Centersquare Investment Management LLC Trims Holdings in Prologis, Inc. $PLD

Centersquare Investment Management LLC lessened its position in Prologis, Inc. (NYSE:PLD) by 3.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,525,094 shares of the real estate investment trust’s stock after selling 267,116 shares during the period. Prologis makes up about 7.5% of Centersquare Investment Management LLC’s investment portfolio, making the stock its 2nd biggest holding. Centersquare Investment Management LLC owned about 0.70% of Prologis worth $747,254,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of PLD. Whittier Trust Co. of Nevada Inc. increased its position in shares of Prologis by 0.5% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 16,583 shares of the real estate investment trust’s stock valued at $1,941,000 after buying an additional 82 shares in the last quarter. Cornerstone Advisory LLC grew its stake in Prologis by 2.4% in the third quarter. Cornerstone Advisory LLC now owns 3,535 shares of the real estate investment trust’s stock valued at $405,000 after acquiring an additional 84 shares during the period. Clear Investment Research LLC grew its stake in Prologis by 34.5% in the third quarter. Clear Investment Research LLC now owns 343 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 88 shares during the period. Fidelis Capital Partners LLC increased its holdings in shares of Prologis by 1.0% in the third quarter. Fidelis Capital Partners LLC now owns 9,069 shares of the real estate investment trust’s stock worth $1,039,000 after acquiring an additional 89 shares in the last quarter. Finally, Ignite Planners LLC raised its position in shares of Prologis by 3.2% during the third quarter. Ignite Planners LLC now owns 2,937 shares of the real estate investment trust’s stock worth $336,000 after purchasing an additional 92 shares during the period. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Stock Performance

Shares of PLD stock opened at $140.13 on Thursday. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $142.40. The company’s fifty day simple moving average is $132.29 and its 200-day simple moving average is $123.80. The firm has a market cap of $130.26 billion, a PE ratio of 39.47, a P/E/G ratio of 3.47 and a beta of 1.42. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.61.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.44. Prologis had a net margin of 37.86% and a return on equity of 5.79%. The firm had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period in the previous year, the business earned $1.42 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Equities research analysts expect that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be paid a $1.07 dividend. This is a positive change from Prologis’s previous quarterly dividend of $1.01. This represents a $4.28 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Tuesday, March 17th. Prologis’s dividend payout ratio is 113.80%.

Insider Buying and Selling at Prologis

In other news, Director Cristina Gabriela Bita sold 621 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $127.60, for a total transaction of $79,239.60. Following the sale, the director owned 8,208 shares in the company, valued at $1,047,340.80. This represents a 7.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.57% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PLD shares. Citigroup reiterated a “buy” rating on shares of Prologis in a report on Monday, January 26th. Argus lifted their price target on shares of Prologis from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Robert W. Baird reissued a “neutral” rating and set a $130.00 price objective (up from $128.00) on shares of Prologis in a research report on Thursday, January 8th. BTIG Research raised their price objective on shares of Prologis from $134.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, December 31st. Finally, Mizuho boosted their price objective on shares of Prologis from $138.00 to $143.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Fourteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Prologis currently has a consensus rating of “Moderate Buy” and an average price target of $136.95.

Prologis Company Profile

Prologis, Inc is a real estate investment trust (REIT) specializing in logistics and distribution facilities. The company focuses on acquiring, developing, and managing high-quality industrial real estate assets that support supply chain infrastructure for third-party logistics providers, e-commerce businesses, retailers and manufacturers. Its portfolio primarily consists of warehouse and distribution centers designed to optimize goods movement and storage near key transportation hubs.

With a global presence, Prologis serves customers across the Americas, Europe and Asia Pacific.