Latest news with #Prologis
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a day ago
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Prologis Stock: Analyst Estimates & Ratings
Prologis, Inc. (PLD) is a leading real estate investment trust (REIT) headquartered in San Francisco, California, specializing in industrial and logistics real estate. Its market cap hovers around $98.6 billion, reflecting its status as one of the largest industrial REITs globally. Founded in 1983 and later formed through a landmark merger between AMB Property Corporation and ProLogis in 2011, the company owns and operates more than 1.3 billion square feet of logistics facilities across 20 countries, serving major tenants in the business‑to‑business and retail/online fulfillment sectors. More News from Barchart Cathie Wood Is Buying Shares of This Little-Known Ethereum Treasury Company. Should You? Dear Ford Stock Fans, Mark Your Calendar for August 11 Robinhood Stock Seemingly Can't Be Stopped in 2025. Is It Too Late to Buy HOOD Here? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Shares of Prologis have returned just 0.6% on a year‑to‑date (YTD) basis, while remaining significantly below its 52‑week high of $132.57. Over the past 52 weeks, the stock declined 11.5%. In contrast, the broader S&P 500 Index ($SPX) has gained 7.8% YTD, while the past year returns stand at 21.9%. Narrowing the focus, the Real Estate Select Sector SPDR ETF (XLRE) rallied by 2.3% YTD and rose marginally over the past 52 weeks, also outpacing PLD stock. Several factors have shaped Prologis' performance. On the positive side, the company continues to benefit from strong leasing demand in infill logistics markets. Moreover, trade‑policy shifts, especially expectations of a U.S.-China trade war, are spurring onshoring and warehousing demand. However, heightened U.S. warehouse vacancy and rate‑sensitive sector pressures, including rising interest expenses, have weighed on sentiment. For the current fiscal year, ending in December 2025, analysts expect Prologis to report EPS growth of 3.8% YoY to $5.77, on a diluted basis. The company has a stellar history of surpassing consensus EPS estimates. It topped consensus estimates in each of the last four quarters. Out of the 24 analysts covering PLD stock, the consensus rating is a 'Moderate Buy.' That's based on 12 'Strong Buys,' two 'Moderate Buys,' eight 'Hold' ratings, and two 'Strong Sells.' The current configuration has remained consistent over the past few months. Citi has maintained its 'Buy' rating on PLD, but trimmed the price target from $150 to $140, reflecting heightened caution amid unresolved trade‑policy risks. The mean price target of $119.30 represents a premium of 12.2% to PLD's current price, while the Street-high price target of $148 suggests an upside potential of 39.2%. On the date of publication, Sristi Jayaswal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
2 days ago
- Business
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Third Avenue Real Estate Value Fund Added WESCO International (WCC) Citing Diverse Growth Signals
Third Avenue Management, an investment management company based in New York City, released its 'Third Avenue Real Estate Value Fund' second-quarter 2025 investor letter. A copy of the letter can be downloaded here. For the six months ended June 30, 2025, the fund returned +6.38% (after fees) compared to +6.66% (before fees) for the FTSE EPRA NAREIT Developed Index. The fund generated an annualized return of +8.94% (after fees) since its inception in 1998. For more information on the fund's top picks in 2025, please check its top five holdings. In its second-quarter 2025 investor letter, Third Avenue Real Estate Value Fund highlighted stocks such as WESCO International, Inc. (NYSE:WCC). WESCO International, Inc. (NYSE:WCC) offers business-to-business distribution, logistics services, and supply chain solutions. The one-month return of WESCO International, Inc. (NYSE:WCC) was 2.48%, and its shares gained 32.67% of their value over the last 52 weeks. On August 7, 2025, WESCO International, Inc. (NYSE:WCC) stock closed at $206.26 per share, with a market capitalization of $10.037 billion. Third Avenue Real Estate Value Fund stated the following regarding WESCO International, Inc. (NYSE:WCC) in its second quarter 2025 investor letter: "When considering the above factors and the significant volatility for all things 'trade related' more recently, the Fund opted to increase its holdings in Prologis Inc. ('Prologis') and WESCO International, Inc. (NYSE:WCC) during the quarter. A team of professionals operating high and medium voltage project design. WESCO International, Inc. (NYSE:WCC) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 51 hedge fund portfolios held WESCO International, Inc. (NYSE:WCC) at the end of the first quarter, which was 62 in the previous quarter. While we acknowledge the potential of WESCO International, Inc. (NYSE:WCC) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered WESCO International, Inc. (NYSE:WCC) and shared the list of cheap mid-cap stocks to add to your portfolio. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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2 days ago
- Business
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Here's Why the Third Avenue Real Estate Value Fund Increased its Holdings in Prologis (PLD)
Third Avenue Management, an investment management company based in New York City, released its 'Third Avenue Real Estate Value Fund' second-quarter 2025 investor letter. A copy of the letter can be downloaded here. For the six months ended June 30, 2025, the fund returned +6.38% (after fees) compared to +6.66% (before fees) for the FTSE EPRA NAREIT Developed Index. The fund generated an annualized return of +8.94% (after fees) since its inception in 1998. For more information on the fund's top picks in 2025, please check its top five holdings. In its second-quarter 2025 investor letter, Third Avenue Real Estate Value Fund highlighted stocks such as Prologis, Inc. (NYSE:PLD). Prologis, Inc. (NYSE:PLD) is a global leader in logistics real estate. The one-month return of Prologis, Inc. (NYSE:PLD) was -2.47%, and its shares lost 13.33% of their value over the last 52 weeks. On August 7, 2025, Prologis, Inc. (NYSE:PLD) stock closed at $105.73 per share, with a market capitalization of $98.124 billion. Third Avenue Real Estate Value Fund stated the following regarding Prologis, Inc. (NYSE:PLD) in its second quarter 2025 investor letter: "When considering the above factors and the significant volatility for all things 'trade related' more recently, the Fund opted to increase its holdings in Prologis, Inc. (NYSE:PLD) ('Prologis') and WESCO International Inc. ('Wesco') during the quarter. A large logistic facility within the industrial real estate sector. Prologis, Inc. (NYSE:PLD) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 55 hedge fund portfolios held Prologis, Inc. (NYSE:PLD) at the end of the first quarter which was 55 in the previous quarter. While we acknowledge the potential of Prologis, Inc. (NYSE:PLD) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Prologis, Inc. (NYSE:PLD) and shared Baron Real Estate Fund's views on the company. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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5 days ago
