Invesco Ltd. Decreases Stake in Prologis, Inc. $PLD

Key Points

• Invesco Ltd. reduced its stake in Prologis by 5.1% in Q3, selling 539,429 shares and finishing the quarter with 10,079,166 shares (about 1.09%) valued at $1.154 billion.
• Prologis raised its quarterly dividend to $1.07 (annual $4.28) for a yield of 3.2% with an ex-dividend date of March 17, while its payout ratio stands at a high 113.8%.
• Prologis reported Q results with EPS of $1.44 (in line) and revenue of $2.25 billion (up 7.8%), issued FY2026 guidance of $6.00–$6.20 EPS, and the stock holds an average analyst rating of Moderate Buy with a $137.20 price target.

Invesco Ltd. reduced its stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 5.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,079,166 shares of the real estate investment trust's stock after selling 539,429 shares during the period. Invesco Ltd. owned approximately 1.09% of Prologis worth $1,154,266,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Prologis by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 122,064,883 shares of the real estate investment trust's stock valued at $13,978,870,000 after acquiring an additional 323,551 shares during the period. State Street Corp raised its stake in Prologis by 1.9% in the 2nd quarter. State Street Corp now owns 58,640,842 shares of the real estate investment trust's stock worth $6,164,325,000 after acquiring an additional 1,088,544 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Prologis by 1.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,506,899 shares of the real estate investment trust's stock worth $1,735,205,000 after acquiring an additional 253,338 shares during the period. Norges Bank purchased a new stake in Prologis during the 2nd quarter valued at about $1,288,936,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Prologis by 3.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 10,875,240 shares of the real estate investment trust's stock valued at $1,143,205,000 after purchasing an additional 379,308 shares during the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Citigroup began coverage on Prologis in a report on Thursday, March 5th. They issued a "buy" rating and a $145.00 price objective on the stock. Robert W. Baird reiterated a "neutral" rating and issued a $130.00 target price (up from $128.00) on shares of Prologis in a research report on Thursday, January 8th. BTIG Research upped their target price on Prologis from $134.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, December 31st. Freedom Capital downgraded shares of Prologis from a "strong-buy" rating to a "hold" rating in a report on Friday, January 23rd. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Prologis in a research report on Monday, December 29th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $137.20.

Prologis Stock Down 1.9%

Prologis stock opened at $131.78 on Friday. The business's 50-day moving average price is $134.45 and its 200 day moving average price is $126.02. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.61. The firm has a market cap of $122.50 billion, a price-to-earnings ratio of 37.12, a price-to-earnings-growth ratio of 3.18 and a beta of 1.41. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $143.95.

Prologis (NYSE:PLD - Get Free Report) last announced its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.44. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The company had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the previous year, the company posted $1.42 earnings per share. Prologis's revenue for the quarter was up 7.8% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, sell-side analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be issued a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 3.2%. This is a boost from Prologis's previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Tuesday, March 17th. Prologis's payout ratio is currently 113.80%.

Prologis 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.

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