OneDigital Investment Advisors LLC Buys New Holdings in Prologis, Inc. $PLD

OneDigital Investment Advisors LLC purchased a new position in Prologis, Inc. (NYSE:PLD) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 11,786 shares of the real estate investment trust’s stock, valued at approximately $1,597,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. High Point Wealth Management LLC acquired a new stake in shares of Prologis in the fourth quarter worth $26,000. Ares Financial Consulting LLC acquired a new position in Prologis during the fourth quarter valued at $26,000. Clearstead Trust LLC acquired a new position in Prologis during the second quarter valued at $28,000. SouthState Bank Corp boosted its holdings in Prologis by 73.1% in the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 95 shares during the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new stake in Prologis in the fourth quarter valued at $29,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Stock Down 0.3%

PLD stock opened at $140.61 on Tuesday. Prologis, Inc. has a one year low of $105.42 and a one year high of $153.35. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.70 and a current ratio of 0.70. The firm’s fifty day moving average is $143.05 and its 200 day moving average is $140.04. The firm has a market cap of $131.20 billion, a PE ratio of 31.32 and a beta of 1.31.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.38. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The business had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the prior year, the firm posted $1.46 earnings per share. The company’s revenue was up 11.0% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. On average, research analysts forecast that Prologis, Inc. will post 6.28 EPS for the current year.

Insider Buying and Selling at Prologis

In related news, CFO Timothy D. Arndt sold 3,597 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $150.00, for a total value of $539,550.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.52% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PLD shares. Raymond James Financial initiated coverage on Prologis in a research note on Thursday, June 18th. They set a “market perform” rating for the company. Citigroup upped their target price on Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Mizuho raised their target price on Prologis from $150.00 to $159.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. Truist Financial lifted their price target on Prologis from $154.00 to $162.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Finally, Weiss Ratings upgraded Prologis from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 12th. Sixteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $154.57.

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.