Northwestern Mutual Wealth Management Co. Makes New $7.09 Million Investment in Prologis, Inc. $PLD

Northwestern Mutual Wealth Management Co. bought a new position in shares of Prologis, Inc. (NYSE:PLD) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 52,356 shares of the real estate investment trust’s stock, valued at approximately $7,093,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. High Point Wealth Management LLC acquired a new position in shares of Prologis during the 4th quarter worth approximately $26,000. Ares Financial Consulting LLC acquired a new stake in shares of Prologis in the fourth quarter valued at approximately $26,000. Clearstead Trust LLC acquired a new stake in shares of Prologis in the second quarter valued at approximately $28,000. SouthState Bank Corp boosted its stake in shares of Prologis by 73.1% in the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 95 shares during the period. Finally, Hilton Head Capital Partners LLC bought a new stake in shares of Prologis in the fourth quarter valued at approximately $29,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Prologis

In other Prologis news, CFO Timothy D. 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 value of $539,550.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.52% of the stock is currently owned by corporate insiders.

Prologis Trading Down 0.0%

Shares of PLD stock opened at $141.77 on Monday. The stock’s fifty day moving average price is $142.53 and its two-hundred day moving average price is $140.36. The company has a market cap of $132.28 billion, a PE ratio of 31.57 and a beta of 1.31. Prologis, Inc. has a fifty-two week low of $109.14 and a fifty-two week high of $153.35. 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 (NYSE:PLD) last issued 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 return on equity of 7.29% and a net margin of 45.79%.The company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter last year, the company posted $1.46 EPS. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Equities analysts predict that Prologis, Inc. will post 6.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Morgan Stanley raised their price objective on Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 26th. Truist Financial upped 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. Weiss Ratings raised Prologis from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, August 12th. Mizuho raised their price target on Prologis from $150.00 to $159.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. Finally, Wall Street Zen raised Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Sixteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Prologis currently has a consensus rating of “Moderate Buy” and a consensus price target of $154.57.

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.