- Business
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Prologis sees narrow window before warehouse rents increase
Despite navigating weaker demand and uncertainty around trade policy, logistics real estate customers 'looked beyond short-term volatility to activate long-term plans' in the second quarter, according to Prologis' Industrial Business Indicator (IBI) report. While the real estate market remains in flux, indicators like net absorption and new leasing activity improved from the first quarter. The San Francisco-based real estate investment trust acknowledged that decision making among tenants has been extended given macroeconomic uncertainties, but said buyers in the market looking for space, proposal volumes and signed leases were all up in the period. Well-capitalized, large-scale tenants are moving forward with the build-to-suit projects that will be required to facilitate their long-term growth plans, the Monday report said. Prologis (NYSE: PLD) noted an uptick in nearshoring and reshoring activity as well as domestic demand from international companies. 'Real-time indicators and direct feedback from users suggest that space needs persist, and that demand is poised to reaccelerate once greater clarity emerges around pricing and broader economic conditions,' the report said. Leasing activity recovered during May and June, following a slowdown after April's Liberation Day tariff announcements, according to Prologis. Warehouse space utilization averaged 85% in the second quarter, a 50 basis-point increase from full-year 2024. The improvement was in part due to some customers pulling forward inventories in response to quickly changing tariff policies. Utilization slid in July, but the report said it was likely due to a sell-through of certain merchandise (temporarily drawing down warehouse inventories) and choppiness in container imports to the U.S. 'We maintain that utilization will be volatile in the near term as shifting trade policies disrupt typical import patterns but generally trend upward as companies grow into any excess capacity.' The report said supply risk, or overcapacity, in many U.S. markets is now 'largely in the past' as speculative development starts have declined by 75% from the peak and second-half warehouse deliveries will be 30% lower year over year. 'This dynamic is creating a short-term window of opportunity for customers,' the report said. 'Prime space options are available in select locations, but these are expected to diminish as the pipeline of new deliveries slows and competition for quality product increases.' The pace of declines in market rents slowed to just 1.4% in the quarter. The change has been largely due to price resets in the West Coast markets. The report concluded that long-term structural drivers, like e-commerce growth and the need to modernize operations, remain intact. With new supply falling, the current environment 'presents a narrow and time-sensitive window of opportunity for users to secure prime logistics real estate before rents increase.' According to a separate report, Prologis said nearly $3.2 trillion worth of goods, or 2.9% of the world's GDP, moved through its warehouses last year. The study conducted with Oxford Economics showed Prologis' 1.3 billion square feet of space contributed $348 billion to the global economy, supporting 3.6 million jobs. More FreightWaves articles by Todd Maiden: XPO sees 'massive runway' to push margins higher Schneider National not yet choosing sides on potential changes to railroad landscape ArcBest's efficiency initiatives helping offset soft demand The post Prologis sees narrow window before warehouse rents increase appeared first on FreightWaves.
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5 days ago
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Prologis (PLD) Slid Due to a Slower Leasing Environment
Baron Funds, an investment management company, released its 'Baron Real Estate Fund' second-quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund rose 3.61% (Institutional Shares) in the quarter compared to a 1.46% decline for the MSCI US REIT Index (the REIT Index) and a 6.13% gain for the MSCI USA IMI Extended Real Estate Index (the MSCI Real Estate Index). In addition, please check the fund's top five holdings to know its best picks in 2025. In its second-quarter 2025 investor letter, Baron Real Estate Fund highlighted stocks such as Prologis, Inc. (NYSE:PLD). Prologis, Inc. (NYSE:PLD) is a global leader in logistics real estate. The one-month return of Prologis, Inc. (NYSE:PLD) was -2.88%, and its shares lost 15.38% of their value over the last 52 weeks. On August 1, 2025, Prologis, Inc. (NYSE:PLD) stock closed at $104.91 per share, with a market capitalization of $97.363 billion. Baron Real Estate Fund stated the following regarding Prologis, Inc. (NYSE:PLD) in its second quarter 2025 investor letter: "The shares of Prologis, Inc. (NYSE:PLD), a best-in-class industrial REIT, underperformed in the second quarter due to a somewhat slower leasing environment (following a robust first quarter) as many companies paused lease decision making while awaiting more clarity on global tariffs and trade policies. Our sense is that leasing activity has still improved from the beginning of the year and that significant pent-up demand could be unleashed as business confidence improves. A large logistic facility within the industrial real estate sector. Prologis, Inc. (NYSE:PLD) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 55 hedge fund portfolios held Prologis, Inc. (NYSE:PLD) at the end of the first quarter which was 55 in the previous quarter. While we acknowledge the potential of Prologis, Inc. (NYSE:PLD) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Prologis, Inc. (NYSE:PLD) and shared the list of top stock picks from Goldman Sachs REIT Stocks. Baron Real Estate Fund re-established its position in Prologis, Inc. (NYSE:PLD) during Q1 2025. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey.
