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

Key Points

• NEOS Investment Management increased its Prologis stake by 12.5% in the second quarter, acquiring 37,494 shares and bringing its total holdings to 336,745 shares valued at approximately $45.6 million. Institutional investors collectively own 93.5% of PLD.
• Prologis reported quarterly EPS of $1.13, exceeding the $0.75 consensus estimate, while revenue rose 11% year over year to $2.43 billion. The company maintained full-year 2026 guidance of $6.22–$6.30 EPS.
• The REIT declared a quarterly dividend of $1.07 per share, equivalent to a 3.1% annualized yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $154.52, while CFO Timothy Arndt sold 3,597 shares at $150 per share.

NEOS Investment Management LLC grew its holdings in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 12.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 336,745 shares of the real estate investment trust's stock after acquiring an additional 37,494 shares during the quarter. NEOS Investment Management LLC's holdings in Prologis were worth $45,619,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in PLD. Brighton Jones LLC increased its position in Prologis by 629.0% during the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust's stock worth $1,847,000 after purchasing an additional 15,078 shares in the last quarter. Schnieders Capital Management LLC. lifted its stake in Prologis by 45.4% in the 2nd quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust's stock valued at $1,128,000 after purchasing an additional 3,350 shares during the last quarter. Walleye Capital LLC acquired a new stake in Prologis in the second quarter valued at approximately $422,000. NewEdge Advisors LLC boosted its position in Prologis by 6.8% in the second quarter. NewEdge Advisors LLC now owns 63,829 shares of the real estate investment trust's stock valued at $6,710,000 after buying an additional 4,074 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its position in Prologis by 2.4% in the second quarter. Treasurer of the State of North Carolina now owns 433,312 shares of the real estate investment trust's stock valued at $45,550,000 after buying an additional 10,266 shares in the last quarter. Institutional investors own 93.50% of the company's stock.

Insider Buying and Selling

In other Prologis news, CFO Timothy Arndt sold 3,597 shares of Prologis stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $150.00, for a total transaction of $539,550.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.52% of the company's stock.

Prologis Trading Up 1.0%

Shares of NYSE PLD opened at $137.96 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.70 and a current ratio of 0.70. Prologis, Inc. has a 52-week low of $110.51 and a 52-week high of $153.35. The firm has a 50 day moving average price of $142.12 and a two-hundred day moving average price of $140.60. The stock has a market cap of $128.73 billion, a P/E ratio of 30.73 and a beta of 1.30.

Prologis (NYSE:PLD - Get Free Report) last released its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.38. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The firm had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter last year, the firm earned $1.46 earnings per share. The company's revenue for the quarter was up 11.0% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. As a group, equities analysts forecast that Prologis, Inc. will post 6.27 EPS for the current year.

Prologis Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Wednesday, September 16th. Prologis's dividend payout ratio (DPR) is currently 95.32%.

Analyst Upgrades and Downgrades

PLD has been the subject of several research analyst reports. Royal Bank Of Canada upgraded shares of Prologis from a "sector perform" rating to an "outperform" rating and upped their price target for the stock from $148.00 to $160.00 in a report on Tuesday, August 4th. BMO Capital Markets cut their price objective on Prologis from $162.00 to $158.00 and set an "outperform" rating on the stock in a report on Monday, June 29th. Barclays boosted their price objective on Prologis from $139.00 to $156.00 and gave the stock an "overweight" rating in a research report on Thursday, July 16th. Mizuho upped their target price on Prologis from $150.00 to $159.00 and gave the stock an "outperform" rating in a report on Friday, July 17th. Finally, Truist Financial increased their target price on Prologis from $154.00 to $162.00 and gave the company a "buy" rating in a research report on Tuesday, July 21st. Sixteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Prologis has a consensus rating of "Moderate Buy" and an average price target of $154.52.

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.

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