Prologis, Inc. (NYSE:PLD) Stock Holdings Boosted by Nicola Wealth Management LTD.

Nicola Wealth Management LTD. raised its position in shares of Prologis, Inc. (NYSE:PLD) by 3.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 162,545 shares of the real estate investment trust’s stock after buying an additional 5,127 shares during the period. Prologis comprises about 1.9% of Nicola Wealth Management LTD.’s investment portfolio, making the stock its 20th biggest holding. Nicola Wealth Management LTD.’s holdings in Prologis were worth $18,270,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PLD. Dunhill Financial LLC boosted its stake in shares of Prologis by 239.5% during the 3rd quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 182 shares in the last quarter. Centricity Wealth Management LLC bought a new stake in shares of Prologis during the 4th quarter worth $30,000. Whipplewood Advisors LLC bought a new stake in shares of Prologis during the 4th quarter worth $34,000. Hara Capital LLC bought a new stake in shares of Prologis during the 3rd quarter worth $48,000. Finally, Coastline Trust Co bought a new stake in shares of Prologis during the 3rd quarter worth $52,000. 93.50% of the stock is owned by institutional investors.

Insider Buying and Selling at Prologis

In other Prologis 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 transaction, the executive now directly owns 7,977 shares in the company, valued at $947,188.98. This trade represents a 57.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.50% of the company’s stock.

Prologis Price Performance

NYSE PLD opened at $123.48 on Tuesday. Prologis, Inc. has a fifty-two week low of $100.82 and a fifty-two week high of $135.76. The stock’s 50-day moving average is $114.66 and its two-hundred day moving average is $118.00. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.75 and a quick ratio of 0.43. The firm has a market cap of $114.45 billion, a P/E ratio of 30.87, a price-to-earnings-growth ratio of 2.70 and a beta of 1.10.

Prologis Increases Dividend

The business 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. 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 3.27%. The ex-dividend date of this dividend is Tuesday, March 18th. Prologis’s dividend payout ratio (DPR) is 101.00%.

Analysts Set New Price Targets

Several research firms have recently weighed in on PLD. BTIG Research reduced their price objective on Prologis from $154.00 to $134.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Robert W. Baird increased their target price on Prologis from $123.00 to $124.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Royal Bank of Canada increased their target price on Prologis from $125.00 to $128.00 and gave the company a “sector perform” rating in a report on Monday, January 27th. BMO Capital Markets lowered Prologis from a “market perform” rating to an “underperform” rating and reduced their target price for the company from $120.00 to $104.00 in a report on Friday, December 6th. Finally, Raymond James restated a “market perform” rating on shares of Prologis in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Prologis currently has an average rating of “Moderate Buy” and an average price target 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.