Nicola Wealth Management LTD. Decreases Stake in Prologis, Inc. $PLD

Nicola Wealth Management LTD. lowered its stake in Prologis, Inc. (NYSE:PLD) by 37.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 89,000 shares of the real estate investment trust’s stock after selling 53,000 shares during the period. Nicola Wealth Management LTD.’s holdings in Prologis were worth $11,362,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. High Point Wealth Management LLC purchased a new position in shares of Prologis in the fourth quarter worth $26,000. Ares Financial Consulting LLC purchased a new position in shares of Prologis in the fourth quarter worth $26,000. Eagle Bay Advisors LLC purchased a new position in shares of Prologis in the fourth quarter worth $27,000. High Note Wealth LLC raised its holdings in shares of Prologis by 43.9% in the fourth quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 76 shares during the last quarter. Finally, True Wealth Design LLC raised its holdings in shares of Prologis by 87.1% in the fourth quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 122 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

PLD has been the subject of a number of research analyst reports. BMO Capital Markets raised shares of Prologis from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $137.00 to $162.00 in a report on Thursday, May 7th. Mizuho raised their price target on shares of Prologis from $143.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. BTIG Research reiterated a “buy” rating and issued a $155.00 price objective on shares of Prologis in a research note on Wednesday, April 15th. Citigroup increased their price objective on shares of Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Finally, Truist Financial increased their price objective on shares of Prologis from $139.00 to $154.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Sixteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $149.76.

Prologis Stock Up 0.1%

NYSE:PLD opened at $146.05 on Monday. The firm has a market capitalization of $136.17 billion, a P/E ratio of 36.79, a PEG ratio of 3.21 and a beta of 1.33. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51. The company’s fifty day moving average price is $137.85 and its 200-day moving average price is $133.42. Prologis, Inc. has a 1-year low of $103.02 and a 1-year high of $146.27.

Prologis (NYSE:PLD) last released its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, beating the consensus estimate of $0.81 by $0.24. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The firm’s revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the business earned $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, equities research analysts anticipate that Prologis, Inc. will post 6.17 EPS for the current year.

Prologis Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 2.9%. The ex-dividend date is Tuesday, June 16th. Prologis’s dividend payout ratio (DPR) is currently 107.81%.

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.