Prologis, Inc. $PLD is Centersquare Investment Management LLC’s 2nd Largest Position

Centersquare Investment Management LLC increased its holdings in shares of Prologis, Inc. (NYSE:PLD) by 1.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,599,019 shares of the real estate investment trust’s stock after purchasing an additional 73,925 shares during the quarter. Prologis makes up approximately 8.3% of Centersquare Investment Management LLC’s portfolio, making the stock its 2nd biggest position. Centersquare Investment Management LLC’s holdings in Prologis were worth $842,431,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in PLD. Brighton Jones LLC lifted its stake in Prologis by 629.0% during the fourth quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock worth $1,847,000 after purchasing an additional 15,078 shares during the last quarter. Schnieders Capital Management LLC. lifted its stake in Prologis by 45.4% during the second quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock worth $1,128,000 after purchasing an additional 3,350 shares during the last quarter. Walleye Capital LLC purchased a new stake in Prologis during the second quarter worth approximately $422,000. NewEdge Advisors LLC increased its position in Prologis by 6.8% during the second quarter. NewEdge Advisors LLC now owns 63,829 shares of the real estate investment trust’s stock worth $6,710,000 after buying an additional 4,074 shares during the period. Finally, Treasurer of the State of North Carolina increased its position in Prologis by 2.4% during the second quarter. Treasurer of the State of North Carolina now owns 433,312 shares of the real estate investment trust’s stock worth $45,550,000 after buying an additional 10,266 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on PLD shares. Citigroup lifted their price target on Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Argus lifted their price target on Prologis from $135.00 to $152.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Truist Financial lifted their price target on Prologis from $139.00 to $154.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Morgan Stanley lifted their price target on Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. Finally, Evercore set a $135.00 price target on Prologis in a research report on Friday, April 17th. Sixteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Prologis presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.86.

Prologis Trading Up 1.2%

Shares of PLD stock opened at $147.49 on Friday. The business’s 50 day moving average is $141.69 and its two-hundred day moving average is $135.42. Prologis, Inc. has a twelve month low of $103.41 and a twelve month high of $148.46. The company has a market capitalization of $137.51 billion, a P/E ratio of 37.15, a price-to-earnings-growth ratio of 3.21 and a beta of 1.32. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60.

Prologis (NYSE:PLD) last announced its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.24. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same period last year, the business posted $1.43 EPS. The company’s revenue was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Equities analysts forecast that Prologis, Inc. will post 6.18 EPS for the current year.

Prologis Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Tuesday, June 16th. Prologis’s dividend payout ratio (DPR) is 107.81%.

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.