Horizon Investments LLC Boosts Stock Position in Prologis, Inc. $PLD

Key Points

• Horizon Investments LLC boosted its Prologis stake by 161% in Q4 to 61,656 shares (worth about $7.87 million), while institutional investors collectively own 93.5% of the company.
• Prologis beat Q1 estimates (EPS $1.05 vs. $0.81; revenue $2.30B vs. $2.12B) and set FY2026 guidance of $6.07–$6.23 EPS, roughly in line with the analyst consensus of 6.17.
• The company announced a quarterly dividend of $1.07 (annualized $4.28, ~3.0% yield), but its reported payout ratio is elevated at 107.81%.

Horizon Investments LLC boosted its holdings in Prologis, Inc. (NYSE:PLD - Free Report) by 161.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,656 shares of the real estate investment trust's stock after purchasing an additional 38,034 shares during the period. Horizon Investments LLC's holdings in Prologis were worth $7,871,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of PLD. Vanguard Group Inc. boosted its position in Prologis by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust's stock worth $15,743,451,000 after purchasing an additional 1,258,407 shares during the last quarter. Amundi boosted its position in Prologis by 22.0% in the third quarter. Amundi now owns 5,651,563 shares of the real estate investment trust's stock worth $661,968,000 after purchasing an additional 1,020,819 shares during the last quarter. Federated Hermes Inc. boosted its position in Prologis by 30.3% in the third quarter. Federated Hermes Inc. now owns 4,256,236 shares of the real estate investment trust's stock worth $487,424,000 after purchasing an additional 988,986 shares during the last quarter. Mondrian Investment Partners LTD purchased a new position in Prologis in the third quarter worth $112,141,000. Finally, Capital International Investors boosted its position in Prologis by 15.0% in the third quarter. Capital International Investors now owns 7,247,383 shares of the real estate investment trust's stock worth $829,970,000 after purchasing an additional 946,847 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company's stock.

Prologis Stock Performance

Shares of PLD opened at $141.53 on Friday. The firm has a market cap of $131.94 billion, a PE ratio of 35.65, a PEG ratio of 3.12 and a beta of 1.34. The stock's fifty day moving average price is $136.77 and its two-hundred day moving average price is $131.52. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.16 and a quick ratio of 0.58. Prologis, Inc. has a 1 year low of $103.02 and a 1 year high of $145.44.

Prologis (NYSE:PLD - Get Free Report) last issued its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.24. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.12 billion. Prologis had a return on equity of 6.46% and a net margin of 41.54%.The business's revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, equities research analysts forecast that Prologis, Inc. will post 6.17 EPS for the current year.

Prologis Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a $1.07 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $4.28 annualized dividend and a dividend yield of 3.0%. Prologis's payout ratio is presently 107.81%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on PLD shares. Evercore set a $135.00 price objective on Prologis in a research report on Friday, April 17th. Robert W. Baird boosted their price objective on Prologis from $133.00 to $136.00 and gave the stock a "neutral" rating in a research report on Friday, April 17th. Freedom Capital cut Prologis from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 23rd. Mizuho boosted their target price on Prologis from $143.00 to $150.00 and gave the company an "outperform" rating in a research note on Wednesday, April 22nd. Finally, BNP Paribas Exane boosted their target price on Prologis from $140.00 to $150.00 and gave the company an "outperform" rating in a research note on Friday, April 17th. Fifteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $147.90.

Prologis Profile

Prologis, Inc is a real estate investment trust (REIT) specializing in logistics and distribution facilities. The company focuses on acquiring, developing, and managing high-quality industrial real estate assets that support supply chain infrastructure for third-party logistics providers, e-commerce businesses, retailers and manufacturers. Its portfolio primarily consists of warehouse and distribution centers designed to optimize goods movement and storage near key transportation hubs.

With a global presence, Prologis serves customers across the Americas, Europe and Asia Pacific.

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