Prologis (PLD) Draws Fresh Ownership Focus, Is The Stock Still Undervalued?

Prologis (PLD) has drawn fresh attention after multiple institutional investors disclosed positions in the real estate group under the UK Takeover Code. This has prompted questions about how this ownership base might influence sentiment around the stock. Recent trading tells a mixed story. Prologis shares are at US$129.49, with the 30 day share price return down 4.6% and the 90 day move down 8.1%. However, the 1 year total shareholder return of 20.1% points to momentum that has been building...