Northwestern Mutual Wealth Management Co. acquired a new position in shares of Prologis, Inc. (NYSE:PLD - Free Report) 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.
Get Our Latest Research Report on PLD
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 - Get Free Report) 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
(
Free Report)
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.
Featured Stories
Want to see what other hedge funds are holding PLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Prologis, Inc. (NYSE:PLD - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Prologis, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Prologis wasn't on the list.
While Prologis currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Click the link to see our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
