Prologis, Inc. $PLD Stock Position Trimmed by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its holdings in Prologis, Inc. (NYSE:PLD) by 6.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 11,956,381 shares of the real estate investment trust’s stock after selling 788,938 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Prologis were worth $1,369,233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Clayton Financial Group LLC acquired a new position in Prologis during the 3rd quarter valued at about $26,000. Silver Oak Securities Incorporated acquired a new position in shares of Prologis during the third quarter valued at approximately $36,000. Rossby Financial LCC raised its holdings in Prologis by 69.6% during the third quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 135 shares in the last quarter. AlphaQuest LLC bought a new stake in Prologis during the third quarter worth approximately $39,000. Finally, Clear Investment Research LLC lifted its position in 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 period. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on PLD shares. Evercore upped their price objective on Prologis from $118.00 to $121.00 and gave the company an “in-line” rating in a report on Thursday, January 22nd. Barclays reissued an “overweight” rating and issued a $139.00 price target on shares of Prologis in a report on Tuesday, January 13th. Wall Street Zen cut shares of Prologis from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. The Goldman Sachs Group increased their target price on shares of Prologis from $137.00 to $148.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. Finally, UBS Group raised their target price on shares of Prologis from $144.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Fourteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.95.

Prologis Price Performance

Shares of NYSE:PLD opened at $140.95 on Wednesday. The firm has a market cap of $131.02 billion, a price-to-earnings ratio of 39.70, a P/E/G ratio of 3.53 and a beta of 1.41. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $143.95. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.61. The business has a fifty day simple moving average of $133.46 and a 200 day simple moving average of $124.96.

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

Prologis Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a $1.07 dividend. The ex-dividend date is Tuesday, March 17th. This is a positive change from Prologis’s previous quarterly dividend of $1.01. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.0%. Prologis’s dividend payout ratio is presently 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.