Nicola Wealth Management LTD. Reduces Position in Prologis, Inc. $PLD

Nicola Wealth Management LTD. cut its position in Prologis, Inc. (NYSE:PLD) by 2.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 158,339 shares of the real estate investment trust’s stock after selling 4,206 shares during the period. Prologis accounts for 1.7% of Nicola Wealth Management LTD.’s investment portfolio, making the stock its 17th largest holding. Nicola Wealth Management LTD.’s holdings in Prologis were worth $17,701,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of PLD. Nuveen LLC purchased a new stake in shares of Prologis in the 1st quarter valued at approximately $1,456,768,000. Valeo Financial Advisors LLC lifted its position in shares of Prologis by 282.5% during the 1st quarter. Valeo Financial Advisors LLC now owns 3,875,386 shares of the real estate investment trust’s stock worth $433,229,000 after buying an additional 2,862,183 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Prologis by 83.8% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,779,830 shares of the real estate investment trust’s stock worth $399,528,000 after buying an additional 1,723,129 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Prologis during the 4th quarter worth approximately $163,970,000. Finally, SG Americas Securities LLC lifted its position in shares of Prologis by 5,678.8% during the 1st quarter. SG Americas Securities LLC now owns 1,436,773 shares of the real estate investment trust’s stock worth $160,617,000 after buying an additional 1,411,910 shares during the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Prologis

In other news, CAO Lori A. Palazzolo sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $111.33, for a total transaction of $2,783,250.00. Following the completion of the sale, the chief accounting officer owned 414 shares in the company, valued at $46,090.62. This represents a 98.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Cristina Gabriela Bita sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $111.00, for a total value of $111,000.00. Following the sale, the director owned 9,829 shares of the company’s stock, valued at $1,091,019. This trade represents a 9.23% decrease in their position. The disclosure for this sale can be found here. 0.57% of the stock is owned by corporate insiders.

Prologis Stock Performance

Shares of PLD opened at $115.09 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.61. The firm has a market cap of $106.83 billion, a PE ratio of 31.19, a price-to-earnings-growth ratio of 2.78 and a beta of 1.26. The company’s 50 day simple moving average is $109.03 and its 200-day simple moving average is $108.10. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $132.39.

Prologis (NYSE:PLD) last announced its earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.05. The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.03 billion. Prologis had a net margin of 40.29% and a return on equity of 5.96%. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period last year, the firm posted $1.34 earnings per share. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. As a group, equities analysts predict that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be paid a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Tuesday, September 16th. Prologis’s dividend payout ratio is 109.49%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on PLD shares. Wells Fargo & Company set a $137.00 price objective on shares of Prologis and gave the stock an “overweight” rating in a research report on Sunday, July 13th. Scotiabank set a $114.00 price objective on shares of Prologis and gave the stock a “sector perform” rating in a research report on Wednesday, August 27th. UBS Group boosted their price objective on shares of Prologis from $106.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Mizuho set a $118.00 price objective on shares of Prologis and gave the stock an “outperform” rating in a research report on Tuesday, August 19th. Finally, Wall Street Zen downgraded shares of Prologis from a “hold” rating to a “sell” rating in a research report on Saturday, June 14th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.83.

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.