Prologis, Inc.’s Stock Price Soars to $107.76, Marking an Impressive 2.95% Increase

Prologis, Inc. (PLD)

107.76 USD +3.09 (+2.95%) Volume: 4.09M

Prologis, Inc.’s stock price stands at 107.76 USD, experiencing a promising rise of +2.95% this trading session with a trading volume of 4.09M, despite a YTD percentage change of -19.16%, reflecting a potential recovery in the market.

Latest developments on Prologis, Inc.

Prologis Inc. (NYSE:PLD) stock experienced a downturn on Monday, underperforming when compared to its competitors. This followed a 6.1% decline in the stock price of its affiliate, FIBRA Prologis (OTCMKTS:FBBPF). Adding further pressure, Prologis’ price target was lowered to $124.00. The company also met Q1 FFO estimates, but trimmed its 2024 guidance, contributing to the stock’s movement today.

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 leading owner and developer of industrial real estate, has received positive scores in growth and resilience according to Smartkarma Smart Scores. With a growth score of 4, the company is positioned well for future expansion and development. Additionally, a resilience score of 3 indicates that Prologis Inc is equipped to withstand market challenges and maintain stability in the long term.

While Prologis Inc has received favorable scores in growth and resilience, its momentum score of 2 suggests that the company may face some challenges in maintaining a strong upward trajectory. With moderate scores in value and dividend at 3, investors may find Prologis Inc to be a stable but not particularly high-yielding investment option. Overall, the company’s global presence and focus on modern distribution facilities position it well for continued success in the industrial real estate market.

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