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

Nicola Wealth Management LTD. cut its holdings in shares of Prologis, Inc. (NYSE:PLD) by 18.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 142,000 shares of the real estate investment trust’s stock after selling 31,544 shares during the period. Prologis accounts for 1.4% of Nicola Wealth Management LTD.’s 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.

A number of other institutional investors also recently bought and sold shares of PLD. Whittier Trust Co. of Nevada Inc. grew its stake in 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 grew its stake in shares of Prologis by 3.2% in the third quarter. Ignite Planners LLC now owns 2,937 shares of the real estate investment trust’s stock worth $336,000 after acquiring an additional 92 shares during the last quarter. ORG Partners LLC grew its position in Prologis by 3.3% during the 3rd quarter. ORG Partners LLC now owns 2,867 shares of the real estate investment trust’s stock valued at $328,000 after purchasing an additional 92 shares during the last quarter. Stratos Wealth Partners LTD. increased its stake in 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 valued at $1,438,000 after purchasing an additional 93 shares in the last quarter. Finally, Stableford Capital II LLC grew its holdings in shares of Prologis by 0.4% during the third quarter. Stableford Capital II LLC now owns 21,090 shares of the real estate investment trust’s stock valued at $2,415,000 after buying an additional 94 shares during the last quarter. 93.50% of the stock is owned by institutional investors.

Prologis Stock Down 0.5%

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

Prologis (NYSE:PLD) last posted its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.44. The business had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.09 billion. Prologis had a net margin of 37.86% and a return on equity of 6.64%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the firm posted $1.42 earnings per share. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. On average, sell-side analysts predict that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on PLD shares. BTIG Research increased their price objective on Prologis from $134.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, December 31st. BMO Capital Markets reissued a “market perform” rating and set a $123.00 price target on shares of Prologis in a report on Thursday. Evercore ISI upped their price target on shares of Prologis from $118.00 to $121.00 and gave the company an “in-line” rating in a research report on Thursday, January 22nd. Morgan Stanley set a $135.00 price objective on Prologis in a research report on Friday, January 16th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $130.00 price target (up previously from $128.00) on shares of Prologis in a report on Thursday, January 8th. Thirteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $134.22.

Insider Activity at Prologis

In related news, Director Cristina Gabriela Bita sold 621 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $127.60, for a total value of $79,239.60. Following the sale, the director owned 8,208 shares of the company’s stock, valued at $1,047,340.80. This trade represents a 7.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.57% of the company’s stock.

About Prologis

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.