Barrow Hanley Mewhinney & Strauss LLC Buys 1,723,129 Shares of Prologis, Inc. (NYSE:PLD)

Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Prologis, Inc. (NYSE:PLD - Free Report) by 83.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,779,830 shares of the real estate investment trust's stock after acquiring an additional 1,723,129 shares during the quarter. Prologis accounts for 1.4% of Barrow Hanley Mewhinney & Strauss LLC's portfolio, making the stock its 27th largest holding. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.41% of Prologis worth $399,528,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Murphy & Mullick Capital Management Corp acquired a new stake in Prologis in the 4th quarter worth $26,000. Dunhill Financial LLC grew its position in Prologis by 239.5% during the third quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust's stock worth $33,000 after buying an additional 182 shares in the last quarter. Crowley Wealth Management Inc. bought a new position in Prologis during the fourth quarter valued at about $27,000. Centricity Wealth Management LLC bought a new position in Prologis during the fourth quarter valued at about $30,000. Finally, Promus Capital LLC acquired a new position in Prologis in the 4th quarter valued at approximately $34,000. Institutional investors own 93.50% of the company's stock.

Prologis Stock Down 0.3 %

Shares of NYSE:PLD traded down $0.30 during trading on Tuesday, hitting $111.49. 3,359,860 shares of the company were exchanged, compared to its average volume of 3,917,412. The stock has a market cap of $103.33 billion, a price-to-earnings ratio of 27.87, a P/E/G ratio of 2.70 and a beta of 1.09. The company has a current ratio of 0.75, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53. Prologis, Inc. has a fifty-two week low of $100.82 and a fifty-two week high of $132.57. The firm has a fifty day moving average price of $117.78 and a two-hundred day moving average price of $116.11.

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Prologis Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th were given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend was Tuesday, March 18th. This is an increase from Prologis's previous quarterly dividend of $0.96. Prologis's payout ratio is 101.00%.

Insiders Place Their Bets

In related news, CIO Joseph Ghazal sold 10,997 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $118.74, for a total transaction of $1,305,783.78. Following the transaction, the executive now directly owns 7,977 shares of the company's stock, valued at approximately $947,188.98. The trade was a 57.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Royal Bank of Canada boosted their price objective on Prologis from $125.00 to $128.00 and gave the company a "sector perform" rating in a research report on Monday, January 27th. Wolfe Research dropped their price objective on shares of Prologis from $135.00 to $128.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Mizuho decreased their target price on shares of Prologis from $119.00 to $117.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 8th. Robert W. Baird increased their price target on shares of Prologis from $123.00 to $124.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Finally, BTIG Research cut their price target on shares of Prologis from $154.00 to $134.00 and set a "buy" rating for the company in a research note on Friday, January 17th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $128.78.

Prologis 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.