A real estate investment trust with its main office in San Francisco, California, called PROLOGIS INC. makes investments in logistics facilities. In June 2011, Prologis and AMB Property Corporation merged to form the new company, making Prologis the largest industrial real estate corporation in the world. The corporation controlled 5,495 structures totaling around 1.2 billion square feet as of December 2022, spread throughout 19 nations in North America, Latin America, Europe, and Asia. The Economist claims that their business strategy is centered on warehouses that are close to sizable urban centers where land is limited. About 6,600 tenants are served. In 2022, Prologis started growing its non-real estate division, Essentials, which sells solar energy, racking solutions, forklifts, generators, and technological equipment for EV charging infrastructure.
Abbey Moghadam and Company, an investment manager serving institutions, was founded in 1983 by Hamid Moghadam and Doug Abbey with a $50,000 line of credit. T. Robert Burke joined them in 1984 when they founded AMB Property Corporation to invest on behalf of big institutional investors in office, industrial, and neighborhood shopping centers. By making investments in industrial parks and retail malls during the savings and loan crisis, the company was able to minimize its financial losses, and in 1987 it started to withdraw from the office market. In 1989, AMB opened its first private equity fund with a concentration on commercial and retail properties.
Real estate investment trust PROLOGIS INC. specializes in the logistics real estate market. With a concentration on the consumer end of the international supply chain, the corporation owns, manages, and develops industrial real estate.
White papers and in-house market research, such as the weekly Industrial Business Indicator and the yearly Prologis Logistics Rent Index, have been released by the firm since 2016. Early in 2020, the business started publishing a number of special studies on the COVID-19 pandemic’s effects on the industry.
According to estimates made in September 2017 in collaboration with Oxford Economic Papers, the corporation, and its clients had a combined yearly economic impact of $200 billion and moved $1.3 trillion worth of goods through its premises. When the study was revised in December 2022, it showed a 23% growth over 2020 and that $2.7 trillion worth of goods manufactured or sold globally passed through PROLOGIS INC. facilities, accounting for 2.8% of the world’s GDP and having a $300 billion economic impact.
PROLOGIS INC. Analysis of Stock
According to data from July 13, 2023, at 11:40, there is a bullish general outlook for PLD stock, with 25 technical analysis signs indicating this and only one indicating a bearish outlook.
A projection based on the up/down trends over the last 30 days determines the Prologis stock price forecast for the following 30 days. The price of PROLOGIS INC. stock is expected to increase by 2.12% tomorrow and 1.13% over the course of the following seven days based on the present trend.
It’s useful to also look at Prologis’ price history to have a better picture of what might happen to the PLD stock price in the future. The PLD/USD pair has increased by 2.98% during the past month. The PLD/USD performance over a year is 2.92%.
The Moving Averages Convergence Divergence (MACD) indicator for Prologis (PLD) is 0.17, indicating that Prologis is a Sell.
With a share price of $125.24 and a 20-Day Exponential Moving Average of 121.98, Prologis (PLD) is a Buy.
With a 50-day exponential moving average of 121.95 and a share price of $125.24, Prologis (PLD) is a Buy.
The Moving Averages Convergence Divergence (MACD) indicator for PROLOGIS INC. (PLD) is 1.02, indicating that Prologis is a Buy.
With a share price of $125.24 and a 20-Day Exponential Moving Average of 121.95, Prologis (PLD) is a Buy.
With a 50-day exponential moving average of 121.56 and a share price of $125.24, Prologis (PLD) is a Buy.
The relative Strength Index (RSI) for Prologis (PLD) is 55.32, producing a Neutral signal.
The Trend Strength Indicator (ADX) for Prologis (PLD) is 12.28, indicating a Buy.
The Commodity Channel Index (CCI) for Prologis (PLD) is 71.22, producing a Neutral signal.
The price rate of change (ROC) for Prologis (PLD) is 1.10, generating a buy signal.
With a 10-Day exponential moving average of 122.75 and a share price of $125.24, Prologis (PLD) is a Buy.
With a share price of $125.24 and a 100-day exponential moving average of 119.55, Prologis (PLD) is a Buy.
With a price of $125.24 and a 50-day simple moving average of 118.65, Prologis (PLD) stock has a buy signal.
A sell signal has been generated by Prologis’s (PLD) stock price of $125.24 and its 100-day simple moving average of 127.62.
The 200-day simple moving average of Prologis (PLD) and the stock price of $125.24 produce a buy signal.
One of the most widely used tools for predicting Prologis stock is the moving average. A moving average, as its name suggests, gives the average closing price for the PLD stock over a chosen time period, which is split into a number of segments of equal duration. For instance, a 12-day simple moving average for PLD is the total of PLD’s closing prices divided by 12 for the previous 12 days.
The exponential moving average (EMA) is a different type of moving average that traders employ in addition to the simple moving average (SMA). The EMA responds to the current price movement more swiftly because it gives more weight to more recent prices.
The three moving averages of 50, 100, and 200 days are some of the most popular indicators used in the stock market to pinpoint crucial levels of support and resistance. Prologis stock price movements above any of these averages are typically interpreted as positive signals for the stock. On the other hand, a decline below a significant moving average is typically seen as a bad sign for the PLD market.
To predict the future course of the Prologis stock price, traders frequently like to utilize the RSI and Fibonacci retracement level indicators.
The predicted price of PROLOGIS INC. stock for tomorrow is $124.41, which would be a loss of -0.57% from the current price. The price of PLD is anticipated to drop by -1.58% and reach $ 123.14 in the upcoming week.
Here is what our current predictions for the long-term Prologis stock forecast indicate. These forecasts are based on PLD’s 10-year growth average.
- Prediction for Prologis stock in one year: $ 94.10 (-24.79%)
- 2025 stock price prediction for Prologis is $ 161.64 (29.19%)
- The 2030 price target for Prologis shares is $306.63 (145.08%)