Key facts: PLD mixed quarter; $2.3B leases; major holders; Barclays 8.3

EastGroup Properties (EGP) reported Q3 FFO of $2.45/share, up 7.9% YoY, and raised its dividend 12.9%. Prologis (PLD) noted strong warehouse demand due to e-commerce, manufacturing, and inventory needs. First Industrial (FR) saw a 52% rent increase but a 6.91% stock drop. Rexford Industrial (REXR) offers the highest yield at 4.8%, but faces falling rents in Southern California.

Cohen & Steers disclosed a 3.24% stake in Prologis, Inc. as of October 20, 2026, including purchases and sales of 153,114 shares at prices ranging from $124.09 to $127.47. The disclosure was made under Rule 8.3 of the Takeover Code.

Raymond James upgraded Prologis to Outperform with a $163 price target. The stock closed at $127.47, up 2.72% on the day but down 4.55% year-to-date. The upgrade is based on valuation, earnings revisions, and visibility metrics.

Raymond James upgraded Prologis (PLD) to Outperform with a $163 price target, citing a buying opportunity due to recent pullbacks and improving industrial fundamentals. The firm noted uncertainties around the SEGRO acquisition and midterm elections have negatively impacted the stock. Prologis reported Q3 2026 earnings and revenue above expectations, but some analysts remain cautious about future guidance.

Freedom Broker downgraded Prologis' price target to $142 from $165 but upgraded its rating to Buy from Hold. The broker cited the lower share price as the reason for the upgrade, while reducing its 2027 and 2028 estimates. Prologis reported Q3 revenue of $2.39 billion, up from $2.21 billion a year earlier, with Core FFO rising to $1.60 per diluted share from $1.49.

Freedom Broker upgraded Prologis (PLD) to buy, lowering its price target to $142. The industrial REIT reported Q3 2026 earnings and revenue above estimates, but shares fell. Management adjusted guidance, and analysts revised estimates. PLD trades near its 52-week low at $124.26, offering a 3.4% dividend yield.