This summary was created by AI, based on 3 opinions in the last 12 months.
The experts agree that Prologis, with the symbol PLD-N, has been performing well recently, with solid guidance and positive outlook. The company has made significant gains in its largest market and the data center business. Its last quarter showed great numbers, and same-store sales net operating income rose 11%. Overall, the outlook for Prologis appears positive and its shares are considered a bargain.
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, 4 stock analysts published opinions about PLD-N. 4 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.
4 stock analysts on Stockchase covered Prologis In the last year. It is a trending stock that is worth watching.
On 2024-03-28, Prologis (PLD-N) stock closed at a price of $130.22.
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)