in a research note on Monday, January 27th. Raymond James restated an “outperform” rating and issued a $125.00 target price (down previously from $130.00) on shares of Prologis in a research report on Wednesday, December 11th. Mizuho lowered their price target on Prologis from $119.00 to $117.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. BTIG Research reduced their price objective on Prologis from $154.00 to $134.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Finally, BMO Capital Markets cut shares of Prologis from a “market perform” rating to an “underperform” rating and lowered their target price for the stock from $120.00 to $104.00 in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $128.78.

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.