Here's the Next Stock I'm Going to Buy
The overall stock market has performed quite well in 2023, but the real estate sector is a big exception. Rising interest rates tend to put pressure on income-focused stocks, as well as commercial real estate valuations in general, and real estate investment trusts, or REITs, are paying the price.
While nobody likes watching their stocks go down, the recent underperformance in the REIT world has created some excellent opportunities for long-term investors to add industry leaders to their portfolios at a rare discount. One such company is leading industrial REIT Prologis (NYSE: PLD), which I'm finally planning to add to my portfolio after years of watching from the sidelines.
Prologis is a real estate investment trust, or REIT (pronounced "reet"), that specializes in industrial properties. The company refers to its properties as "logistics" real estate, with warehouses, fulfillment centers, and other properties that help businesses store and move products around the world. Amazon (NASDAQ: AMZN) and its massive fulfillment centers are an example of a Prologis tenant, and other top tenants include FedEx (NYSE: FDX), Walmart (NYSE: WMT), Home Depot (NYSE: HD), and (NYSE: UPS), just to name a few.
Source Fool.com
United Parcel Service Inc. Stock
With 19 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 157 € shows a positive potential of 33.96% compared to the current price of 117.2 € for United Parcel Service Inc..
