Prologis, Inc.’s Stock Price Drops to $106.49, Marking a 7.19% Decrease: A Detailed Analysis

Prologis, Inc. (PLD)

106.49 USD -8.25 (-7.19%) Volume: 10.82M

Prologis, Inc.’s stock price stands at 106.49 USD, witnessing a trading session dip of -7.19% and a significant YTD decrease of -20.11%. With a trading volume of 10.82M, Prologis, Inc. (PLD) remains a stock to watch.

Latest developments on Prologis, Inc.

Prologis Inc. (NYSE:PLD) reported Q1 2024 earnings results, meeting FFO estimates but slightly trimming its 2024 outlook, causing the stock to underperform compared to competitors. Despite upbeat Q1 earnings, the stock experienced a dip due to the forecast cut. The company’s shares also gapped down following an analyst downgrade. However, several investment firms, including Morgan Stanley, Truist, and Citi, maintained their positive outlook on Prologis stock, despite the guidance cut. Meanwhile, Desjardins Global Asset Management, Carnegie Capital Asset Management, and Flputnam Investment Management increased their holdings in Prologis.

A look at Prologis, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Prologis Inc, a global leader in industrial real estate, has received positive Smart Scores across the board. With a Growth score of 4, the company is poised for long-term expansion and development. Additionally, its Resilience and Momentum scores of 3 indicate a stable and steady performance in the market. While the Value score may be lower at 2, Prologis Inc‘s strong growth potential and overall resilience make it a promising investment for the future.

As an owner, operator, and developer of industrial real estate, Prologis Inc has established itself as a key player in global and regional markets. With a Dividend score of 3, the company also offers investors a steady income stream. Overall, Prologis Inc‘s positive Smart Scores reflect its strong position in the industry and its potential for continued success in the long term.

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