Nicola Wealth Management LTD. Has $16.26 Million Stake in Prologis, Inc. $PLD

Nicola Wealth Management LTD. lowered its stake in shares of Prologis, Inc. (NYSE:PLD) by 18.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,000 shares of the real estate investment trust’s stock after selling 31,544 shares during the quarter. Prologis comprises approximately 1.4% of Nicola Wealth Management LTD.’s investment portfolio, making the stock its 25th biggest position. Nicola Wealth Management LTD.’s holdings in Prologis were worth $16,262,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. increased its position in shares of Prologis by 0.5% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 16,583 shares of the real estate investment trust’s stock worth $1,941,000 after purchasing an additional 82 shares during the period. Ignite Planners LLC increased its holdings in Prologis by 3.2% in the 3rd quarter. Ignite Planners LLC now owns 2,937 shares of the real estate investment trust’s stock valued at $336,000 after buying an additional 92 shares during the period. ORG Partners LLC raised its position in shares of Prologis by 3.3% in the 3rd quarter. ORG Partners LLC now owns 2,867 shares of the real estate investment trust’s stock valued at $328,000 after buying an additional 92 shares in the last quarter. Stratos Wealth Partners LTD. lifted its holdings in shares of Prologis by 0.7% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 13,678 shares of the real estate investment trust’s stock worth $1,438,000 after acquiring an additional 93 shares during the period. Finally, Stableford Capital II LLC boosted its position in shares of Prologis by 0.4% during the 3rd quarter. Stableford Capital II LLC now owns 21,090 shares of the real estate investment trust’s stock worth $2,415,000 after acquiring an additional 94 shares in the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Trading Down 0.5%

Shares of Prologis stock opened at $126.50 on Tuesday. The stock has a market capitalization of $117.50 billion, a P/E ratio of 36.88, a P/E/G ratio of 3.71 and a beta of 1.40. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 0.19. The stock’s 50-day simple moving average is $128.44 and its 200 day simple moving average is $119.48. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $134.94.

Prologis (NYSE:PLD) last announced its earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.44. The business had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.09 billion. Prologis had a return on equity of 6.64% and a net margin of 37.86%.The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.42 EPS. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, research analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th were issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Tuesday, December 16th. Prologis’s dividend payout ratio is presently 113.80%.

Insider Activity at Prologis

In related news, Director Cristina Gabriela Bita sold 621 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $127.60, for a total value of $79,239.60. Following the completion of the sale, the director owned 8,208 shares in the company, valued at $1,047,340.80. The trade was a 7.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

PLD has been the topic of a number of recent analyst reports. BMO Capital Markets reiterated a “market perform” rating and issued a $123.00 target price on shares of Prologis in a research report on Thursday. Truist Financial decreased their price target on Prologis from $142.00 to $139.00 and set a “buy” rating for the company in a research note on Monday. Mizuho boosted their target price on shares of Prologis from $138.00 to $143.00 and gave the company an “outperform” rating in a report on Monday. Argus boosted their price target on Prologis from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Finally, Freedom Capital downgraded shares of Prologis from a “strong-buy” rating to a “hold” rating in a research report on Friday. Thirteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $134.22.

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.