Prologis, Inc. (PLD) Monthly Stock Report

Publication Date: September 22, 2024

Company Overview

Prologis, Inc. (PLD), headquartered in San Francisco, California, is a leader in the logistics real estate sector, focusing on high-barrier and high-growth markets. As of June 30, 2024, the company manages properties and development projects totaling approximately 1.2 billion square feet across 19 countries. Operating as a Real Estate Investment Trust (REIT) in the Industrial sector, Prologis serves around 6,700 customers spanning both business-to-business and retail online fulfillment areas. Publicly listed since July 17, 2003, Prologis presents a viable investment opportunity in the ever-expanding stock market.

Investment Insights

Recent evaluations indicate a strong buy recommendation for Prologis shares within the industrial REIT sector, with a target high price set at $154.00, reflecting optimism for substantial future performance and price appreciation. The current stock price is $125.47, indicating a significant upside potential. Analysts have established a target mean price of $135.42, demonstrating a favorable assessment of average market valuations. With total revenue reported at an impressive $8.1 billion, Prologis showcases robust operational capacity, positioning itself well in the industrial real estate market.

Additionally, Prologis has 925,910,976 outstanding shares with only 12,737,159 shares sold short, representing a modest short interest of approximately 1.79%. This low short percentage indicates a stable sentiment among investors regarding the stock’s potential, suggesting limited expectations for a decline in value.

Market Performance

Prologis’ stock performance reflects notable stability, currently positioned just above its 50-day moving average of $125.33. Over the past year, the stock has experienced considerable ups and downs, recording a 52-week high of $137.52 and a low of $96.64. Such fluctuations highlight the stock’s volatility and responsiveness to market dynamics. However, with a current valuation near the average trading price, there may be significant resistance or support levels in sight as investors watch for further movements.

In conclusion, Prologis offers a compelling investment proposition within the industrial-focused REIT sector, supported by a strong revenue stream and favorable analyst recommendations. As the financial landscape continues to evolve, Prologis stands out as an attractive option for investors seeking growth in logistics real estate.

Metric Value
Market Cap $116.2b
Total Debt $30.5b
Total Cash $599.7m
Shares Outstanding 925.9m
Float Shares 922.1m

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