PLD Stock Recent News
PLD LATEST HEADLINES
In the latest trading session, Prologis (PLD) closed at $111.58, marking a +0.37% move from the previous day.
Prologis (PLD) reachead $111.17 at the closing of the latest trading day, reflecting a +0.88% change compared to its last close.
Prologis trades at a lower dividend yield compared to other REITs, given its history of growth. It has a strong portfolio of warehouses that support the logistics of the e-commerce industry. The future growth of Prologis may be hindered as higher interests rates have slowed acquisitions and inflation threatens consumer spending.
PLD's share price has dropped significantly, leaving the Company undervalued. While the industry faces some headwinds, there are signs of an upcoming shift in the market conditions that could lead to an increasingly favorable supply-to-demand relationship. PLD owns a high-quality, well-located property portfolio with a mission-critical character to its tenants, has a fortress-like balance sheet, an impressive land bank, and a robust development pipeline.
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Prologis (PLD) closed the most recent trading day at $108.77, moving +1.28% from the previous trading session.
Prologis (PLD) concluded the recent trading session at $105, signifying a +0.24% move from its prior day's close.
SAN FRANCISCO, May 28, 2024 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today announced that Hamid Moghadam, co-founder, chairman and CEO, and Dan Letter, president are scheduled to participate in the Bernstein 40th Annual Strategic Decisions Conference in New York, NY. Moghadam will present on Thursday, May 30, at 1:30 p.m.
While the S&P 500 has rallied sharply over the past year, several high-quality REITs are down because of the impact of higher interest rates. Realty Income's falling stock price has helped push its dividend yield up to nearly 6%.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?