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The Investment Committee give you their top stocks to watch for the second half.
Prologis (PLD) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Inflation is rising, and GDP growth is slowing, posing risks to the US economy. The Federal Reserve may need to choose between fighting inflation and protecting economic growth. REITs with strong balance sheets, such as Realty Income and Prologis, are well positioned to navigate the challenges of higher inflation and rates.
Prologis, Inc. is a favored REIT due to its strong relationships with major corporations, strategic asset selection, and solid balance sheet. The company's recent earnings release and market volatility have led to a decline in its stock price, raising whether it is a buying opportunity. Prologis reported a leasing slowdown and warned of potential market shifts, but its long-term outlook remains positive, with gradual recovery and sustainable growth expected.
This leading REIT has a lot of hidden potential and is well off its highs.
Prologis has an excellent record of increasing its dividend. The REIT expects some headwinds to slow its earnings growth rate this year.
While Prologis (PLD) puts up a decent show in the first quarter, it trims its 2024 outlook as it prepares for a slower leasing environment in the next quarter or two.
The headline numbers for Prologis (PLD) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Prologis (PLD) came out with quarterly funds from operations (FFO) of $1.28 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $1.22 per share a year ago.
The U.S. real estate sector has been one of the worst-performing spaces in the past 12 months. The Vanguard Real Estate ETF NYSEARCA: VNQ fell behind the broader S&P 500 index by as much as 24% during this period.