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

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

Several other institutional investors and hedge funds also recently modified their holdings of PLD. Norges Bank bought a new position in Prologis in the fourth quarter valued at approximately $951,263,000. Raymond James Financial Inc. acquired a new position in shares of Prologis in the fourth quarter valued at $254,876,000. FMR LLC raised its position in shares of Prologis by 11.7% in the fourth quarter. FMR LLC now owns 17,878,397 shares of the real estate investment trust's stock valued at $1,889,747,000 after purchasing an additional 1,875,978 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Prologis by 83.8% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,779,830 shares of the real estate investment trust's stock worth $399,528,000 after buying an additional 1,723,129 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its holdings in shares of Prologis by 59.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,584,288 shares of the real estate investment trust's stock worth $272,642,000 after buying an additional 964,454 shares during the period. 93.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Raymond James reissued a "market perform" rating on shares of Prologis in a report on Monday, February 3rd. BNP Paribas upgraded Prologis to a "strong-buy" rating in a research note on Wednesday, January 22nd. Mizuho dropped 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. BMO Capital Markets decreased their price objective on Prologis from $105.00 to $95.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Finally, Robert W. Baird lifted their target price on Prologis from $123.00 to $124.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $123.32.

Prologis Trading Up 1.6 %

Prologis stock traded up $1.60 during trading hours on Wednesday, hitting $101.55. The stock had a trading volume of 6,910,044 shares, compared to its average volume of 4,153,183. The business's 50 day simple moving average is $110.59 and its 200-day simple moving average is $112.87. Prologis, Inc. has a one year low of $85.35 and a one year high of $132.57. The stock has a market cap of $94.13 billion, a price-to-earnings ratio of 25.39, a P/E/G ratio of 2.70 and a beta of 1.20. The company has a quick ratio of 0.43, a current ratio of 0.75 and a debt-to-equity ratio of 0.53.

Prologis (NYSE:PLD - Get Free Report) last posted its 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 the consensus estimate of $1.99 billion. On average, equities analysts predict that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 18th were paid a $1.01 dividend. This is a boost from Prologis's previous quarterly dividend of $0.96. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $4.04 annualized dividend and a dividend yield of 3.98%. Prologis's payout ratio is currently 101.00%.

Insider Activity at Prologis

In other Prologis 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 sale, the executive now owns 7,977 shares in the company, valued at approximately $947,188.98. The trade was a 57.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.57% of the stock is currently owned by company insiders.

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.