Prologis, Inc. (NYSE:PLD) Shares Bought by Nicola Wealth Management LTD.

Nicola Wealth Management LTD. increased its holdings in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 10.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 171,366 shares of the real estate investment trust's stock after buying an additional 15,914 shares during the quarter. Prologis accounts for approximately 2.8% of Nicola Wealth Management LTD.'s holdings, making the stock its 4th largest holding. Nicola Wealth Management LTD.'s holdings in Prologis were worth $24,235,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Thompson Investment Management Inc. acquired a new position in shares of Prologis during the fourth quarter worth about $28,000. JFS Wealth Advisors LLC grew its stake in shares of Prologis by 254.5% during the 4th quarter. JFS Wealth Advisors LLC now owns 234 shares of the real estate investment trust's stock worth $31,000 after acquiring an additional 168 shares in the last quarter. Salem Investment Counselors Inc. acquired a new stake in shares of Prologis in the fourth quarter valued at approximately $37,000. FNY Investment Advisers LLC bought a new stake in shares of Prologis in the fourth quarter worth $39,000. Finally, Bogart Wealth LLC boosted its holdings in Prologis by 170.9% during the fourth quarter. Bogart Wealth LLC now owns 317 shares of the real estate investment trust's stock worth $42,000 after purchasing an additional 200 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on PLD. JPMorgan Chase & Co. cut their price target on shares of Prologis from $143.00 to $128.00 and set an "overweight" rating on the stock in a research report on Thursday, April 25th. Robert W. Baird decreased their price target on Prologis from $137.00 to $117.00 and set a "neutral" rating for the company in a research note on Wednesday, May 1st. The Goldman Sachs Group cut their price objective on Prologis from $163.00 to $140.00 and set a "buy" rating for the company in a report on Monday, April 22nd. Royal Bank of Canada decreased their target price on shares of Prologis from $145.00 to $124.00 and set an "outperform" rating for the company in a research note on Monday, May 6th. Finally, Raymond James increased their price target on shares of Prologis from $130.00 to $145.00 and gave the company a "strong-buy" rating in a research note on Wednesday, January 24th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Prologis presently has a consensus rating of "Moderate Buy" and a consensus price target of $130.35.

Prologis Price Performance

NYSE:PLD traded up $0.71 during trading hours on Friday, hitting $111.50. The company's stock had a trading volume of 3,260,632 shares, compared to its average volume of 3,567,614. Prologis, Inc. has a twelve month low of $96.64 and a twelve month high of $137.52. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a fifty day simple moving average of $117.08 and a 200-day simple moving average of $122.10. The company has a market capitalization of $103.23 billion, a P/E ratio of 32.60, a PEG ratio of 2.29 and a beta of 1.05.

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 17th will be paid a $0.96 dividend. The ex-dividend date is Monday, June 17th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.44%. Prologis's payout ratio is currently 112.28%.

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.

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