5 Best Real Estate Stocks to Buy Now

2. Prologis, Inc. (NYSE:PLD)

Number of Hedge Fund Holders: 49

Prologis, Inc. (NYSE:PLD) is a San Francisco, California-based REIT that is focused on delivering logistics solutions by developing, and operating one of the biggest networks of logistics real estate in the world.

On October 24, Jeffrey Spector at Bank of America gave Prologis, Inc. (NYSE:PLD) stock a Buy rating and a target price of $140. The target price reflects a potential upside of over 35% from the closing price as of October 28. Spector noted that the company reported a strong outperformance on the core results for Q3 2022. The leasing spreads rose to 38.5% during Q3, and the analyst positively welcomed the increase in the company’s same-store net operating income (NOI) forecast.

The stock offers an annual forward dividend yield of 2.88% as of October 28. Analysts think Prologis, Inc. (NYSE:PLD) is one of the best real estate stocks as it has considerable pricing power, allowing it to maintain its growth levels and generate solid shareholder returns in the future.

Carillon Tower Advisers shared its stance on Prologis, Inc. (NYSE:PLD) in its Q2 2022 investor letter. Here’s what the firm said:

“Prologis, Inc. (NYSE:PLD) underperformed due to supply and demand concerns following the announcement that a major online retailer is slowing the rollout of new warehouses. However, we continue to believe that there is overwhelming demand for the company’s assets.”