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

Northwestern Mutual Wealth Management Co. acquired a new position in shares of Prologis, Inc. (NYSE:PLD) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 52,356 shares of the real estate investment trust’s stock, valued at approximately $7,093,000.

Other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in Prologis during the 2nd quarter worth approximately $1,767,000. Evolve Private Wealth LLC acquired a new position in shares of Prologis in the second quarter valued at approximately $649,000. Varma Mutual Pension Insurance Co acquired a new position in shares of Prologis in the second quarter valued at approximately $24,066,000. Westpac Banking Corp bought a new stake in shares of Prologis during the second quarter worth $9,003,000. Finally, Iyo Bank Ltd. bought a new stake in shares of Prologis during the second quarter worth $13,330,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insider Activity at Prologis

In related news, CFO Timothy D. Arndt sold 3,597 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $150.00, for a total value of $539,550.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PLD shares. Wells Fargo & Company boosted their price target on Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Wall Street Zen upgraded Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Robert W. Baird set a $140.00 price target on Prologis in a research report on Friday, July 31st. Truist Financial raised their price target on shares of Prologis from $154.00 to $162.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Finally, Raymond James Financial began coverage on shares of Prologis in a report on Thursday, June 18th. They issued a “market perform” rating on the stock. Sixteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $154.57.

Prologis Stock Performance

Shares of NYSE PLD opened at $141.77 on Monday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $132.28 billion, a P/E ratio of 31.57 and a beta of 1.31. Prologis, Inc. has a 12 month low of $109.14 and a 12 month high of $153.35. The stock has a 50 day moving average of $142.53 and a 200-day moving average of $140.36.

Prologis (NYSE:PLD) last released its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $2.16 billion. During the same period in the previous year, the business posted $1.46 earnings per share. 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. As a group, equities research analysts predict that Prologis, Inc. will post 6.27 EPS for the current year.

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.