This morning we watched Prologis rise 2.0% to a price of $127.82 per share. The Large-Cap Specialty Real Estate Investment Trust company is now trading -5.61% below its average target price of $135.42. Analysts have set target prices ranging from $120.0 to $154.0 per share for Prologis, and have given the stock an average rating of buy.
The stock has a very low short interest at 1.5%, and a short ratio of 2.75. The company's insiders own 0.29% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 95.3% of Prologis's shares being owned by this investor type.
Institutions Invested in Prologis
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Vanguard Group Inc | 13% | 120,842,585 | $15,446,099,177 |
| 2024-06-30 | Blackrock Inc. | 10% | 94,543,903 | $12,084,601,652 |
| 2024-06-30 | State Street Corporation | 6% | 56,645,733 | $7,240,457,574 |
| 2024-06-30 | JP Morgan Chase & Company | 4% | 34,186,484 | $4,369,716,374 |
| 2024-06-30 | Cohen & Steers Inc. | 4% | 33,946,722 | $4,339,069,995 |
| 2024-06-30 | Geode Capital Management, LLC | 2% | 20,567,508 | $2,628,938,866 |
| 2024-06-30 | Morgan Stanley | 2% | 20,015,766 | $2,558,415,204 |
| 2024-06-30 | Apg Asset Management US Inc. | 2% | 19,711,375 | $2,519,507,946 |
| 2024-06-30 | Bank of America Corporation | 2% | 17,236,259 | $2,203,138,620 |
| 2024-06-30 | Massachusetts Financial Services Co. | 2% | 16,501,413 | $2,109,210,604 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Prologis.
