NEOS Investment Management LLC Has $5.99 Million Holdings in Prologis, Inc. (NYSE:PLD)

NEOS Investment Management LLC increased its position in Prologis, Inc. (NYSE:PLD - Free Report) by 31.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 56,655 shares of the real estate investment trust's stock after purchasing an additional 13,587 shares during the quarter. NEOS Investment Management LLC's holdings in Prologis were worth $5,988,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Murphy & Mullick Capital Management Corp bought a new position in Prologis during the fourth quarter worth $26,000. Crowley Wealth Management Inc. acquired a new stake in shares of Prologis during the 4th quarter worth about $27,000. Centricity Wealth Management LLC bought a new stake in shares of Prologis during the 4th quarter worth about $30,000. Dunhill Financial LLC grew its stake in Prologis by 239.5% in the 3rd quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 182 shares during the last quarter. Finally, Whipplewood Advisors LLC bought a new position in Prologis in the 4th quarter valued at about $34,000. 93.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Prologis

In other Prologis news, CIO Joseph Ghazal sold 10,997 shares of Prologis stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $118.74, for a total value of $1,305,783.78. Following the completion of the sale, the executive now directly owns 7,977 shares of the company's stock, valued at approximately $947,188.98. The trade was a 57.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.50% of the stock is owned by corporate insiders.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on PLD shares. Wolfe Research reduced their price objective on Prologis from $135.00 to $128.00 and set an "overweight" rating for the company in a report on Friday, January 17th. BTIG Research lowered their price objective on Prologis from $154.00 to $134.00 and set a "buy" rating on the stock in a research report on Friday, January 17th. Royal Bank of Canada boosted their target price on shares of Prologis from $125.00 to $128.00 and gave the company a "sector perform" rating in a research report on Monday, January 27th. Baird R W upgraded shares of Prologis from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. Finally, Raymond James restated a "market perform" rating on shares of Prologis in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $128.78.

Prologis Trading Up 0.0 %

NYSE PLD traded up $0.03 during trading hours on Tuesday, hitting $111.82. 984,324 shares of the company's stock were exchanged, compared to its average volume of 3,908,284. The firm has a market cap of $103.64 billion, a price-to-earnings ratio of 27.95, a PEG ratio of 2.70 and a beta of 1.09. The stock has a 50-day simple moving average of $117.78 and a 200 day simple moving average of $116.11. The company has a current ratio of 0.75, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53. Prologis, Inc. has a 1-year low of $100.82 and a 1-year high of $132.57.

Prologis Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th were paid a $1.01 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $4.04 annualized dividend and a dividend yield of 3.61%. This is a positive change from Prologis's previous quarterly dividend of $0.96. Prologis's payout ratio is currently 101.00%.

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.