NEW YORK ( TheStreet) -- ProLogis Inc (NYSE: PLD) hit a new 52-week low Monday as it is currently trading at $23.92, below its previous 52-week low of $23.94 with 992,762 shares traded as of 11:46 a.m. ET. Average volume has been 4.8 million shares over the past 30 days.

ProLogis has a market cap of $11.7 billion and is part of the financial sector and real estate industry. Shares are down 23.5% year to date as of the close of trading on Friday.

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.
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TheStreet Ratings rates ProLogis as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow and feeble growth in its earnings per share. You can view the full ProLogis Ratings Report.

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