Mizuho Upgrade Spikes Prologis Trading to $430M Surge Ranking 219th in Active Stocks

On August 19, 2025, Prologis (NYSE:PLD) saw a surge in trading activity with a volume of $430 million, doubling from the previous day’s total and ranking 219th among active stocks. The industrial REIT closed with a 5.05% gain, reflecting renewed investor interest following a strategic upgrade from Mizuho Securities.

Mizuho upgraded Prologis to Outperform from Neutral, marking its first positive call on the industrial REIT sector in over two years. The firm highlighted improved macroeconomic conditions, potential occupancy growth into 2026, and reduced execution risks as key drivers. Prologis has underperformed the broader REIT sector by approximately 400 basis points in recent weeks, trading at a 5% discount. Mizuho set a $118 price target, a 12% upside from current levels, based on a 20x multiple of 2025 funds from operations, which accounts for its lower risk profile and stronger growth outlook compared to peers.

The analyst noted a 26% sequential increase in proposed new leases to 136 million square feet in Q2 2025, signaling stronger demand. Prologis’ market share in leasing has also risen, supported by minimal lease expirations in late 2025 and its strategic advantages: geographic diversification, large tenant exposure, and operational scale. Mizuho emphasized that Prologis is well-positioned to benefit from falling interest rates and a recovery in logistics demand driven by e-commerce and supply chain dynamics.

Backtesting a strategy of buying the top 500 stocks by daily trading volume and holding for one day from 2022 to 2025 showed a 1.98% average daily return. Over the past year, the total return was 7.61%, with a Sharpe ratio of 0.71, indicating limited risk-adjusted performance despite moderate stability.