Prologis, Inc. (PLD) has been an active player in recent market scenarios. Despite a volatile market, the real estate company has seen steady growth. It reported positive Q2 earnings results, while simultaneously boosting its outlook, and also declared a
quarterly dividend. The company's stock has increased by 19% in the past three months, outperforming market returns. However, the company faced a dip when it reduced its 2024 guidance. Several investment firms, including Waverton Investment Management Ltd and New York Life Investment Management LLC, have purchased sizeable quantities of PLD shares. Varma Mutual Pension Insurance Co sold a significant number of shares, while Weaver Capital Management LLC reduced its position in PLD. National Bank of Canada FI has increased its position in PLD. The firm has made headlines for its
tax treatment of 2023 dividends and achieves a
500-megawatt solar milestone. Analysts maintain a positive outlook on Prologis due to its strong leasing activity and strategic developments. However, the company's VP, Gene Reilly, announced his retirement. In the wake of waning revenue, Prologis is looking positively at data centers and AI.
Prologis PLD News Analytics from Tue, 17 Oct 2023 07:00:00 GMT to Sun, 08 Sep 2024 16:16:16 GMT -
Rating 6
- Innovation 4
- Information 7
- Rumor -3
