Invesco Ltd. Has $1.12 Billion Holdings in Prologis, Inc. $PLD

Invesco Ltd. trimmed its holdings in Prologis, Inc. (NYSE:PLD) by 5.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,618,595 shares of the real estate investment trust’s stock after selling 594,197 shares during the period. Invesco Ltd. owned 1.14% of Prologis worth $1,116,227,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Stratos Wealth Partners LTD. lifted its holdings in Prologis by 0.7% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 13,678 shares of the real estate investment trust’s stock valued at $1,438,000 after purchasing an additional 93 shares during the last quarter. Michael S. Ryan Inc. increased its holdings in shares of Prologis by 2.9% in the second quarter. Michael S. Ryan Inc. now owns 3,311 shares of the real estate investment trust’s stock valued at $348,000 after purchasing an additional 94 shares during the last quarter. LaSalle St. Investment Advisors LLC raised its position in shares of Prologis by 3.7% in the first quarter. LaSalle St. Investment Advisors LLC now owns 2,688 shares of the real estate investment trust’s stock valued at $300,000 after purchasing an additional 96 shares during the period. Van Hulzen Asset Management LLC lifted its stake in shares of Prologis by 5.6% during the 1st quarter. Van Hulzen Asset Management LLC now owns 1,799 shares of the real estate investment trust’s stock worth $201,000 after buying an additional 96 shares during the last quarter. Finally, Palogic Value Management L.P. lifted its stake in shares of Prologis by 4.7% during the 2nd quarter. Palogic Value Management L.P. now owns 2,130 shares of the real estate investment trust’s stock worth $224,000 after buying an additional 96 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors.

Prologis Price Performance

Prologis stock opened at $128.83 on Wednesday. The stock’s fifty day moving average price is $122.14 and its two-hundred day moving average price is $113.48. Prologis, Inc. has a one year low of $85.35 and a one year high of $129.87. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.64 and a quick ratio of 0.65. The firm has a market cap of $119.66 billion, a PE ratio of 37.56, a price-to-earnings-growth ratio of 3.13 and a beta of 1.29.

Prologis (NYSE:PLD) last released its earnings results on Wednesday, October 15th. The real estate investment trust reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.05. Prologis had a return on equity of 5.55% and a net margin of 36.71%.The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the prior year, the company posted $1.43 EPS. The company’s revenue was up 8.6% compared to the same quarter last year. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. As a group, research analysts expect that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Insider Transactions at Prologis

In related news, Director Cristina Gabriela Bita sold 621 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $127.60, for a total transaction of $79,239.60. Following the sale, the director owned 8,208 shares in the company, valued at approximately $1,047,340.80. This trade represents a 7.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 1,621 shares of company stock worth $198,655 in the last 90 days. Corporate insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

PLD has been the topic of a number of research reports. UBS Group set a $133.00 price target on shares of Prologis in a research note on Monday, November 10th. Truist Financial reaffirmed a “buy” rating and issued a $131.00 target price (up previously from $120.00) on shares of Prologis in a research report on Monday, October 20th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Prologis in a research note on Monday. Scotiabank lifted their price target on Prologis from $127.00 to $133.00 and gave the stock a “sector perform” rating in a report on Monday, November 10th. Finally, Mizuho set a $118.00 price objective on Prologis and gave the company an “outperform” rating in a report on Tuesday, August 19th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Prologis has a consensus rating of “Moderate Buy” and a consensus target price of $125.39.

About Prologis

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.