Centiva Capital LP Has $3.32 Million Holdings in Prologis, Inc. (NYSE:PLD)

Centiva Capital LP boosted its holdings in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 54.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,452 shares of the real estate investment trust's stock after buying an additional 11,062 shares during the quarter. Centiva Capital LP's holdings in Prologis were worth $3,324,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PLD. Phoenix Financial Ltd. grew its stake in Prologis by 1.0% during the fourth quarter. Phoenix Financial Ltd. now owns 9,032 shares of the real estate investment trust's stock worth $955,000 after purchasing an additional 86 shares during the period. Principle Wealth Partners LLC lifted its holdings in shares of Prologis by 2.9% during the 4th quarter. Principle Wealth Partners LLC now owns 3,302 shares of the real estate investment trust's stock worth $349,000 after acquiring an additional 92 shares during the last quarter. Black Diamond Financial LLC boosted its holdings in Prologis by 2.2% during the 4th quarter. Black Diamond Financial LLC now owns 4,246 shares of the real estate investment trust's stock valued at $449,000 after acquiring an additional 93 shares during the period. Berkshire Bank lifted its stake in Prologis by 2.3% in the fourth quarter. Berkshire Bank now owns 4,195 shares of the real estate investment trust's stock worth $443,000 after acquiring an additional 95 shares during the period. Finally, CreativeOne Wealth LLC increased its stake in shares of Prologis by 1.7% in the 4th quarter. CreativeOne Wealth LLC now owns 6,073 shares of the real estate investment trust's stock worth $642,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 93.50% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. CJS Securities decreased their price objective on shares of Prologis from $140.00 to $117.00 in a report on Friday, April 11th. UBS Group lifted their price target on shares of Prologis from $121.00 to $137.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. Evercore ISI dropped their target price on Prologis from $111.00 to $106.00 and set an "in-line" rating on the stock in a research report on Thursday, April 17th. BMO Capital Markets cut their price target on Prologis from $105.00 to $95.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Finally, Raymond James reaffirmed a "market perform" rating on shares of Prologis in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $121.89.

Insider Buying and Selling at Prologis

In other news, CIO Joseph Ghazal sold 10,997 shares of Prologis stock in a transaction that occurred on 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 owns 7,977 shares of the company's stock, valued at approximately $947,188.98. This trade represents a 57.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.57% of the company's stock.

Prologis Stock Up 0.1 %

Shares of NYSE PLD opened at $105.50 on Tuesday. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $132.57. The business's 50 day moving average is $107.35 and its two-hundred day moving average is $111.70. The company has a quick ratio of 0.43, a current ratio of 0.75 and a debt-to-equity ratio of 0.53. The firm has a market cap of $97.90 billion, a price-to-earnings ratio of 26.38, a PEG ratio of 2.70 and a beta of 1.25.

Prologis (NYSE:PLD - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.04. The company had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $1.99 billion. Prologis had a net margin of 45.50% and a return on equity of 6.44%. Research analysts predict that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th were issued a dividend of $1.01 per share. The ex-dividend date was Tuesday, March 18th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.83%. This is a positive change from Prologis's previous quarterly dividend of $0.96. Prologis's payout ratio is currently 101.00%.

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.

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