Prologis Rises On Unusually High Volume (PLD)

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.

NEW YORK ( TheStreet) -- Prologis (NYSE: PLD) is trading at unusually high volume Friday with 11.1 million shares changing hands. It is currently at 3.1 times its average daily volume and trading up 76 cents (+2.1%) at $36.36 as of 4:05 p.m. ET.

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Prologis has a market cap of $18.24 billion and is part of the financial sector and real estate industry. Shares are down 2.4% year to date as of the close of trading on Thursday.

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.

TheStreet Ratings rates Prologis as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and weak operating cash flow. You can view the full Prologis Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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