Barrow Hanley Mewhinney & Strauss LLC Buys 375,029 Shares of Prologis, Inc. $PLD

Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Prologis, Inc. (NYSE:PLD) by 8.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,645,926 shares of the real estate investment trust’s stock after purchasing an additional 375,029 shares during the quarter. Prologis makes up approximately 1.7% of Barrow Hanley Mewhinney & Strauss LLC’s portfolio, making the stock its 18th biggest position. Barrow Hanley Mewhinney & Strauss LLC owned 0.50% of Prologis worth $532,051,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Clayton Financial Group LLC bought a new stake in Prologis during the 3rd quarter valued at $26,000. Silver Oak Securities Incorporated bought a new stake in Prologis in the 3rd quarter worth $36,000. Rossby Financial LCC increased its position in shares of Prologis by 69.6% in the third quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 135 shares during the period. AlphaQuest LLC bought a new stake in shares of Prologis in the third quarter worth about $39,000. Finally, Clear Investment Research LLC grew its stake in shares of Prologis by 34.5% in the third quarter. Clear Investment Research LLC now owns 343 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 88 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

Analysts Set New Price Targets

PLD has been the subject of a number of recent analyst reports. Freedom Capital lowered Prologis from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. Citigroup started coverage on shares of Prologis in a report on Thursday, March 5th. They issued a “buy” rating and a $145.00 price target on the stock. Argus boosted their price objective on shares of Prologis from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. BNP Paribas Exane upped their price objective on shares of Prologis from $129.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Finally, Jefferies Financial Group raised their target price on shares of Prologis from $146.00 to $157.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Fourteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Prologis currently has an average rating of “Moderate Buy” and an average price target of $137.20.

Prologis Trading Up 0.8%

NYSE PLD opened at $136.18 on Wednesday. The firm has a market capitalization of $126.59 billion, a PE ratio of 38.36, a P/E/G ratio of 3.34 and a beta of 1.41. The stock’s 50 day moving average is $134.23 and its 200 day moving average is $125.92. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $143.95. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.61.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.44. The business had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.09 billion. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.42 earnings per share. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Research analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a dividend of $1.07 per share. This is an increase from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $4.28 dividend on an annualized basis and a yield of 3.1%. Prologis’s dividend payout ratio is 113.80%.

Prologis Profile

Prologis, Inc is a real estate investment trust (REIT) specializing in logistics and distribution facilities. The company focuses on acquiring, developing, and managing high-quality industrial real estate assets that support supply chain infrastructure for third-party logistics providers, e-commerce businesses, retailers and manufacturers. Its portfolio primarily consists of warehouse and distribution centers designed to optimize goods movement and storage near key transportation hubs.

With a global presence, Prologis serves customers across the Americas, Europe and Asia Pacific.