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

OneDigital Investment Advisors LLC decreased its position in shares of Prologis, Inc. (NYSE:PLD) by 22.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 9,943 shares of the real estate investment trust’s stock after selling 2,928 shares during the period. OneDigital Investment Advisors LLC’s holdings in Prologis were worth $1,256,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. American Capital Advisory LLC acquired a new stake in shares of Prologis during the second quarter valued at about $26,000. Semmax Financial Advisors Inc. acquired a new stake in Prologis during the 2nd quarter worth approximately $27,000. Central Valley Advisors LLC bought a new stake in Prologis during the 2nd quarter worth approximately $29,000. Sunbelt Securities Inc. increased its position in Prologis by 640.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 224 shares during the period. Finally, Wetzel Investment Advisors Inc. bought a new position in shares of Prologis during the second quarter valued at $31,000. Institutional investors own 93.50% of the company’s stock.

Prologis Trading Up 1.1 %

NYSE PLD opened at $114.65 on Tuesday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.56. Prologis, Inc. has a 52 week low of $101.11 and a 52 week high of $137.52. The business has a 50 day moving average price of $121.03 and a 200-day moving average price of $118.23. The company has a market cap of $106.19 billion, a price-to-earnings ratio of 34.64, a P/E/G ratio of 2.98 and a beta of 1.08.

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 analysts’ consensus estimates of $1.37 by ($0.29). Prologis had a net margin of 39.08% and a return on equity of 5.34%. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter last year, the firm posted $1.30 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, equities analysts expect that Prologis, Inc. will post 5.45 earnings per share for the current fiscal year.

Prologis Announces Dividend

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

Insider Buying and Selling at Prologis

In other Prologis news, CIO Joseph Ghazal sold 5,200 shares of Prologis stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $129.07, for a total transaction of $671,164.00. Following the transaction, the executive now owns 13,187 shares of the company’s stock, valued at $1,702,046.09. This trade represents a 28.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on PLD shares. Evercore ISI boosted their price objective on shares of Prologis from $124.00 to $128.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Scotiabank decreased their price target on Prologis from $142.00 to $136.00 and set a “sector outperform” rating for the company in a research note on Friday, October 25th. Morgan Stanley lifted their price objective on Prologis from $132.00 to $133.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 14th. Royal Bank of Canada lowered shares of Prologis from an “outperform” rating to a “sector perform” rating and raised their price target for the stock from $124.00 to $127.00 in a report on Monday, August 5th. Finally, Truist Financial upped their price objective on shares of Prologis from $125.00 to $137.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $131.18.

About Prologis

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.