Nisa Investment Advisors LLC Has $77.09 Million Stock Holdings in Prologis, Inc. (NYSE:PLD)

Nisa Investment Advisors LLC reduced its position in Prologis, Inc. (NYSE:PLD - Free Report) by 6.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 578,311 shares of the real estate investment trust's stock after selling 39,660 shares during the quarter. Prologis comprises approximately 0.5% of Nisa Investment Advisors LLC's portfolio, making the stock its 29th biggest position. Nisa Investment Advisors LLC owned approximately 0.06% of Prologis worth $77,089,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Thompson Investment Management Inc. acquired a new stake in shares of Prologis in the fourth quarter valued at approximately $28,000. VitalStone Financial LLC purchased a new stake in shares of Prologis during the second quarter worth approximately $27,000. DHJJ Financial Advisors Ltd. purchased a new stake in shares of Prologis during the third quarter worth approximately $29,000. FinTrust Capital Advisors LLC raised its stake in shares of Prologis by 966.7% during the third quarter. FinTrust Capital Advisors LLC now owns 256 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 232 shares during the last quarter. Finally, Salem Investment Counselors Inc. purchased a new stake in shares of Prologis during the fourth quarter worth approximately $37,000. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Price Performance

Shares of PLD traded up $0.05 during trading hours on Friday, reaching $124.74. 5,099,548 shares of the company traded hands, compared to its average volume of 2,930,304. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $115.39 billion, a PE ratio of 37.91, a price-to-earnings-growth ratio of 2.49 and a beta of 1.00. Prologis, Inc. has a fifty-two week low of $96.64 and a fifty-two week high of $137.52. The stock has a fifty day simple moving average of $130.55 and a 200 day simple moving average of $121.92.

Prologis (NYSE:PLD - Get Free Report) last posted its quarterly earnings data on Wednesday, January 17th. The real estate investment trust reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $1.26 by ($0.58). The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.85 billion. Prologis had a net margin of 38.13% and a return on equity of 5.29%. The firm's revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.24 EPS. As a group, research analysts predict that Prologis, Inc. will post 5.5 EPS for the current fiscal year.

Prologis Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 18th were paid a dividend of $0.96 per share. The ex-dividend date of this dividend was Friday, March 15th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.08%. This is a positive change from Prologis's previous quarterly dividend of $0.87. Prologis's dividend payout ratio (DPR) is presently 116.72%.

Wall Street Analysts Forecast Growth

PLD has been the subject of several analyst reports. Evercore ISI restated an "in-line" rating and set a $136.00 price target on shares of Prologis in a research note on Monday, March 18th. Mizuho restated a "neutral" rating and set a $130.00 price target on shares of Prologis in a research note on Tuesday, April 2nd. TheStreet upgraded Prologis from a "c+" rating to a "b-" rating in a research report on Friday, January 26th. Robert W. Baird increased their price objective on Prologis from $133.00 to $137.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 23rd. Finally, Royal Bank of Canada increased their price objective on Prologis from $128.00 to $145.00 and gave the stock an "outperform" rating in a research report on Friday, February 16th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $141.67.

About Prologis

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At December 31, 2023, 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.