Nicola Wealth Management LTD. Trims Holdings in Prologis, Inc. $PLD

Key Points

• Nicola Wealth Management LTD. reduced its shares in Prologis, Inc. by 2.6% during the first quarter, now holding 158,339 shares valued at approximately $17.7 million.
• Insider activity included CAO Lori A. Palazzolo selling 25,000 shares at an average price of $111.33, significantly reducing her ownership by 98.37%.
• Prologis recently declared a quarterly dividend of $1.01, resulting in an annual yield of 3.5%, although the company's dividend payout ratio currently stands at 109.49%.

Nicola Wealth Management LTD. decreased its stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 2.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 158,339 shares of the real estate investment trust's stock after selling 4,206 shares during the quarter. Prologis comprises 1.7% of Nicola Wealth Management LTD.'s holdings, making the stock its 17th largest position. Nicola Wealth Management LTD.'s holdings in Prologis were worth $17,701,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. REAP Financial Group LLC grew its position in Prologis by 40.0% in the fourth quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust's stock worth $31,000 after acquiring an additional 84 shares during the period. LaSalle St. Investment Advisors LLC grew its position in Prologis by 3.7% in the first quarter. LaSalle St. Investment Advisors LLC now owns 2,688 shares of the real estate investment trust's stock worth $300,000 after acquiring an additional 96 shares during the period. Van Hulzen Asset Management LLC grew its position in Prologis by 5.6% in the first quarter. Van Hulzen Asset Management LLC now owns 1,799 shares of the real estate investment trust's stock worth $201,000 after acquiring an additional 96 shares during the period. Sandler Capital Management grew its position in Prologis by 5.3% in the first quarter. Sandler Capital Management now owns 2,000 shares of the real estate investment trust's stock worth $224,000 after acquiring an additional 100 shares during the period. Finally, Focus Financial Network Inc. boosted its stake in Prologis by 5.2% during the first quarter. Focus Financial Network Inc. now owns 2,093 shares of the real estate investment trust's stock worth $234,000 after buying an additional 104 shares during the period. Hedge funds and other institutional investors own 93.50% of the company's stock.

Insider Activity at Prologis

In related news, CAO Lori A. Palazzolo sold 25,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $111.33, for a total value of $2,783,250.00. Following the sale, the chief accounting officer owned 414 shares of the company's stock, valued at $46,090.62. This trade represents a 98.37% 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. Also, Director Cristina Gabriela Bita sold 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $111.00, for a total transaction of $111,000.00. Following the completion of the sale, the director directly owned 9,829 shares in the company, valued at approximately $1,091,019. This trade represents a 9.23% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.57% of the company's stock.

Prologis Stock Performance

Shares of PLD stock opened at $115.09 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.61. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $132.39. The stock has a market capitalization of $106.83 billion, a PE ratio of 31.19, a P/E/G ratio of 2.78 and a beta of 1.26. The firm has a 50 day moving average of $109.03 and a two-hundred day moving average of $108.10.

Prologis (NYSE:PLD - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 EPS for the quarter, beating the consensus estimate of $1.41 by $0.05. Prologis had a net margin of 40.29% and a return on equity of 5.96%. The company had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $2.03 billion. During the same quarter last year, the company posted $1.34 EPS. The firm's revenue was up 8.8% compared to the same quarter last year. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. On average, research analysts predict that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be given a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, September 16th. Prologis's dividend payout ratio (DPR) is currently 109.49%.

Analysts Set New Price Targets

Several research analysts have weighed in on PLD shares. Wall Street Zen lowered shares of Prologis from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Citigroup lowered their target price on shares of Prologis from $150.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Wells Fargo & Company set a $137.00 target price on Prologis and gave the company an "overweight" rating in a research report on Sunday, July 13th. UBS Group boosted their target price on Prologis from $106.00 to $120.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Finally, Scotiabank set a $114.00 target price on Prologis and gave the company a "sector perform" rating in a research report on Wednesday, August 27th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target 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.

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