Jefferies Financial Group Inc. Reduces Stake in Prologis, Inc. $PLD

Jefferies Financial Group Inc. lowered its holdings in Prologis, Inc. (NYSE:PLD) by 83.2% during the fourth quarter, HoldingsChannel reports. The fund owned 3,795 shares of the real estate investment trust’s stock after selling 18,785 shares during the period. Jefferies Financial Group Inc.’s holdings in Prologis were worth $484,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Guinness Asset Management LTD increased its holdings in shares of Prologis by 36.7% in the 4th quarter. Guinness Asset Management LTD now owns 924 shares of the real estate investment trust’s stock valued at $119,000 after acquiring an additional 248 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Prologis by 19.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 6,107 shares of the real estate investment trust’s stock worth $780,000 after buying an additional 1,000 shares during the last quarter. Americana Partners LLC purchased a new position in Prologis during the 4th quarter worth approximately $202,000. Legato Capital Management LLC purchased a new position in Prologis during the 4th quarter worth approximately $426,000. Finally, Evoke Wealth LLC grew its stake in Prologis by 49.5% during the 4th quarter. Evoke Wealth LLC now owns 3,969 shares of the real estate investment trust’s stock worth $507,000 after buying an additional 1,315 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Trading Down 1.3%

NYSE:PLD opened at $143.80 on Friday. Prologis, Inc. has a 52-week low of $103.41 and a 52-week high of $147.93. The stock’s 50 day moving average price is $139.20 and its 200 day moving average price is $134.11. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $134.07 billion, a PE ratio of 36.22, a P/E/G ratio of 3.16 and a beta of 1.33.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.24. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same period last year, the firm earned $1.43 EPS. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, research analysts anticipate that Prologis, Inc. will post 6.18 EPS for the current year.

Prologis Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s dividend payout ratio (DPR) is presently 107.81%.

Analyst Upgrades and Downgrades

PLD has been the topic of a number of research reports. UBS Group raised their price target on Prologis from $148.00 to $161.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Evercore set a $135.00 price target on Prologis in a research note on Friday, April 17th. Citigroup raised their price target on Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Wall Street Zen upgraded Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Jefferies Financial Group dropped their price target on Prologis from $157.00 to $155.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Sixteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $150.52.

Prologis Company 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.