NEOS Investment Management LLC Purchases 37,494 Shares of Prologis, Inc. $PLD

NEOS Investment Management LLC raised its position in Prologis, Inc. (NYSE:PLD) by 12.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 336,745 shares of the real estate investment trust’s stock after purchasing an additional 37,494 shares during the period. NEOS Investment Management LLC’s holdings in Prologis were worth $45,619,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Solstein Capital LLC bought a new position in Prologis during the second quarter worth $25,000. Manning & Napier Advisors LLC acquired a new position in Prologis in the second quarter valued at $25,000. Clearstead Trust LLC bought a new stake in Prologis during the second quarter valued at $28,000. SouthState Bank Corp boosted its position in Prologis by 73.1% during the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 95 shares during the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new stake in Prologis during the 4th quarter worth about $29,000. 93.50% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Prologis news, CFO Timothy Arndt sold 3,597 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $150.00, for a total value of $539,550.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.52% of the company’s stock.

Analysts Set New Price Targets

PLD has been the subject of several research analyst reports. Mizuho lifted their price objective on Prologis from $150.00 to $159.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. Robert W. Baird set a $140.00 target price on Prologis in a research report on Friday, July 31st. BTIG Research lifted their target price on Prologis from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. BMO Capital Markets dropped their price target on Prologis from $162.00 to $158.00 and set an “outperform” rating on the stock in a research note on Monday, June 29th. Finally, Wells Fargo & Company cut their price target on Prologis from $167.00 to $166.00 and set an “overweight” rating on the stock in a report on Tuesday. Sixteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $154.52.

Prologis Stock Performance

Shares of PLD stock opened at $137.96 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63. The firm has a fifty day simple moving average of $142.12 and a two-hundred day simple moving average of $140.60. The firm has a market capitalization of $128.73 billion, a PE ratio of 30.73 and a beta of 1.30. Prologis, Inc. has a 12 month low of $110.51 and a 12 month high of $153.35.

Prologis (NYSE:PLD) last posted its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.38. The company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.16 billion. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Analysts forecast that Prologis, Inc. will post 6.27 EPS for the current fiscal year.

Prologis Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be issued a $1.07 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $4.28 annualized dividend and a dividend yield of 3.1%. Prologis’s dividend payout ratio is currently 95.32%.

About Prologis

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.