Leibman Financial Services Inc. Raises Stock Holdings in Prologis, Inc. (NYSE:PLD)

Leibman Financial Services Inc. boosted its stake in Prologis, Inc. (NYSE:PLD) by 25.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,794 shares of the real estate investment trust’s stock after purchasing an additional 3,828 shares during the quarter. Leibman Financial Services Inc.’s holdings in Prologis were worth $1,987,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Coronation Fund Managers Ltd. purchased a new position in shares of Prologis during the 2nd quarter valued at about $878,000. Headlands Technologies LLC purchased a new position in Prologis in the 2nd quarter worth $53,000. Oppenheimer Asset Management Inc. lifted its stake in Prologis by 1.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 39,815 shares of the real estate investment trust’s stock worth $4,472,000 after purchasing an additional 381 shares during the last quarter. Brown Brothers Harriman & Co. boosted its position in Prologis by 362.9% during the second quarter. Brown Brothers Harriman & Co. now owns 3,930 shares of the real estate investment trust’s stock valued at $441,000 after buying an additional 3,081 shares during the period. Finally, Black Diamond Financial LLC grew its stake in shares of Prologis by 3.2% during the second quarter. Black Diamond Financial LLC now owns 4,150 shares of the real estate investment trust’s stock valued at $466,000 after buying an additional 128 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on PLD shares. Raymond James reaffirmed an “outperform” rating and set a $125.00 price objective (down from $130.00) on shares of Prologis in a research note on Wednesday, December 11th. BMO Capital Markets cut shares of Prologis from a “market perform” rating to an “underperform” rating and cut their price objective for the stock from $120.00 to $104.00 in a report on Friday, December 6th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $132.00 price target (down previously from $142.00) on shares of Prologis in a research report on Monday, October 21st. Robert W. Baird upgraded Prologis from a “neutral” rating to an “outperform” rating and cut their target price for the company from $124.00 to $123.00 in a research note on Monday, January 6th. Finally, Evercore ISI upped their target price on shares of Prologis from $124.00 to $128.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $129.06.

Prologis Stock Up 1.7 %

Shares of PLD opened at $105.37 on Tuesday. The business’s 50 day moving average is $110.77 and its 200 day moving average is $118.46. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.56. Prologis, Inc. has a 12-month low of $100.82 and a 12-month high of $135.76. The company has a market capitalization of $97.59 billion, a PE ratio of 31.83, a price-to-earnings-growth ratio of 3.27 and a beta of 1.09.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $1.08 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.29). The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Prologis had a return on equity of 5.34% and a net margin of 39.08%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.30 EPS. Research analysts expect that Prologis, Inc. will post 5.45 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a dividend of $0.96 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.64%. Prologis’s dividend payout ratio is currently 116.01%.

Prologis Company 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.