Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Real Estate industry lower today making it today's featured Real Estate laggard. The industry as a whole closed the day down 0.1%. By the end of trading, Prologis fell 44 cents (-1.3%) to $33.23 on light volume. Throughout the day, 1.8 million shares of Prologis exchanged hands as compared to its average daily volume of 3.1 million shares. The stock ranged in price between $32.96-$33.65 after having opened the day at $33.62 as compared to the previous trading day's close of $33.67. Other companies within the Real Estate industry that declined today were:
), down 8.3%,
), down 5.7%,
), down 3.6%, and
), down 3.3%.
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Prologis Inc. is an independent equity real estate investment trust. It invests in the real estate markets across the globe. The firm engages in the ownership, development, management, and leasing of industrial distribution and retail properties. Prologis has a market cap of $15.32 billion and is part of the
sector. The company has a P/E ratio of 51.9, below the average real estate industry P/E ratio of 73.9 and above the S&P 500 P/E ratio of 17.7. Shares are up 18.2% year to date as of the close of trading on Tuesday. Currently there are seven analysts that rate Prologis a buy, no analysts rate it a sell, and six rate it a hold.
TheStreet Ratings rates Prologis as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's profit margins have been poor overall.
- You can view the full Prologis Ratings Report.
On the positive front,
), up 6.6%,
), up 6.5%,
), up 4.4%, and
), up 3.8%, were all gainers within the real estate industry with
) being today's featured real estate industry leader.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the real estate industry could consider
) while those bearish on the real estate industry could consider
- Find other investment ideas from our top rated ETFs lists.