Invesco Ltd. Has $1.28 Billion Holdings in Prologis, Inc. $PLD

Invesco Ltd. lessened its stake in shares of Prologis, Inc. (NYSE:PLD) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,012,450 shares of the real estate investment trust’s stock after selling 66,716 shares during the quarter. Invesco Ltd.’s holdings in Prologis were worth $1,278,189,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in PLD. Vanguard Group Inc. grew its holdings in Prologis by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock valued at $15,743,451,000 after purchasing an additional 1,258,407 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Prologis by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 23,012,940 shares of the real estate investment trust’s stock worth $2,925,791,000 after buying an additional 339,906 shares during the last quarter. Capital Research Global Investors lifted its stake in shares of Prologis by 4.4% in the fourth quarter. Capital Research Global Investors now owns 16,061,390 shares of the real estate investment trust’s stock worth $2,050,397,000 after buying an additional 678,363 shares during the last quarter. Norges Bank bought a new stake in shares of Prologis during the 4th quarter worth $1,589,125,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Prologis by 4.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,639,644 shares of the real estate investment trust’s stock worth $1,485,917,000 after buying an additional 516,765 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insider Transactions at Prologis

In related news, CFO Timothy D. Arndt sold 3,597 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $150.00, for a total value of $539,550.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.52% of the stock is owned by company insiders.

Prologis Stock Down 0.2%

PLD opened at $140.63 on Friday. The company has a market capitalization of $131.11 billion, a P/E ratio of 35.42, a P/E/G ratio of 3.10 and a beta of 1.32. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51. The firm’s fifty day moving average price is $142.84 and its two-hundred day moving average price is $136.02. Prologis, Inc. has a fifty-two week low of $103.41 and a fifty-two week high of $150.18.

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

Prologis Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a $1.07 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a yield of 3.0%. Prologis’s payout ratio is presently 107.81%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on PLD shares. BTIG Research reiterated a “buy” rating and issued a $155.00 price objective on shares of Prologis in a research note on Wednesday, April 15th. Weiss Ratings upgraded Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Jefferies Financial Group lowered their target price on Prologis from $157.00 to $155.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. BNP Paribas Exane lifted their price target on Prologis from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Finally, Argus upped their price target on Prologis from $135.00 to $152.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Fifteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Prologis has an average rating of “Moderate Buy” and a consensus target price of $151.48.

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.