Citi analyst Nicholas Joseph raised the firm’s price target on Prologis to $140 from $120 and keeps a Buy rating on the shares. The analyst also added the shares to CIti’s Focus The supply constraints present in the coastal infill markets will support demand and occupancy levels, leading to premium market rent growth overall and upside in the mark-to-market of the portfolio, Joseph tells investors in a research note.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on PLD:
- Prologis Declares Quarterly Dividend
- Director of Prologis O’Connor buys over $1M in company shares
- Which Assets Can Boost Portfolio Returns Going into 2023?
- Prologis Stock (NYSE:PLD): Strong Momentum and Dividend Growth Support Bullish Thesis
- HD vs. PLD vs. AMT: 3 Dividend Stocks with High Smart Scores
