This morning we watched Prologis drop -1.1% to a price of $113.8 per share. The Large-Cap Specialty Real Estate Investment Trust company is now trading -13.62% below its average target price of $131.75. Analysts have set target prices ranging from $119.0 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 1.7%, and a short ratio of 3.0. 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 95.7% of Prologis's shares being owned by this investor type.
Institutions Invested in Prologis
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-09-30 | Vanguard Group Inc | 13% | 120,915,126 | $13,760,141,707 |
| 2024-09-30 | Blackrock Inc. | 10% | 95,055,992 | $10,817,372,179 |
| 2024-09-30 | State Street Corporation | 6% | 57,413,342 | $6,533,638,494 |
| 2024-09-30 | JP Morgan Chase & Company | 3% | 29,903,350 | $3,403,001,321 |
| 2024-09-30 | Cohen & Steers Inc. | 3% | 27,449,221 | $3,123,721,433 |
| 2024-09-30 | Geode Capital Management, LLC | 2% | 20,761,980 | $2,362,713,387 |
| 2024-09-30 | Morgan Stanley | 2% | 20,056,882 | $2,282,473,232 |
| 2024-09-30 | Apg Asset Management US Inc. | 2% | 19,804,666 | $2,253,771,051 |
| 2024-09-30 | Bank of America Corporation | 2% | 19,461,081 | $2,214,671,077 |
| 2024-09-30 | Massachusetts Financial Services Co. | 2% | 16,261,892 | $1,850,603,359 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Prologis.
