JB Capital LLC Buys 9,099 Shares of Prologis, Inc. $PLD

JB Capital LLC raised its stake in shares of Prologis, Inc. (NYSE:PLD) by 9.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 101,802 shares of the real estate investment trust’s stock after buying an additional 9,099 shares during the quarter. JB Capital LLC’s holdings in Prologis were worth $11,658,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Clayton Financial Group LLC bought a new position in shares of Prologis during the 3rd quarter valued at about $26,000. Barrett & Company Inc. bought a new position in Prologis in the second quarter worth $44,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Prologis during the second quarter valued at approximately $44,000. Toth Financial Advisory Corp purchased a new position in Prologis in the 3rd quarter worth about $52,000. Finally, Sound Income Strategies LLC raised its position in Prologis by 32.1% in the 3rd quarter. Sound Income Strategies LLC now owns 482 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 117 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors.

Prologis Stock Up 0.4%

Shares of PLD stock opened at $128.96 on Wednesday. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $131.70. The stock has a market cap of $119.79 billion, a P/E ratio of 37.60, a P/E/G ratio of 3.95 and a beta of 1.39. The stock has a 50 day moving average of $126.69 and a 200 day moving average of $116.41. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.62.

Prologis (NYSE:PLD) last released its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $0.82 EPS for the quarter. The company had revenue of $2.21 billion for the quarter. Prologis had a net margin of 36.71% and a return on equity of 5.55%. As a group, sell-side analysts expect that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be issued a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 3.1%. The ex-dividend date is Tuesday, December 16th. Prologis’s payout ratio is 117.78%.

Insider Activity at Prologis

In related news, Director Cristina Gabriela Bita sold 621 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $127.60, for a total transaction of $79,239.60. Following the completion of the transaction, the director owned 8,208 shares of the company’s stock, valued at approximately $1,047,340.80. This trade represents a 7.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

PLD has been the subject of a number of recent research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Prologis in a research note on Monday. Bank of America upgraded Prologis from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $118.00 to $130.00 in a research report on Tuesday, September 16th. Wells Fargo & Company raised their target price on shares of Prologis from $120.00 to $139.00 and gave the company an “overweight” rating in a report on Monday, October 27th. UBS Group set a $138.00 target price on Prologis in a report on Thursday, December 4th. Finally, Industrial Alliance Securities set a $119.00 price target on Prologis in a research report on Monday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $128.24.

About Prologis

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.