This morning we watched Prologis drop -2.4% to a price of $125.47 per share. The Large-Cap Specialty Real Estate Investment Trust company is now trading -7.35% 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.
Prologis's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.8%. The stock's short ratio is 4.31. The company's insiders own 0.29% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 95.4%. In conclusion, we believe there is mixed market sentiment regarding Prologis.
Institutions Invested in Prologis
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Vanguard Group Inc | 13% | 120,842,585 | $15,162,119,287 |
| 2024-06-30 | Blackrock Inc. | 10% | 94,543,903 | $11,862,423,624 |
| 2024-06-30 | State Street Corporation | 6% | 56,645,733 | $7,107,340,188 |
| 2024-06-30 | JP Morgan Chase & Company | 4% | 34,186,484 | $4,289,378,189 |
| 2024-06-30 | Cohen & Steers Inc. | 4% | 33,946,722 | $4,259,295,250 |
| 2024-06-30 | Geode Capital Management, LLC | 2% | 20,567,508 | $2,580,605,253 |
| 2024-06-30 | Morgan Stanley | 2% | 20,015,766 | $2,511,378,184 |
| 2024-06-30 | Apg Asset Management US Inc. | 2% | 19,711,375 | $2,473,186,245 |
| 2024-06-30 | Bank of America Corporation | 2% | 17,236,259 | $2,162,633,437 |
| 2024-06-30 | Massachusetts Financial Services Co. | 2% | 16,501,413 | $2,070,432,309 |
