NEOS Investment Management LLC Has $22.04 Million Stock Holdings in Prologis, Inc. $PLD

NEOS Investment Management LLC lifted its position in shares of Prologis, Inc. (NYSE:PLD) by 48.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 192,468 shares of the real estate investment trust’s stock after buying an additional 62,397 shares during the quarter. NEOS Investment Management LLC’s holdings in Prologis were worth $22,041,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of PLD. Whittier Trust Co. of Nevada Inc. grew its position in shares of Prologis by 0.5% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 16,583 shares of the real estate investment trust’s stock worth $1,941,000 after purchasing an additional 82 shares in the last quarter. Clear Investment Research LLC raised its position 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 valued at $39,000 after buying an additional 88 shares in the last quarter. Fidelis Capital Partners LLC boosted its stake in shares of Prologis by 1.0% in the third quarter. Fidelis Capital Partners LLC now owns 9,069 shares of the real estate investment trust’s stock valued at $1,039,000 after buying an additional 89 shares during the period. Ignite Planners LLC grew its position in Prologis by 3.2% during the third quarter. Ignite Planners LLC now owns 2,937 shares of the real estate investment trust’s stock worth $336,000 after buying an additional 92 shares in the last quarter. Finally, ORG Partners LLC increased its stake in Prologis by 3.3% during the 3rd quarter. ORG Partners LLC now owns 2,867 shares of the real estate investment trust’s stock worth $328,000 after acquiring an additional 92 shares during the period. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Stock Up 2.0%

PLD stock opened at $141.79 on Wednesday. The stock has a market capitalization of $131.70 billion, a P/E ratio of 39.94, a price-to-earnings-growth ratio of 3.44 and a beta of 1.42. The company has a current ratio of 0.19, a quick ratio of 0.64 and a debt-to-equity ratio of 0.61. The firm has a 50-day moving average price of $131.00 and a 200-day moving average price of $122.48. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $141.95.

Prologis (NYSE:PLD) last released 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. Prologis had a net margin of 37.86% and a return on equity of 5.78%. The business had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same period in the prior year, the company earned $1.42 EPS. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, equities research analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be issued a dividend of $1.07 per share. This is a positive change 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 annualized dividend and a dividend yield of 3.0%. Prologis’s dividend payout ratio (DPR) is 113.80%.

Insider Transactions at Prologis

In other news, Director Cristina Gabriela Bita sold 621 shares of Prologis stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $127.60, for a total transaction of $79,239.60. Following the sale, the director directly owned 8,208 shares of the company’s stock, valued at approximately $1,047,340.80. This trade represents a 7.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.57% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. The Goldman Sachs Group upped their target price on Prologis from $137.00 to $148.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Truist Financial cut their price objective on shares of Prologis from $142.00 to $139.00 and set a “buy” rating for the company in a research report on Monday, January 26th. Freedom Capital downgraded shares of Prologis from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 23rd. Mizuho boosted their target price on shares of Prologis from $138.00 to $143.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Finally, BTIG Research upped their price target on shares of Prologis from $134.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, December 31st. Thirteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $135.89.

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.