Prologis Up 19% in Three Months: Will It Continue to Rise?
PLDPrologis(PLD) ZACKS·2024-09-03 00:35

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 ...