Hsbc Holdings PLC Purchases Shares of 54,822 Plymouth Industrial REIT, Inc. (NYSE:PLYM)

Hsbc Holdings PLC bought a new stake in Plymouth Industrial REIT, Inc. (NYSE:PLYM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 54,822 shares of the company's stock, valued at approximately $972,000. Hsbc Holdings PLC owned about 0.12% of Plymouth Industrial REIT at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Quadrant Capital Group LLC grew its stake in Plymouth Industrial REIT by 38.1% in the fourth quarter. Quadrant Capital Group LLC now owns 3,060 shares of the company's stock worth $54,000 after purchasing an additional 844 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Plymouth Industrial REIT during the fourth quarter valued at $148,000. SG Americas Securities LLC increased its stake in shares of Plymouth Industrial REIT by 15.0% in the fourth quarter. SG Americas Securities LLC now owns 10,390 shares of the company's stock valued at $185,000 after purchasing an additional 1,358 shares during the period. Los Angeles Capital Management LLC bought a new position in shares of Plymouth Industrial REIT in the fourth quarter worth $194,000. Finally, ZWJ Investment Counsel Inc. acquired a new stake in shares of Plymouth Industrial REIT in the 4th quarter worth approximately $203,000. Hedge funds and other institutional investors own 92.67% of the company's stock.

Plymouth Industrial REIT Stock Down 0.5 %

Shares of NYSE:PLYM traded down $0.08 during trading on Tuesday, reaching $15.25. 348,226 shares of the company traded hands, compared to its average volume of 310,917. Plymouth Industrial REIT, Inc. has a 1-year low of $12.70 and a 1-year high of $24.71. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 1.42. The firm has a market cap of $694.61 million, a P/E ratio of 762.50 and a beta of 1.11. The firm has a fifty day simple moving average of $15.70 and a 200 day simple moving average of $17.29.

Plymouth Industrial REIT (NYSE:PLYM - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.01). The firm had revenue of $45.57 million during the quarter, compared to analyst estimates of $47.69 million. Plymouth Industrial REIT had a return on equity of 0.20% and a net margin of 0.46%. Analysts anticipate that Plymouth Industrial REIT, Inc. will post 1.83 earnings per share for the current fiscal year.

Plymouth Industrial REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.30%. Plymouth Industrial REIT's dividend payout ratio is currently 31.48%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PLYM. Robert W. Baird lowered their price target on Plymouth Industrial REIT from $21.00 to $20.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 5th. Wedbush set a $17.00 price target on shares of Plymouth Industrial REIT in a report on Friday, February 28th. JMP Securities reaffirmed a "market outperform" rating and issued a $27.00 price objective on shares of Plymouth Industrial REIT in a research note on Tuesday, January 14th. Truist Financial dropped their target price on shares of Plymouth Industrial REIT from $20.00 to $18.00 and set a "hold" rating on the stock in a report on Monday, March 24th. Finally, KeyCorp decreased their price target on shares of Plymouth Industrial REIT from $23.00 to $18.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Plymouth Industrial REIT has an average rating of "Hold" and an average price target of $21.20.

Plymouth Industrial REIT Company Profile

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.