1,154,926 Shares in Prologis, Inc. $PLD Purchased by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Prologis, Inc. (NYSE:PLD - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,154,926 shares of the real estate investment trust's stock, valued at approximately $156,458,000. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.12% of Prologis as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC boosted its position in Prologis by 629.0% in the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust's stock valued at $1,847,000 after buying an additional 15,078 shares during the last quarter. Schnieders Capital Management LLC. raised its position in shares of Prologis by 45.4% during the second quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust's stock worth $1,128,000 after acquiring an additional 3,350 shares during the last quarter. Walleye Capital LLC acquired a new position in shares of Prologis during the second quarter valued at $422,000. NewEdge Advisors LLC lifted its stake in shares of Prologis by 6.8% during the second quarter. NewEdge Advisors LLC now owns 63,829 shares of the real estate investment trust's stock valued at $6,710,000 after acquiring an additional 4,074 shares during the period. Finally, Treasurer of the State of North Carolina boosted its holdings in Prologis by 2.4% in the second quarter. Treasurer of the State of North Carolina now owns 433,312 shares of the real estate investment trust's stock valued at $45,550,000 after acquiring an additional 10,266 shares during the last quarter. Institutional investors own 93.50% of the company's stock.

Insider Buying and Selling

In other Prologis 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 legal filing with the SEC, which is available through this link. Company insiders own 0.52% of the company's stock.

Prologis Stock Down 0.0%

NYSE:PLD opened at $141.77 on Monday. The firm has a market capitalization of $132.28 billion, a price-to-earnings ratio of 31.57 and a beta of 1.31. Prologis, Inc. has a twelve month low of $109.14 and a twelve month high of $153.35. The stock's 50 day moving average price is $142.53 and its two-hundred day moving average price is $140.36. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.63.

Prologis (NYSE:PLD - Get Free Report) last released its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.38. The firm had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The business's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Equities research analysts expect that Prologis, Inc. will post 6.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on PLD shares. Robert W. Baird set a $140.00 price objective on Prologis in a research report on Friday, July 31st. Wells Fargo & Company upped their target price on shares of Prologis from $155.00 to $167.00 and gave the company an "overweight" rating in a research report on Monday, June 1st. BTIG Research raised their target price on shares of Prologis from $160.00 to $170.00 and gave the company a "buy" rating in a research note on Wednesday, July 1st. Scotiabank boosted their price target on shares of Prologis from $146.00 to $150.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 23rd. Finally, Truist Financial increased their target price on Prologis from $154.00 to $162.00 and gave the company a "buy" rating in a research note on Tuesday, July 21st. Sixteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $154.57.

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.

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