Nicolet Advisory Services LLC Purchases 466 Shares of Prologis, Inc. (NYSE:PLD)

Nicolet Advisory Services LLC lifted its holdings in Prologis, Inc. (NYSE:PLD) by 14.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,726 shares of the real estate investment trust’s stock after purchasing an additional 466 shares during the period. Nicolet Advisory Services LLC’s holdings in Prologis were worth $470,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in PLD. Optimum Investment Advisors acquired a new stake in Prologis in the 1st quarter valued at approximately $26,000. True Wealth Design LLC bought a new position in shares of Prologis during the 4th quarter worth about $27,000. Thompson Investment Management Inc. acquired a new position in shares of Prologis during the fourth quarter valued at about $28,000. JFS Wealth Advisors LLC grew its position in Prologis by 254.5% during the fourth quarter. JFS Wealth Advisors LLC now owns 234 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 168 shares in the last quarter. Finally, Clear Investment Research LLC increased its stake in Prologis by 188.1% during the fourth quarter. Clear Investment Research LLC now owns 242 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 158 shares during the period. 93.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on PLD. Royal Bank of Canada reduced their price objective on shares of Prologis from $145.00 to $124.00 and set an “outperform” rating for the company in a report on Monday, May 6th. JPMorgan Chase & Co. cut their target price on Prologis from $143.00 to $128.00 and set an “overweight” rating for the company in a research report on Thursday, April 25th. StockNews.com upgraded Prologis from a “sell” rating to a “hold” rating in a research report on Thursday. Scotiabank cut their price objective on Prologis from $149.00 to $130.00 and set a “sector outperform” rating for the company in a report on Thursday, May 16th. Finally, Barclays reduced their price target on shares of Prologis from $135.00 to $123.00 and set an “overweight” rating on the stock in a research report on Monday, April 29th. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Prologis presently has an average rating of “Moderate Buy” and an average target price of $127.60.

Prologis Trading Up 0.9 %

PLD traded up $1.13 during midday trading on Friday, reaching $123.75. 3,485,201 shares of the company were exchanged, compared to its average volume of 3,529,909. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.29 and a current ratio of 0.10. The stock has a market capitalization of $114.57 billion, a P/E ratio of 36.18, a PEG ratio of 2.93 and a beta of 1.06. Prologis, Inc. has a one year low of $96.64 and a one year high of $137.52. The stock’s 50-day simple moving average is $111.97 and its 200 day simple moving average is $120.20.

Prologis (NYSE:PLD) last released its quarterly earnings data on Wednesday, July 17th. The real estate investment trust reported $0.92 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.41). The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.86 billion. Prologis had a net margin of 36.37% and a return on equity of 4.88%. Prologis’s revenue for the quarter was down 18.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.83 earnings per share. As a group, analysts forecast that Prologis, Inc. will post 5.42 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 17th were issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend was Monday, June 17th. Prologis’s dividend payout ratio is presently 112.28%.

Prologis 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.