Barrow Hanley Mewhinney & Strauss LLC Has $399.53 Million Stake in Prologis, Inc. (NYSE:PLD)

Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 83.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 quarter. Prologis makes up about 1.4% of Barrow Hanley Mewhinney & Strauss LLC's holdings, making the stock its 28th biggest position. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.41% of Prologis worth $399,528,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of PLD. Murphy & Mullick Capital Management Corp bought a new stake in Prologis during the fourth quarter worth approximately $26,000. Crowley Wealth Management Inc. acquired a new stake in shares of Prologis in the fourth quarter worth $27,000. Centricity Wealth Management LLC acquired a new stake in shares of Prologis in the fourth quarter worth $30,000. Whipplewood Advisors LLC bought a new stake in shares of Prologis during the 4th quarter worth $34,000. Finally, Promus Capital LLC bought a new stake in shares of Prologis during the 4th quarter worth $34,000. Institutional investors own 93.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PLD. BMO Capital Markets cut their target price on shares of Prologis from $105.00 to $95.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Royal Bank of Canada cut their price objective on Prologis from $128.00 to $117.00 and set a "sector perform" rating for the company in a research report on Tuesday, April 29th. Wells Fargo & Company lowered their target price on Prologis from $146.00 to $119.00 and set an "overweight" rating on the stock in a report on Monday, May 19th. Wall Street Zen downgraded Prologis from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Finally, Evercore ISI cut their price target on Prologis from $111.00 to $106.00 and set an "in-line" rating for the company in a report on Thursday, April 17th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $120.42.

Prologis Price Performance

NYSE PLD traded up $1.05 on Wednesday, reaching $107.67. The company's stock had a trading volume of 1,297,487 shares, compared to its average volume of 4,180,139. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $132.57. The company has a current ratio of 0.75, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53. The firm has a market cap of $99.91 billion, a PE ratio of 26.91, a price-to-earnings-growth ratio of 2.70 and a beta of 1.25. The business has a 50-day moving average price of $103.98 and a 200 day moving average price of $110.71.

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

Prologis Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be given a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend is Tuesday, June 17th. 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.