Northwestern Mutual Wealth Management Co. Grows Stock Position in Prologis, Inc. $PLD

Northwestern Mutual Wealth Management Co. increased its position in shares of Prologis, Inc. (NYSE:PLD) by 8.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 52,756 shares of the real estate investment trust’s stock after purchasing an additional 4,113 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Prologis were worth $6,735,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. High Note Wealth LLC raised its position in shares of Prologis by 43.9% during the 4th quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 76 shares during the period. Dakota Community Bank & Trust NA raised its position in Prologis by 3.4% in the fourth quarter. Dakota Community Bank & Trust NA now owns 2,398 shares of the real estate investment trust’s stock valued at $306,000 after purchasing an additional 79 shares during the period. Peddock Capital Advisors LLC raised its position in Prologis by 3.1% in the fourth quarter. Peddock Capital Advisors LLC now owns 2,651 shares of the real estate investment trust’s stock valued at $338,000 after purchasing an additional 80 shares during the period. Foster Dykema Cabot & Partners LLC raised its position in Prologis by 1.0% in the third quarter. Foster Dykema Cabot & Partners LLC now owns 8,232 shares of the real estate investment trust’s stock valued at $943,000 after purchasing an additional 83 shares during the period. Finally, Cornerstone Advisory LLC raised its position in Prologis by 2.4% in the third quarter. Cornerstone Advisory LLC now owns 3,535 shares of the real estate investment trust’s stock valued at $405,000 after purchasing an additional 84 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Stock Up 0.9%

Prologis stock opened at $140.25 on Wednesday. Prologis, Inc. has a twelve month low of $103.41 and a twelve month high of $147.93. The stock’s fifty day simple moving average is $139.36 and its 200-day simple moving average is $134.26. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60. The firm has a market capitalization 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.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.24. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the prior year, the company earned $1.43 earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, equities analysts expect that Prologis, Inc. will post 6.18 earnings per share for the current fiscal year.

Prologis Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.1%. Prologis’s dividend payout ratio is currently 107.81%.

Analysts Set New Price Targets

PLD has been the topic of a number of research analyst reports. Robert W. Baird boosted their target price on Prologis from $133.00 to $136.00 and gave the company a “neutral” rating in a research report on Friday, April 17th. Jefferies Financial Group cut their target price on Prologis from $157.00 to $155.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. DA Davidson boosted their target price on Prologis from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. BNP Paribas Exane boosted their target price on Prologis from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Finally, Weiss Ratings raised Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Sixteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $151.86.

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.