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Prologis, Inc.’s Stock Price Drops to $117.77, Recording a 3.86% Decrease: A Detailed Analysis

By October 22, 2024 No Comments

Prologis, Inc. (PLD)

117.77 USD -4.73 (-3.86%) Volume: 3.87M

Prologis, Inc.’s stock price is currently standing at 117.77 USD, experiencing a dip in today’s trading session by -3.86% with a trading volume of 3.87M. The stock has seen a year-to-date decline of -11.65%, reflecting its performance in the market.


Latest developments on Prologis, Inc.

Prologis Inc, a leading real estate investment trust, is experiencing fluctuations in its stock price due to various factors. Despite receiving a “Neutral” rating from The Goldman Sachs Group, the company remains optimistic about a warehousing rebound expected in late 2025. Recent news of Everence Capital Management Inc. reducing its stake in Prologis, Inc. has also impacted the stock price. On the other hand, Cyndeo Wealth Partners LLC has shown confidence in the company by acquiring a $6.65 million stake. Analysts have given Prologis, Inc. an average rating of “Moderate Buy” amidst macro uncertainty and tenant delays, prompting a downgrade from Goldman Sachs. Bar Harbor Wealth Management has also acquired a new position in the company, highlighting the continued interest in Prologis despite the current challenges.


A look at Prologis, Inc. Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth4
Resilience3
Momentum2
OVERALL SMART SCORE3.2

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, is positioned for solid long-term growth according to Smartkarma Smart Scores. With strong scores in Dividend and Growth, the company is well-positioned to continue providing value to its investors while also expanding its business operations. Additionally, its Resilience score indicates that Prologis Inc is equipped to weather any economic downturns, providing stability for shareholders.

However, Prologis Inc‘s lower Momentum score suggests that the company may face challenges in the short term. Despite this, the overall outlook for Prologis Inc remains positive, with a solid foundation in place for future success. Investors looking for a stable and growing company in the industrial real estate sector may find Prologis Inc to be a promising long-term investment.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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