Prologis(PLD)
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The Zacks Analyst Blog Verizon, Prologis, Medtronic and Crimson
ZACKS· 2024-09-16 11:21
Group 1: Verizon Communications Inc. (VZ) - Verizon's shares have increased by +22.2% year-to-date, compared to the Zacks Wireless National industry's gain of +27.7% [2] - The company is expected to benefit from the deployment of a cloud-native, container-based, virtualized architecture, enhancing flexibility, scalability, and cost efficiency [2] - Customer-focused planning and steady infrastructure investments are positive factors, while lower wireline and wireless equipment revenues, high promotional expenses, and a muted guidance for 2024 are concerns [3] Group 2: Prologis, Inc. (PLD) - Prologis' shares have risen by +7.9% over the past year, against the Zacks REIT and Equity Trust - Other industry's gain of +25.7% [4] - Projected rental revenues for 2024 are expected to increase by 10.4% year-over-year, supported by a strong portfolio of strategically located industrial facilities [4] - However, high interest rates and a volatile environment may affect net absorptions, with a projected 12.2% year-over-year rise in interest expenses for 2024 [5] Group 3: Medtronic plc (MDT) - Medtronic's shares have gained +13.6% over the past year, compared to the Zacks Medical - Products industry's gain of +20.2% [6] - The company is expanding its global presence to meet the demand for advanced medical devices, particularly in the Cardiovascular segment [6][7] - Innovations and market expansion efforts are helping Medtronic offset inflation and supply disruptions, supported by a strong liquidity position [7] Group 4: Crimson Wine Group, Ltd. (CWGL) - Crimson Wine's shares have outperformed the Zacks Beverages - Alcohol industry year-to-date, with a gain of +0.9% compared to -6.2% [8] - The company has a market capitalization of $123.36 million and a robust balance sheet with $16.86 million in cash and low debt [8] - However, risks include declining sales in wholesale and direct-to-consumer channels, rising operating expenses, and exposure to climate risks [9]
Here's Why You Should Hold Prologis Stock in Your Portfolio
ZACKS· 2024-09-13 16:55
Prologis (PLD) is well-poised to benefit from its portfolio of strategically located modern logistics facilities in some of the world’s busiest distribution markets and substantial scale. Strategic buyouts and development activities appear promising. A solid balance sheet aids its growth endeavors.However, the choppiness in the industrial real estate market and subdued demand remain a concern for Prologis. High borrowing expenses amid elevated interest rates add to its woes.What’s Aiding Prologis?Prologis p ...
Why Prologis (PLD) Outpaced the Stock Market Today
ZACKS· 2024-09-10 23:00
Prologis (PLD) closed the latest trading day at $132.40, indicating a +1.65% change from the previous session's end. This change outpaced the S&P 500's 0.45% gain on the day. At the same time, the Dow lost 0.23%, and the tech-heavy Nasdaq gained 0.84%.Shares of the industrial real estate developer have appreciated by 8.55% over the course of the past month, outperforming the Finance sector's gain of 4.51% and the S&P 500's gain of 2.54%.Analysts and investors alike will be keeping a close eye on the perform ...
Prologis, Inc. (PLD) 2024 Bank of America Global Real Estate Conference (Transcript)
2024-09-10 19:10
Prologis, Inc. (NYSE:PLD) 2024 Bank of America Global Real Estate Conference Call September 10, 2024 12:45 PM ET Company Participants Tim Arndt - Chief Financial Officer Conference Call Participants Camille Bonnel - Bank of America Camille Bonnel Good afternoon and welcome everyone to our afternoon session with Prologis. My name is Camille Bonnel; I am the Industrial REIT Analyst here at Bank of America. And I'd like to welcome back Tim Arndt, CFO. And many of you might be meeting Justin Mang for the first ...
Prologis to Participate in BofA Securities 2024 Global Real Estate Conference
Prnewswire· 2024-09-05 21:00
Company Overview - Prologis, Inc. is the global leader in logistics real estate, focusing on high-barrier, high-growth markets [2] - As of June 30, 2024, the company owned or had investments in properties and development projects totaling approximately 1.2 billion square feet (115 million square meters) across 19 countries [2] - Prologis leases modern logistics facilities to around 6,700 customers, primarily in business-to-business and retail/online fulfillment sectors [2] Upcoming Events - Tim Arndt, the chief financial officer of Prologis, will present at the BofA Securities 2024 Global Real Estate Conference on September 10, 2024, at 12:45 p.m. ET [1] - The presentation will be available via live audio webcast [1]
Prologis Declares Quarterly Dividend
Prnewswire· 2024-09-03 23:11
SAN FRANCISCO, Sept. 3, 2024 /PRNewswire/ -- The Board of Directors of Prologis, Inc. (NYSE: PLD) declared a regular cash dividend for the quarter ending September 30, 2024, on the following securities:A dividend of $0.96 per share of the company's common stock, payable on September 30, 2024, to common stockholders of record at the close of business on September 16, 2024; andA dividend of $1.0675 per share of the company's 8.54% Series Q Cumulative Redeemable Preferred Stock, payable on September 30, 2024, ...
Prologis (PLD) Rises As Market Takes a Dip: Key Facts
ZACKS· 2024-09-03 23:01
Prologis (PLD) closed at $128.37 in the latest trading session, marking a +0.43% move from the prior day. This move outpaced the S&P 500's daily loss of 2.12%. On the other hand, the Dow registered a loss of 1.51%, and the technology-centric Nasdaq decreased by 3.26%.The industrial real estate developer's stock has climbed by 7.47% in the past month, exceeding the Finance sector's gain of 7.46% and the S&P 500's gain of 5.78%.Market participants will be closely following the financial results of Prologis in ...
Prologis Up 19% in Three Months: Will It Continue to Rise?
ZACKS· 2024-09-02 16:35
Shares of Prologis Inc. (PLD) have rallied 19% in the past three months, outperforming the industry's growth of 16.1%.This industrial real estate investment trust (REIT) targets investments in distribution facilities for customers who are engaged in global trade and depend on the efficient movement of goods through the global supply chain. Apart from having a solid portfolio and gaining from healthy industry fundamentals, PLD stock is benefiting from the narrative surrounding the interest rate cut in the ne ...
Prologis (PLD) Rises But Trails Market: What Investors Should Know
ZACKS· 2024-08-27 23:01
Prologis (PLD) closed the most recent trading day at $128.94, moving +0.03% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 0.16%. Elsewhere, the Dow saw an upswing of 0.02%, while the tech-heavy Nasdaq appreciated by 0.16%.Shares of the industrial real estate developer have appreciated by 3.99% over the course of the past month, outperforming the Finance sector's gain of 2.12% and the S&P 500's gain of 2.97%.Analysts and investors alike will be keeping a clos ...
Fitch Ratings Ratifies Fibra Prologis´ Rating
Prnewswire· 2024-08-27 01:14
MEXICO CITY, Aug. 26, 2024 /PRNewswire/ -- FIBRA Prologis (BMV:FIBRAPL 14), a leading owner and operator of Class-A industrial real estate in Mexico, announces today that Fitch Ratings ratified our credit rating of BBB with a stable outlook. This rating is one notch above the Mexican sovereign (BBB-/Stable).A securities rating is not a recommendation to buy, sell or hold securities and is subject to revision or withdrawal at any time by the rating organization.ABOUT FIBRA PROLOGISFIBRA Prologis is a leading ...