Nicholson Wealth Management Group LLC Purchases 8,051 Shares of Prologis, Inc. (NYSE:PLD)

Nicholson Wealth Management Group LLC grew its position in shares of Prologis, Inc. (NYSE:PLD) by 174.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,671 shares of the real estate investment trust’s stock after buying an additional 8,051 shares during the period. Nicholson Wealth Management Group LLC’s holdings in Prologis were worth $1,339,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in PLD. Dunhill Financial LLC increased its position in 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 buying an additional 182 shares during the period. Hara Capital LLC bought a new position in shares of Prologis in the third quarter worth $48,000. Coastline Trust Co bought a new position in shares of Prologis in the third quarter worth $52,000. Asset Planning Inc bought a new position in shares of Prologis in the fourth quarter worth $53,000. Finally, Fortitude Family Office LLC increased its position in shares of Prologis by 120.6% in the third quarter. Fortitude Family Office LLC now owns 439 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 240 shares during the period. Institutional investors own 93.50% of the company’s stock.

Prologis Stock Performance

Shares of PLD stock opened at $120.90 on Friday. The business’s 50-day moving average price is $112.36 and its 200-day moving average price is $118.01. Prologis, Inc. has a 12 month low of $100.82 and a 12 month high of $135.76. The firm has a market capitalization of $112.05 billion, a price-to-earnings ratio of 30.22, a PEG ratio of 2.71 and a beta of 1.10. The company has a current ratio of 0.23, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53.

Prologis Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be paid a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.34%. This is a positive change from Prologis’s previous quarterly dividend of $0.96. Prologis’s dividend payout ratio (DPR) is presently 96.00%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PLD. UBS Group raised their price target on Prologis from $121.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Baird R W upgraded Prologis from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Royal Bank of Canada raised their price target on Prologis from $125.00 to $128.00 and gave the stock a “sector perform” rating in a research report on Monday, January 27th. Raymond James restated a “market perform” rating on shares of Prologis in a research report on Monday, February 3rd. Finally, Barclays lifted their target price on Prologis from $131.00 to $132.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $128.78.

Insider Activity

In other news, CIO Joseph Ghazal sold 10,997 shares of Prologis 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 sale, the executive now directly owns 7,977 shares of the company’s stock, valued at approximately $947,188.98. This trade represents a 57.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.50% of the company’s stock.

Prologis Company Profile

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.