OneDigital Investment Advisors LLC Has $1.26 Million Stock Holdings in Prologis, Inc. (NYSE:PLD)

OneDigital Investment Advisors LLC lowered its stake in Prologis, Inc. (NYSE:PLD) by 22.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,943 shares of the real estate investment trust’s stock after selling 2,928 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Prologis were worth $1,256,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of PLD. Swedbank AB acquired a new position in shares of Prologis during the 1st quarter worth approximately $596,614,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Prologis in the second quarter valued at $203,223,000. AMF Tjanstepension AB increased its holdings in Prologis by 267.9% during the third quarter. AMF Tjanstepension AB now owns 1,875,612 shares of the real estate investment trust’s stock worth $236,879,000 after buying an additional 1,365,811 shares during the last quarter. Federated Hermes Inc. raised its position in Prologis by 326.3% during the second quarter. Federated Hermes Inc. now owns 1,774,932 shares of the real estate investment trust’s stock worth $199,343,000 after acquiring an additional 1,358,542 shares in the last quarter. Finally, 1832 Asset Management L.P. raised its position in Prologis by 137.7% during the second quarter. 1832 Asset Management L.P. now owns 1,856,632 shares of the real estate investment trust’s stock worth $208,518,000 after acquiring an additional 1,075,614 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insider Buying and Selling at Prologis

In related news, CIO Joseph Ghazal sold 5,200 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $129.07, for a total value of $671,164.00. Following the sale, the executive now directly owns 13,187 shares of the company’s stock, valued at $1,702,046.09. This trade represents a 28.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.50% of the company’s stock.

Prologis Price Performance

Prologis stock opened at $114.65 on Tuesday. The firm has a market cap of $106.19 billion, a PE ratio of 34.64, a price-to-earnings-growth ratio of 2.98 and a beta of 1.08. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.43 and a quick ratio of 0.43. The stock’s fifty day moving average price is $121.03 and its two-hundred day moving average price is $118.23. Prologis, Inc. has a one year low of $101.11 and a one year high of $137.52.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.29). The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.30 EPS. As a group, research analysts expect that Prologis, Inc. will post 5.45 EPS for the current fiscal year.

Prologis Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a $0.96 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $3.84 dividend on an annualized basis and a yield of 3.35%. Prologis’s dividend payout ratio (DPR) is 116.01%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PLD shares. JPMorgan Chase & Co. lowered their price objective on shares of Prologis from $138.00 to $131.00 and set an “overweight” rating on the stock in a research note on Monday, October 21st. Wells Fargo & Company upped their price objective on Prologis from $142.00 to $146.00 and gave the company an “overweight” rating in a research note on Wednesday, August 28th. Bank of America reiterated a “neutral” rating and set a $128.00 target price on shares of Prologis in a research note on Monday, August 12th. Truist Financial increased their price target on Prologis from $125.00 to $137.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Finally, Morgan Stanley raised their price target on Prologis from $132.00 to $133.00 and gave the company an “overweight” rating in a report on Wednesday, August 14th. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $131.18.

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.