Prologis Inc (PLD): Today's Featured Real Estate Loser
(
) pushed the Real Estate industry lower today making it today's featured Real Estate loser. The industry as a whole closed the day down 0.2%. By the end of trading, Prologis fell 40 cents (-1.2%) to $31.80 on average volume. Throughout the day, 2.5 million shares of Prologis exchanged hands as compared to its average daily volume of 2.9 million shares. The stock ranged in price between $31.62-$32.31 after having opened the day at $32.31 as compared to the previous trading day's close of $32.20. Other company's within the Real Estate industry that declined today were:
(
), down 20.6%,
Income Opportunity Realty Investors
(
), down 10.5%,
(
), down 10.3%, and
(
), down 8.8%.
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 $14.24 billion and is part of the
sector. The company has a P/E ratio of 257.8, above the S&P 500 P/E ratio of 17.7. Shares are up 8.2% year to date as of the close of trading on Monday. 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, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins.
- You can view the full Prologis Ratings Report.
On the positive front,
(
), up 9.8%,
(
), up 6.3%,
(
), up 5.3%, and
(
), up 4.8%, were all gainers within the real estate industry with
(
) being today's featured real estate industry winner.
- Use our real estate section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the real estate industry could consider
iShares Dow Jones US Real Estate
(
) while those bearish on the real estate industry could consider
ProShares Short Real Estate Fund
(
).
- Find other investment ideas from our top rated ETFs lists.
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