Northwestern Mutual Wealth Management Co. Has $11.57 Million Stock Position in Prologis, Inc. $PLD

Northwestern Mutual Wealth Management Co. grew its position in Prologis, Inc. (NYSE:PLD) by 83.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 89,103 shares of the real estate investment trust’s stock after buying an additional 40,460 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Prologis were worth $11,574,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Ares Financial Consulting LLC acquired a new position in Prologis in the fourth quarter valued at approximately $26,000. High Point Wealth Management LLC acquired a new position in Prologis in the fourth quarter valued at approximately $26,000. Eagle Bay Advisors LLC acquired a new position in Prologis in the fourth quarter valued at approximately $27,000. True Wealth Design LLC lifted its holdings in Prologis by 87.1% in the fourth quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 122 shares during the period. Finally, FNY Investment Advisers LLC acquired a new position in Prologis in the fourth quarter valued at approximately $38,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Trading Down 0.1%

PLD opened at $144.60 on Friday. The firm’s fifty day moving average is $137.62 and its two-hundred day moving average is $133.27. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51. The firm has a market cap of $134.82 billion, a PE ratio of 36.42, a price-to-earnings-growth ratio of 3.19 and a beta of 1.33. Prologis, Inc. has a twelve month low of $103.02 and a twelve month high of $145.44.

Prologis (NYSE:PLD) last posted its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.24. The company 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 period last year, the business posted $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Equities research analysts anticipate that Prologis, Inc. will post 6.17 EPS for the current year.

Prologis Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a $1.07 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $4.28 annualized dividend and a yield of 3.0%. Prologis’s dividend payout ratio (DPR) is 107.81%.

Wall Street Analyst Weigh In

PLD has been the topic of several analyst reports. Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. DA Davidson increased their price objective on shares of Prologis from $140.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Royal Bank Of Canada increased their price objective on shares of Prologis from $135.00 to $148.00 and gave the company a “sector perform” rating in a report on Tuesday, April 28th. Scotiabank increased their price objective on shares of Prologis from $146.00 to $154.00 and gave the company an “outperform” rating in a report on Tuesday, April 21st. Finally, Truist Financial increased their price objective on shares of Prologis from $139.00 to $154.00 and gave the company a “buy” rating in a report on Friday, April 24th. Sixteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $149.76.

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.