5 Best Stocks In Each Sector

4. Prologis, Inc. (NYSE:PLD)

Sector: Real Estate

Number of Hedge Fund Holders: 59

The real estate sector comprises companies engaged in the property and housing market. It includes companies that are involved in real estate development and operations. Equity Real Estate Investment Trusts (REITs) and businesses providing real estate-related services are also part of this sector.

Prologis, Inc. (NYSE:PLD) is a global real estate company that specializes in the acquisition, development, and management of the industrial real estate. The company is the largest provider of industrial real estate in the world, with a portfolio of more than 830 million square feet of properties in 20 countries.

On December 14, 2022, Nicholas Joseph, an analyst at Citi, increased his price target on Prologis, Inc. (NYSE:PLD) to $140 from $120 while keeping a Buy rating on the stock. According to the analyst, the supply restrictions in the coastal infill markets will underpin demand and occupancy levels, resulting in premium market rent increases and positive mark-to-market returns for the portfolio.

As per Insider Monkey’s database, 59 hedge funds had stakes in Prologis, Inc. (NYSE:PLD) at the end of the third quarter. AEW Capital Management remained the leading stakeholder in the company at the end of Q3 2022.