5 Best Strong Buy Stocks to Invest In

4. Prologis, Inc. (NYSE: PLD)

Number of Hedge Fund Holders: 39

Prologis, Inc. (NYSE: PLD) is a San Francisco-based real estate investment trust focused on high growth markets. It is ranked fourth on our list of 15 best strong buy stocks to invest in. The company’s shares have returned 25% to investors over the past twelve months. On July 20, the firm posted earnings for the second quarter, reporting a revenue of more than $1 billion, up 8% compared to the revenue over the same period last year and in line with market estimates. The firm also raised guidance numbers for the fiscal year. 

On July 21, investment advisory Raymond James maintained a Strong Buy rating on Prologis, Inc. (NYSE: PLD) stock and raised the price target to $143 from $138. The stock is presently trading at around $127.6.

Out of the hedge funds being tracked by Insider Monkey, Washington-based investment firm AEW Capital Management is a leading shareholder in Prologis, Inc. (NYSE: PLD) with 2.1 million shares worth more than $227 million. 

In its Q1 2021 investor letter, Third Avenue Management, an asset management firm, highlighted a few stocks and Prologis, Inc. (NYSE: PLD) was one of them. Here is what the fund said:

“Prologis, Inc. (a U.S.-based real estate investment trust that is the largest owner of modern logistic facilities with a platform that expands more than 950 million square feet of space in 19 countries globally) completing $2.0 billion USD of debt placements at a weighted average interest rate of 0.9% with an average term of more than 13 years. In the process, the company has further solidified one of the most compelling capital structures in the real estate industry with a prudent loan-to-value ratio of approximately 25% that is primarily comprised of fixed-rate debt at an average cost of 1.8% for a term that exceeds 10 years. As a result, the long-tenured management at Prologis (including one of the true leaders in the real estate space CEO Hamid Moghadam) have set up the company for what could be a very rewarding period ahead as incremental rental income and asset management fees seem likely to accrue disproportionately to shareholders on the “bottom-line” with its interest costs locked-in.”