20 Most Profitable Stocks of the Last 20 Years

12. Prologis, Inc. (NYSE:PLD)

Net Income (TTM): $3.20 billion

Operating Margin: 39.78%

Market Capitalization: $120.95 billion

The twelfth stock on our list of most profitable stocks is Prologis, Inc. (NYSE:PLD).

TheFly reported on January 23 that Freedom Capital Markets downgraded PLD from a Buy to a Hold rating and cited the stock’s valuation as it nears its target. The firm raised its price target to $138 from $134. The analyst pointed out that despite the downgrade, PLD’s Q4 report demonstrated the quality of its portfolio and the robustness of its business model, especially as the U.S. industrial real estate market continues to stabilize.

Conversely, a day earlier on January 22, BMO Capital Markets raised its price target for Prologis, Inc. (NYSE:PLD) to $123 from $119 while maintaining a Market Perform rating. The increase reflects a higher net asset valuation. The firm highlighted PLD’s improving near-term earnings, strong institutional support, and a “positive inflection point” in industrial fundamentals, but noted the shares still trade at a significant premium to its industrial and data center REIT peers.

Prologis, Inc. (NYSE:PLD) is a global leader in logistics real estate, specializing in industrial warehouses and distribution centers. The company owns, manages, and develops high-quality properties that support supply chains for e-commerce, retail, and manufacturing clients.