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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