FDx Advisors Inc. Has $211,000 Holdings in Prologis, Inc. (NYSE:PLD)

FDx Advisors Inc. boosted its holdings in shares of Prologis, Inc. (NYSE:PLD) by 11.2% in the fourth quarter, HoldingsChannel reports. The firm owned 1,993 shares of the real estate investment trust’s stock after acquiring an additional 201 shares during the period. FDx Advisors Inc.’s holdings in Prologis were worth $211,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. AMF Tjanstepension AB raised its holdings in shares of Prologis by 267.9% in the third quarter. AMF Tjanstepension AB now owns 1,875,612 shares of the real estate investment trust’s stock valued at $236,879,000 after buying an additional 1,365,811 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in Prologis by 37.8% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 14,330 shares of the real estate investment trust’s stock valued at $1,810,000 after acquiring an additional 3,929 shares in the last quarter. Lecap Asset Management Ltd. bought a new position in shares of Prologis in the third quarter worth about $357,000. International Assets Investment Management LLC lifted its position in shares of Prologis by 9,354.5% during the third quarter. International Assets Investment Management LLC now owns 434,908 shares of the real estate investment trust’s stock worth $54,920,000 after purchasing an additional 430,308 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Prologis by 14.5% during the third quarter. Assenagon Asset Management S.A. now owns 28,534 shares of the real estate investment trust’s stock valued at $3,603,000 after purchasing an additional 3,614 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

Insider Buying and Selling at Prologis

In other news, CIO Joseph Ghazal sold 10,997 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $118.74, for a total transaction of $1,305,783.78. Following the sale, the executive now owns 7,977 shares of the company’s stock, valued at $947,188.98. This trade represents a 57.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.50% of the company’s stock.

Prologis Trading Up 0.1 %

Shares of NYSE PLD opened at $121.01 on Friday. Prologis, Inc. has a twelve month low of $100.82 and a twelve month high of $135.76. The stock has a market cap of $112.16 billion, a price-to-earnings ratio of 30.25, a P/E/G ratio of 2.72 and a beta of 1.10. The company has a quick ratio of 0.43, a current ratio of 0.75 and a debt-to-equity ratio of 0.53. The company’s fifty day moving average is $112.56 and its 200-day moving average is $118.03.

Prologis Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be issued a dividend of $1.01 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This is a positive change from Prologis’s previous quarterly dividend of $0.96. This represents a $4.04 annualized dividend and a yield of 3.34%. Prologis’s payout ratio is currently 96.00%.

Analysts Set New Price Targets

Several research firms recently weighed in on PLD. BMO Capital Markets cut shares of Prologis from a “market perform” rating to an “underperform” rating and dropped their price objective for the stock from $120.00 to $104.00 in a research report on Friday, December 6th. BTIG Research dropped their target price on Prologis from $154.00 to $134.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Scotiabank decreased their price target on Prologis from $134.00 to $133.00 and set a “sector outperform” rating on the stock in a report on Monday, January 27th. Raymond James reiterated a “market perform” rating on shares of Prologis in a research report on Monday, February 3rd. Finally, Royal Bank of Canada upped their target price on shares of Prologis from $125.00 to $128.00 and gave the company a “sector perform” rating in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Prologis has a consensus rating of “Moderate Buy” and a consensus target price of $128.78.

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.