Dimensional Fund Advisors LP Has $1.39 Billion Stake in Prologis, Inc. (NYSE:PLD)

Dimensional Fund Advisors LP increased its position in Prologis, Inc. (NYSE:PLD - Free Report) by 0.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,123,208 shares of the real estate investment trust's stock after purchasing an additional 24,520 shares during the quarter. Prologis accounts for 0.3% of Dimensional Fund Advisors LP's portfolio, making the stock its 29th largest position. Dimensional Fund Advisors LP owned 1.42% of Prologis worth $1,387,115,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PLD. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Prologis during the fourth quarter worth about $26,000. Crowley Wealth Management Inc. purchased a new position in shares of Prologis during the 4th quarter valued at approximately $27,000. Centricity Wealth Management LLC acquired a new stake in Prologis in the fourth quarter valued at $30,000. Whipplewood Advisors LLC bought a new position in Prologis during the 4th quarter valued at $34,000. Finally, Promus Capital LLC acquired a new position in Prologis during the 4th quarter worth $34,000. Hedge funds and other institutional investors own 93.50% of the company's stock.

Prologis Price Performance

Shares of NYSE PLD traded up $1.59 during trading on Thursday, hitting $103.07. The company had a trading volume of 2,004,478 shares, compared to its average volume of 4,144,816. The company has a market cap of $95.54 billion, a P/E ratio of 25.76, a PEG ratio of 2.70 and a beta of 1.20. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.75. The business's 50-day moving average is $110.21 and its 200 day moving average is $112.79. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $132.57.

Prologis (NYSE:PLD - Get Free Report) last released its quarterly earnings results 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 business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. Equities research analysts predict that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th were given a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 3.92%. The ex-dividend date was Tuesday, March 18th. This is a boost from Prologis's previous quarterly dividend of $0.96. Prologis's dividend payout ratio (DPR) is 101.00%.

Insider Activity

In other news, CIO Joseph Ghazal sold 10,997 shares of the company's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $118.74, for a total value of $1,305,783.78. Following the transaction, the executive now owns 7,977 shares in the company, valued at $947,188.98. This represents a 57.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.57% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on PLD shares. UBS Group increased their price target on shares of Prologis from $121.00 to $137.00 and gave the stock a "buy" rating in a research report on Tuesday, January 28th. Wolfe Research lowered Prologis from an "outperform" rating to a "peer perform" rating in a research report on Monday. Scotiabank restated a "sector underperform" rating and set a $97.00 price objective (down from $133.00) on shares of Prologis in a research note on Monday, April 7th. Mizuho reduced their price target on shares of Prologis from $117.00 to $105.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Finally, CJS Securities cut their target price on shares of Prologis from $140.00 to $117.00 in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $123.32.

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.