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

Franklin Resources Inc. decreased its holdings in Prologis, Inc. (NYSE:PLD) 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) 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.