5 Best Warehouse and Self-Storage Stocks to Buy

2. Prologis, Inc. (NYSE:PLD)

Number of Hedge Fund Holders: 49

Prologis, Inc. (NYSE:PLD) is a logistics REIT headquartered in San Francisco, California, United States. The firm has access to close to a billion square feet of property in 19 countries.

Not only is Prologis, Inc. (NYSE:PLD) the largest industrial real estate company in the world, but its consensus net asset value (NAV) of $145 per share suggests that it is undervalued. It counts Amazon, Home Depot, and FedEx as its tenants, with Amazon making up 5.7% of its annualized net lease value. Additionally, in a unique point, Prologis, Inc. (NYSE:PLD) is also the third largest private solar provider in America, through its efforts to install solar panels on its warehouses. The firm has a 10% 5-year FFO CAGR and 11% 5-year dividend CAGR, higher than the industry average. It pays a 79 cent dividend for a 2.3% yield.

49 of the 894 hedge funds surveyed by Insider Monkey for their June quarter of 2022 holdings had held a stake in Prologis, Inc. (NYSE:PLD).

Prologis, Inc. (NYSE:PLD)’s largest investor is Jeffrey Furber’s AEW Capital Management which owns 2.5 million shares that are worth $294 million.