Prologis
PLD

$122.68

3.77%

Market Cap: 114B

About: Prologis was formed by the June 2011 merger of AMB Property and Prologis Trust. The company develops, acquires, and operates around 1.2 billion square feet of high-quality industrial and logistics facilities across the globe. The company also has a strategic capital business segment that has around $60 billion of third-party AUM. The company is organized into four global divisions (Americas, Europe, Asia, and other Americas) and operates as a real estate investment trust.

Employees: 2,574

Financials Real Estate Investment Trusts

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 20 analysts

0

News positive %

of 26 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

35% more call options, than puts

Call options by funds: $251M | Put options by funds: $186M

25% more repeat investments, than reductions

Existing positions increased: 615 | Existing positions reduced: 493

1% less funds holding

Funds holding: 1,435 [Q4 2023] → 1,424 (-11) [Q1 2024]

0.94% less ownership

Funds ownership: 93.16% [Q4 2023] → 92.22% (-0.94%) [Q1 2024]

4% less capital invested

Capital invested by funds: $115B [Q4 2023] → $111B (-$4.07B) [Q1 2024]

8% less first-time investments, than exits

New positions opened: 127 | Existing positions closed: 138

14% less funds holding in top 10

Funds holding in top 10: 44 [Q4 2023] → 38 (-6) [Q1 2024]

See Fund Rankings

Research analyst outlook

20 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$112

9%

downside

Avg. target

$130

6%

upside

High target

$156

27%

upside

20 analyst ratings

12 positive

60%

8 neutral

40%

0 negative

0%

Goldman Sachs Caitlin Burrows	27%upside $156	Buy Maintained	25 Jul 2024
Argus Research Marie Ferguson	10%upside $135	Buy Maintained	23 Jul 2024
Evercore ISI Group Steve Sakwa	0%upside $123	In-Line Maintained	18 Jul 2024
BMO Capital John Kim	6%downside $115	Market Perform Reiterated	15 Jul 2024
Mizuho Vikram Malhotra	2%downside $120	Neutral Maintained	31 May 2024

See Analyst Rankings

Financial journalist opinion

Based on 26 articles about PLD published over the past 30 days

Industrial Real Estate Returning To Growth

Second quarter earnings reports from Prologis and First Industrial indicate growth returning to the industrial sector. Industrial real estate market rental rates stopped growing in late 2023, but recent data suggests supply is subsiding, demand is returning, and rates are increasing. Mark-to-market opportunities for industrial REITs range from 20% to 100%, indicating stabilized P/FFO multiples of 10X to 14X.

Industrial Real Estate Returning To Growth

Zacks Investment Research

Here's Why You Should Retain Prologis (PLD) in Your Portfolio

Prologis (PLD) is well-poised to gain from its strategically located distribution facilities in key global markets, prudent buyouts and healthy balance sheet. However, subdued demand and high interest rates are concerns.

Here's Why You Should Retain Prologis (PLD) in Your Portfolio

2 Warehouse REITs To Make You Wealthy And Sleep Well At Night

Industrial real estate remains strong despite economic challenges and high interest rates. Rexford Industrial Realty and Prologis reported impressive 2Q24 earnings, showing resilience and growth potential. Both REITs offer attractive investment opportunities as the industrial market tightens and demand stabilizes.

2 Warehouse REITs To Make You Wealthy And Sleep Well At Night

The Motley Fool

2 Supercharged Dividend Stocks to Buy if There's a Stock Market Sell-Off

There's more than one way to look at dividend stocks, with dividend growth often overshadowed by dividend yield. Prologis has increased its payout at a compound annual rate of 11% a year over the past decade.

2 Supercharged Dividend Stocks to Buy if There's a Stock Market Sell-Off

Let The REIT Rally Begin

REITs are finally surging! Interest rates are expected to be cut significantly in the near term. I explain why I think that this is just the beginning of the rally.

Let The REIT Rally Begin

Don't Overthink It - Bet On Safety And Predictability

Howard Marks discusses the impact of debt on survival during economic challenges. Debt amplifies movements in investments and businesses, leading to potential survival challenges during economic downturns. Johnson & Johnson, Chevron, and Prologis are strong investment options with solid credit ratings and reliable business models.

Don't Overthink It - Bet On Safety And Predictability

Prologis: Q2 2024 Results Update - Still A Strong Buy

PLD will benefit greatly with the market conditions improvements likely to occur in 2025. The management revised (upwards) its 2024 guidance regarding core FFO per share and acquisition volume. PLD has solid business metrics and a fortress-like balance sheet reflected within the best-in-the-industry credit metrics.

Prologis: Q2 2024 Results Update - Still A Strong Buy

World's Largest Industrial Real Estate Developer Prologis Boosts Its Outlook—Here's Why

Prologis (PLD) shares gained Wednesday as the world's largest industrial real estate company posted better-than-expected earnings for the second quarter and raised its outlook because of improving demand.

World's Largest Industrial Real Estate Developer Prologis Boosts Its Outlook—Here's Why

Prologis, Inc. (PLD) Q2 2024 Earnings Call Transcript

Prologis, Inc. (NYSE:PLD ) Q2 2024 Earnings Conference Call July 17, 2024 12:00 PM ET Company Participants Justin Meng - SVP, Head of IR Tim Arndt - CFO Chris Caton - Managing Director Dan Letter - President Hamid Moghadam - Founder and CEO Conference Call Participants Blaine Heck - Wells Fargo Ronald Kamden - Morgan Stanley Steve Sakwa - Evercore ISI Camille Bonnel - Bank of America Jonathan Peterson - Jefferies Caitlin Burrows - Goldman Sachs Nick Thillman - Baird Vikram Malhotra - Mizuho Securities John Kim - BMO Capital Markets Vince Tibone - Green Street Ki Bin Kim - Truist Securities Michael Mueller - JPMorgan Michael Goldsmith - UBS Todd Thomas - KeyBanc Capital Markets Nicholas Yulico - Scotiabank Operator Welcome to the Prologis Second Quarter 2024 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

Prologis, Inc. (PLD) Q2 2024 Earnings Call Transcript

CNBC Television

Data centers will be driver business for Prologis, says CEO Hamid Moghadam

Hamid Moghadam, Prologis chairman and CEO, joins CNBC's 'The Exchange' to discuss how his company will benefit from AI, expectations for the next cycle, and more.

Data centers will be driver business for Prologis, says CEO Hamid Moghadam

See News Rankings