5 Best Warehouse and Self Storage Stocks to Buy

2. Prologis, Inc. (NYSE:PLD)

Number of Hedge Fund Holders: 40

Prologis, Inc. (NYSE:PLD) offers curated warehouse solutions to its clients at scale, and they take care of related labor, operations, and transportation for customers as well.

At the end of June, 40 hedge funds in Insider Monkey’s elite database reported owning stakes in Prologis, Inc. (NYSE:PLD), up from 39 in the previous quarter. Jeffrey Furber’s AEW Capital Management is the largest stakeholder in the company. 

On July 19, the actual FFO of Prologis, Inc. (NYSE:PLD) for the second quarter was $1.01, beating analysts’ consensus estimates by $0.02. The revenue, however, missed estimates by $9.66 million at $1.01 billion. 

BTIG analyst Thomas Catherwood kept a Buy rating on Prologis, Inc. (NYSE:PLD), and raised the price target to $146 on October 8. The analyst predicted higher earnings for the company based on its strategic capital and customer solutions. 

Third Avenue Management mentioned Prologis, Inc. (NYSE:PLD) in one of its letters. Here is what they said about PLD in their Q1 2021 investor letter: 

“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.”