Prologis, Inc. $PLD Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. raised its position in Prologis, Inc. (NYSE:PLD) by 8.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 52,756 shares of the real estate investment trust’s stock after buying an additional 4,113 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Prologis were worth $6,735,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PLD. High Point Wealth Management LLC acquired a new stake in Prologis in the 4th quarter worth about $26,000. Ares Financial Consulting LLC acquired a new stake in Prologis in the 4th quarter worth about $26,000. Eagle Bay Advisors LLC acquired a new stake in Prologis in the 4th quarter worth about $27,000. High Note Wealth LLC boosted its holdings in Prologis by 43.9% in the 4th quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 76 shares during the last quarter. Finally, True Wealth Design LLC boosted its holdings in shares of Prologis by 87.1% during the 4th quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 122 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PLD has been the topic of several recent research reports. Scotiabank boosted their target price on Prologis from $146.00 to $154.00 and gave the stock an “outperform” rating in a report on Tuesday, April 21st. Mizuho boosted their target price on Prologis from $143.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Morgan Stanley boosted their target price on Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. Royal Bank Of Canada boosted their target price on Prologis from $135.00 to $148.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 28th. Finally, Evercore set a $135.00 target price on Prologis in a report on Friday, April 17th. Sixteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Prologis presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.86.

Prologis Trading Up 0.9%

Shares of Prologis stock opened at $140.25 on Wednesday. The stock has a market cap of $130.76 billion, a P/E ratio of 35.33, a P/E/G ratio of 3.06 and a beta of 1.32. The stock’s 50 day simple moving average is $139.36 and its 200-day simple moving average is $134.26. Prologis, Inc. has a 1-year low of $103.41 and a 1-year high of $147.93. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51.

Prologis (NYSE:PLD) last released its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, beating the consensus estimate of $0.81 by $0.24. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Analysts predict that Prologis, Inc. will post 6.18 EPS for the current fiscal year.

Prologis Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s payout ratio is presently 107.81%.

Prologis Company 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.