Plymouth Industrial REIT, Inc. (NYSE:PLYM) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its stake in Plymouth Industrial REIT, Inc. (NYSE:PLYM - Free Report) by 60.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,243 shares of the company's stock after selling 39,208 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.06% of Plymouth Industrial REIT worth $449,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of PLYM. KLP Kapitalforvaltning AS bought a new stake in shares of Plymouth Industrial REIT during the fourth quarter valued at about $148,000. SG Americas Securities LLC lifted its stake in Plymouth Industrial REIT by 15.0% in the 4th quarter. SG Americas Securities LLC now owns 10,390 shares of the company's stock worth $185,000 after purchasing an additional 1,358 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in Plymouth Industrial REIT in the 4th quarter valued at $194,000. ZWJ Investment Counsel Inc. bought a new position in shares of Plymouth Industrial REIT in the fourth quarter worth $203,000. Finally, Hennion & Walsh Asset Management Inc. raised its position in shares of Plymouth Industrial REIT by 30.2% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 11,628 shares of the company's stock worth $207,000 after buying an additional 2,697 shares in the last quarter. 92.67% of the stock is owned by institutional investors.

Plymouth Industrial REIT Stock Up 0.6 %

Plymouth Industrial REIT stock traded up $0.09 during midday trading on Friday, hitting $15.64. 33,056 shares of the company's stock were exchanged, compared to its average volume of 311,283. The company has a market cap of $712.37 million, a PE ratio of 782.00 and a beta of 1.11. The firm has a 50-day moving average of $15.62 and a two-hundred day moving average of $17.24. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.12 and a current ratio of 0.12. Plymouth Industrial REIT, Inc. has a 12 month low of $12.70 and a 12 month high of $24.71.

Plymouth Industrial REIT (NYSE:PLYM - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $0.45 by ($0.01). The company 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%. As a group, analysts expect that Plymouth Industrial REIT, Inc. will post 1.83 earnings per share for the current fiscal year.

Plymouth Industrial REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.14%. The ex-dividend date of this dividend was Monday, March 31st. Plymouth Industrial REIT's dividend payout ratio is presently 31.48%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. KeyCorp dropped their price target on Plymouth Industrial REIT from $23.00 to $18.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. decreased their price target on shares of Plymouth Industrial REIT from $20.00 to $19.00 and set an "underweight" rating on the stock in a report on Tuesday, January 14th. JMP Securities restated a "market outperform" rating and set a $27.00 price objective on shares of Plymouth Industrial REIT in a research report on Tuesday, January 14th. Barclays reduced their target price on Plymouth Industrial REIT from $22.00 to $18.00 and set an "equal weight" rating on the stock in a research note on Monday, March 31st. Finally, Robert W. Baird dropped their price target on Plymouth Industrial REIT from $20.00 to $19.00 and set an "outperform" rating for the company in a research note on Thursday. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Plymouth Industrial REIT has a consensus rating of "Hold" and an average target price of $21.10.

Plymouth Industrial REIT 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.