Franklin Resources Inc. Sells 731,891 Shares of Prologis, Inc. $PLD

Key Points

• Franklin Resources sold 731,891 shares of Prologis in Q3, trimming its stake by 7.3% to 9,318,952 shares—about 1.0% of the company—worth roughly $1.07 billion.
• Prologis reported Q results with EPS of $1.44 (in line) and revenue of $2.25 billion (a beat), set FY2026 EPS guidance of 6.00–6.20, and raised its quarterly dividend to $1.07 (annualized $4.28, yield 3.1%).
• Analysts are largely positive, with a consensus "Moderate Buy" and $137.20 price target; several firms recently raised ratings or targets, including Scotiabank's upgrade to "sector outperform."

Franklin Resources Inc. decreased its holdings in Prologis, Inc. (NYSE:PLD - Free Report) by 7.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,318,952 shares of the real estate investment trust's stock after selling 731,891 shares during the quarter. Franklin Resources Inc. owned approximately 1.00% of Prologis worth $1,067,206,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of PLD. Norges Bank bought a new stake in shares of Prologis in the 2nd quarter valued at $1,288,936,000. State Street Corp increased its position in shares of Prologis by 1.9% during the second quarter. State Street Corp now owns 58,640,842 shares of the real estate investment trust's stock worth $6,164,325,000 after buying an additional 1,088,544 shares during the period. Federated Hermes Inc. raised its stake in Prologis by 30.3% during the third quarter. Federated Hermes Inc. now owns 4,256,236 shares of the real estate investment trust's stock worth $487,424,000 after buying an additional 988,986 shares during the last quarter. Mondrian Investment Partners LTD bought a new position in Prologis during the third quarter worth $112,141,000. Finally, Capital International Investors lifted its holdings in Prologis by 15.0% in the third quarter. Capital International Investors now owns 7,247,383 shares of the real estate investment trust's stock valued at $829,970,000 after buying an additional 946,847 shares during the period. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Scotiabank upgraded Prologis from a "sector perform" rating to a "sector outperform" rating and increased their price target for the stock from $133.00 to $146.00 in a report on Wednesday, January 14th. Evercore upped their target price on Prologis from $118.00 to $121.00 and gave the company an "in-line" rating in a research report on Thursday, January 22nd. Argus raised their target price on Prologis from $128.00 to $135.00 and gave the stock a "buy" rating in a research note on Thursday, January 22nd. Mizuho lifted their target price on Prologis from $138.00 to $143.00 and gave the stock an "outperform" rating in a report on Monday, January 26th. Finally, Wall Street Zen lowered Prologis from a "hold" rating to a "sell" rating in a research note on Saturday, February 7th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Prologis has a consensus rating of "Moderate Buy" and a consensus price target of $137.20.

Prologis Trading Up 0.8%

PLD opened at $136.18 on Wednesday. The company has a fifty day moving average price of $134.23 and a two-hundred day moving average price of $125.92. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $143.95. The company has a market cap of $126.59 billion, a P/E ratio of 38.36, a price-to-earnings-growth ratio of 3.34 and a beta of 1.41. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.61.

Prologis (NYSE:PLD - Get Free Report) last released its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.44. The company had revenue of $2.25 billion for the quarter, compared to analysts' expectations of $2.09 billion. Prologis had a net margin of 37.86% and a return on equity of 5.79%. The business's revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.42 EPS. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Analysts predict that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Increases Dividend

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

About Prologis

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.

Want to see what other hedge funds are holding PLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Prologis, Inc. (NYSE:PLD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.