Prologis Inc. (PLD), a global leader in industrial real estate, converted an Illinois warehouse into a turnkey data center and plans an $8B investment to expand its data center empire. A total of 16,831 shares have been acquired by Sanctuary Advisors. In addition, Franklin Resources, and United Services Automobile Association among others have sold PLD shares. The stock was downgraded to 'Outperform' from 'Strong Buy' at Raymond James, which reiterated their 'Outperform' rating.
Prologis' financial performance outstanding with third quarter results showing promising performance and was among the best REIT dividend stocks to buy for 2024. In market dynamics, despite the market's dip, Prologis managed to gain positive traction. Interestingly, Prologis has been adding to its stock holdings in several banks including TD Private Client Wealth and the Bank of Canada. Prologis remains a strategic acquisition with organizations like Groupama Asset Management and Worldquant Millennium Advisors investing heavily.
Prologis continues to innovate, releasing its inaugural Supply Chain Intelligence Report and appearing on UBS’ list of Stocks for the AI, Growth & Low Rates Era. It is also implementing eco-friendly initiatives like launching new EV truck charging depot, powered by nation's largest EV truck microgrid in collaboration with Performance Team - A Maersk Company.
Prologis PLD News Analytics from Wed, 17 Jan 2024 08:00:00 GMT to Sat, 14 Dec 2024 12:11:58 GMT - Rating 4 - Innovation 7 - Information 7 - Rumor 4
