Prologis stock is trading -19.25% below its average target price of $130.33 after dropping -1.5% during today's morning session. Analysts are giving the Large-Cap Specialty Real Estate Investment Trust company an average rating of buy and target prices ranging from $104.0 to $154.0 per share.
The stock has a very low short interest at 1.5%, and a short ratio of 2.85. The company's insiders own 0.27% 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 95.6% 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 | $12,725,107,601 |
| 2024-09-30 | Blackrock Inc. | 10% | 95,055,992 | $10,003,692,395 |
| 2024-09-30 | State Street Corporation | 6% | 57,413,342 | $6,042,179,989 |
| 2024-06-30 | JP Morgan Chase & Company | 4% | 34,186,484 | $3,597,785,503 |
| 2024-09-30 | Cohen & Steers Inc. | 3% | 27,449,221 | $2,888,755,959 |
| 2024-09-30 | Geode Capital Management, LLC | 2% | 20,761,980 | $2,184,990,730 |
| 2024-09-30 | Morgan Stanley | 2% | 20,056,882 | $2,110,786,218 |
| 2024-09-30 | Apg Asset Management US Inc. | 2% | 19,804,666 | $2,084,243,007 |
| 2024-09-30 | Bank of America Corporation | 2% | 19,461,081 | $2,048,084,122 |
| 2024-09-30 | Massachusetts Financial Services Co. | 2% | 16,261,892 | $1,711,401,479 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Prologis.
