This summary was created by AI, based on 4 opinions in the last 12 months.
Prologis, with the symbol PLD-N, is considered as the No. 1 Bellwether for industrial real estate locally, known for its global logistics operations. It has shown robust internal growth and is believed to be currently trading at a discount to its Net Asset Value (NAV). The company's strategic levers such as solar and EV are viewed as potential growth opportunities. Despite a recent period of trading sideways, Prologis continues to show resilience and potential for further growth, particularly in its key markets such as southern California and the data centre business. The company is in a strong position to benefit from the expected decline in interest rates next year, positioning it as a favorable choice for investors in the REIT sector. Prologis reported an impressive quarter, with a significant rise in same-store sales net operating income and positive full-year outlook, indicating its strength in the market.
She bought it earlier this year. They own warehouse space. Walmart needs more of this as it competes with Amazon, so it's a tailwind. Their advantage are their great locations.
Today, it reported great numbers. The stock collapsed in April but started rebounding in May. It reported in-line revenues and slightly beat funds from operation and occupancy rate was a solid 96.1%. They reiterated their numbers and didn't cut guidance (as in April). He thinks the trucking business is bottoming now.
Bellwether for industrial real estate locally. Really great enterprise, good at operating logistics assets globally. In the best markets. Robust internal growth, discount to NAV. Sees $140 NAV. Levers to pull like solar and EV, it's just the beginning.
(Analysts’ price target is $144.00)Has liked this since 2008. Rallied over 30% since last October, but trading sideways lately. When it reported a few months ago it was in-line with solid guidance though there was a little hair on the dog. Management gave a optimistic comments on its largest market, southern California, and made big money in the red-hot data centre business.
Now that interest rates are set to decline next year, investors should be in REITs. PLD owns warehouses and logistics facilities. Its last quarter put up great numbers and shares have bounced 24% since late October. They had an investors day today and announced their plans and targets, which led to a 6% pop.
Yesterday, they reported a super quarter - headline numbers were in line, but same-store sales net operating income rose 11%. They can charge higher rents, not lose tenants and make money. Their full-year outlook was positive. Share are now a bargain.
It bottomed like the market last mid-October despite putting it good numbers throughout last year. The decline in e-commerce impacted them, which was surprised him. Have since rebounded from $98 to $127. A few weeks ago they reported an excellent quarter. The full-year forecast was mixed, but nobody minded because shares have fallen so low.
Prologis is a American stock, trading under the symbol PLD-N on the New York Stock Exchange (PLD). It is usually referred to as NYSE:PLD or PLD-N
In the last year, 6 stock analysts published opinions about PLD-N. 6 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Prologis.
Prologis was recommended as a Top Pick by on . Read the latest stock experts ratings for Prologis.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
6 stock analysts on Stockchase covered Prologis In the last year. It is a trending stock that is worth watching.
On 2024-09-20, Prologis (PLD-N) stock closed at a price of $125.47.
Trades at 22.8x this year FFO estimate at a 3.1% dividend. The PE is reasonable.