Prologis, Inc. (NYSE:PLD) Shares Bought by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 83.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,779,830 shares of the real estate investment trust's stock after purchasing an additional 1,723,129 shares during the period. Prologis accounts for about 1.4% of Barrow Hanley Mewhinney & Strauss LLC's holdings, making the stock its 28th biggest position. Barrow Hanley Mewhinney & Strauss LLC owned about 0.41% of Prologis worth $399,528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of the stock. Murphy & Mullick Capital Management Corp acquired a new position in Prologis in the 4th quarter valued at $26,000. Crowley Wealth Management Inc. acquired a new position in Prologis in the 4th quarter valued at $27,000. Centricity Wealth Management LLC acquired a new position in Prologis in the 4th quarter valued at $30,000. Whipplewood Advisors LLC acquired a new position in Prologis in the 4th quarter valued at $34,000. Finally, Promus Capital LLC acquired a new position in Prologis in the 4th quarter valued at $34,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Wolfe Research downgraded Prologis from an "outperform" rating to a "peer perform" rating in a report on Monday, April 21st. Mizuho cut their price target on Prologis from $117.00 to $105.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Barclays cut their price target on Prologis from $132.00 to $119.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Truist Financial dropped their price objective on Prologis from $123.00 to $120.00 and set a "buy" rating for the company in a report on Monday, May 5th. Finally, BMO Capital Markets dropped their price objective on Prologis from $105.00 to $95.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $120.42.

Prologis Stock Up 2.5%

Shares of PLD stock traded up $2.59 during trading hours on Tuesday, hitting $106.63. 4,066,026 shares of the company were exchanged, compared to its average volume of 4,191,406. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.75. Prologis, Inc. has a one year low of $85.35 and a one year high of $132.57. The business's 50-day simple moving average is $104.09 and its two-hundred day simple moving average is $110.74. The stock has a market capitalization of $98.94 billion, a price-to-earnings ratio of 26.66, a P/E/G ratio of 2.70 and a beta of 1.25.

Prologis (NYSE:PLD - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 EPS for the quarter, topping the consensus estimate of $1.38 by $0.04. Prologis had a net margin of 45.50% and a return on equity of 6.44%. The business had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $1.99 billion. Sell-side analysts predict that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be paid a dividend of $1.01 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $4.04 annualized dividend and a yield of 3.79%. Prologis's dividend payout ratio (DPR) is 101.00%.

Prologis Company Profile

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.