Dimensional Fund Advisors LP Has $1.48 Billion Position in Prologis, Inc. (NYSE:PLD)

Dimensional Fund Advisors LP increased its position in Prologis, Inc. (NYSE:PLD) by 2.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,209,926 shares of the real estate investment trust’s stock after buying an additional 317,815 shares during the quarter. Prologis accounts for approximately 0.4% of Dimensional Fund Advisors LP’s investment portfolio, making the stock its 23rd largest position. Dimensional Fund Advisors LP owned approximately 1.43% of Prologis worth $1,483,594,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Optimum Investment Advisors acquired a new stake in Prologis during the 1st quarter valued at approximately $26,000. American Capital Advisory LLC acquired a new stake in Prologis during the 2nd quarter valued at approximately $26,000. True Wealth Design LLC acquired a new stake in Prologis during the 4th quarter valued at approximately $27,000. Central Valley Advisors LLC acquired a new stake in Prologis during the 2nd quarter valued at approximately $29,000. Finally, Wetzel Investment Advisors Inc. acquired a new stake in Prologis during the 2nd quarter valued at approximately $31,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insider Activity

In related news, CIO Joseph Ghazal sold 5,200 shares of Prologis stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $129.07, for a total value of $671,164.00. Following the completion of the sale, the executive now owns 13,187 shares of the company’s stock, valued at approximately $1,702,046.09. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.50% of the company’s stock.

Prologis Trading Down 0.2 %

NYSE PLD opened at $129.98 on Monday. The firm has a market capitalization of $120.34 billion, a P/E ratio of 38.01, a PEG ratio of 3.36 and a beta of 1.07. The business has a fifty day simple moving average of $124.42 and a 200 day simple moving average of $118.74. Prologis, Inc. has a 12 month low of $96.64 and a 12 month high of $137.52. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.52.

Prologis (NYSE:PLD) last announced its earnings results on Wednesday, July 17th. The real estate investment trust reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.41). Prologis had a net margin of 36.37% and a return on equity of 4.88%. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the prior year, the business earned $1.83 earnings per share. The company’s revenue for the quarter was down 18.1% compared to the same quarter last year. On average, analysts predict that Prologis, Inc. will post 5.42 EPS for the current fiscal year.

Prologis Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend is Monday, September 16th. Prologis’s dividend payout ratio is presently 112.28%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PLD. StockNews.com raised shares of Prologis from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th. Argus increased their price target on Prologis from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Mizuho cut their price target on Prologis from $130.00 to $120.00 and set a “neutral” rating on the stock in a report on Friday, May 31st. Bank of America restated a “neutral” rating and set a $128.00 price target on shares of Prologis in a report on Monday, August 12th. Finally, Morgan Stanley increased their price target on Prologis from $132.00 to $133.00 and gave the stock an “overweight” rating in a report on Wednesday, August 14th. Seven investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Prologis has an average rating of “Moderate Buy” and a consensus target price of $133.12.

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.