54,822 Shares in Plymouth Industrial REIT, Inc. (NYSE:PLYM) Bought by Hsbc Holdings PLC

Hsbc Holdings PLC acquired a new position in Plymouth Industrial REIT, Inc. (NYSE:PLYM - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 54,822 shares of the company's stock, valued at approximately $972,000. Hsbc Holdings PLC owned 0.12% of Plymouth Industrial REIT at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Mesirow Institutional Investment Management Inc. bought a new position in shares of Plymouth Industrial REIT during the fourth quarter valued at about $10,433,000. Thompson Siegel & Walmsley LLC purchased a new position in Plymouth Industrial REIT during the 4th quarter valued at about $7,443,000. Heartland Advisors Inc. grew its stake in shares of Plymouth Industrial REIT by 75.5% in the 4th quarter. Heartland Advisors Inc. now owns 351,000 shares of the company's stock worth $6,248,000 after buying an additional 151,000 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Plymouth Industrial REIT by 120.6% during the fourth quarter. Invesco Ltd. now owns 151,769 shares of the company's stock valued at $2,701,000 after acquiring an additional 82,965 shares in the last quarter. Finally, ExodusPoint Capital Management LP bought a new position in Plymouth Industrial REIT in the 4th quarter valued at approximately $1,399,000. 92.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on PLYM shares. Robert W. Baird reduced their price objective on Plymouth Industrial REIT from $20.00 to $19.00 and set an "outperform" rating for the company in a research report on Thursday. Wedbush set a $17.00 target price on shares of Plymouth Industrial REIT in a research report on Friday, February 28th. KeyCorp dropped their price objective on shares of Plymouth Industrial REIT from $23.00 to $18.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. JPMorgan Chase & Co. decreased their price objective on shares of Plymouth Industrial REIT from $20.00 to $19.00 and set an "underweight" rating for the company in a research note on Tuesday, January 14th. Finally, Barclays decreased their price target on shares of Plymouth Industrial REIT from $22.00 to $18.00 and set an "equal weight" rating for the company in a research note on Monday, March 31st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $21.10.

Plymouth Industrial REIT Price Performance

Plymouth Industrial REIT stock traded up $0.10 during midday trading on Friday, reaching $15.65. The company's stock had a trading volume of 44,232 shares, compared to its average volume of 311,349. The firm has a market capitalization of $712.83 million, a PE ratio of 782.50 and a beta of 1.11. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.12 and a current ratio of 0.12. The stock's 50 day simple moving average is $15.62 and its 200 day simple moving average is $17.24. Plymouth Industrial REIT, Inc. has a fifty-two week low of $12.70 and a fifty-two week high of $24.71.

Plymouth Industrial REIT (NYSE:PLYM - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $0.45 by ($0.01). The company had revenue of $45.57 million for the quarter, compared to analysts' expectations of $47.69 million. Plymouth Industrial REIT had a return on equity of 0.20% and a net margin of 0.46%. On average, equities research analysts forecast that Plymouth Industrial REIT, Inc. will post 1.83 earnings per share for the current year.

Plymouth Industrial REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were given a $0.24 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.96 annualized dividend and a dividend yield of 6.13%. Plymouth Industrial REIT's payout ratio is 31.48%.

About Plymouth Industrial REIT

Plymouth Industrial REIT, Inc NYSE: PLYM is a full service, vertically integrated real estate investment company focused on the acquisition, ownership and management of single and multi-tenant industrial properties. Our mission is to provide tenants with cost effective space that is functional, flexible and safe.