OneAscent Financial Services LLC lifted its position in Prologis, Inc. (NYSE:PLD) by 23.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,929 shares of the real estate investment trust’s stock after acquiring an additional 1,137 shares during the quarter. OneAscent Financial Services LLC’s holdings in Prologis were worth $591,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of PLD. Marshall Wace LLP acquired a new stake in shares of Prologis during the first quarter worth $57,000. PNC Financial Services Group Inc. lifted its stake in shares of Prologis by 10.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 127,022 shares of the real estate investment trust’s stock valued at $11,855,000 after purchasing an additional 11,973 shares during the period. Engineers Gate Manager LP acquired a new stake in Prologis during the 2nd quarter worth $293,000. Orion Portfolio Solutions LLC raised its stake in Prologis by 27.0% during the 2nd quarter. Orion Portfolio Solutions LLC now owns 3,662 shares of the real estate investment trust’s stock worth $342,000 after buying an additional 778 shares during the period. Finally, Rockbridge Investment Management LCC acquired a new stake in shares of Prologis in the 2nd quarter valued at about $39,000. Institutional investors own 94.75% of the company’s stock.
PLD opened at $95.41 on Thursday. The firm has a market cap of $70.53 billion, a P/E ratio of 42.40, a PEG ratio of 3.60 and a beta of 0.90. Prologis, Inc. has a 1-year low of $59.82 and a 1-year high of $112.37. The company has a 50 day simple moving average of $97.81 and a two-hundred day simple moving average of $100.21. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.48 and a quick ratio of 0.48.
The business also recently announced a quarterly dividend, which was paid on Thursday, December 31st. Investors of record on Friday, December 18th were given a dividend of $0.58 per share. The ex-dividend date of this dividend was Thursday, December 17th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.43%. Prologis’s dividend payout ratio is 70.09%.
Several brokerages have issued reports on PLD. BidaskClub upgraded shares of Prologis from a “sell” rating to a “hold” rating in a research report on Friday, December 18th. The Goldman Sachs Group initiated coverage on shares of Prologis in a research note on Tuesday, September 29th. They issued a “buy” rating on the stock. Zacks Investment Research cut shares of Prologis from a “buy” rating to a “hold” rating and set a $111.00 price target on the stock. in a research report on Thursday, October 8th. BTIG Research upped their price target on shares of Prologis from $100.00 to $117.00 and gave the company a “buy” rating in a research report on Monday, November 30th. Finally, UBS Group started coverage on shares of Prologis in a report on Friday, October 16th. They set a “buy” rating and a $126.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Prologis has a consensus rating of “Buy” and a consensus price target of $107.80.
Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of September 30, 2020, 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 976 million square feet (91 million square meters) in 19 countries.
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