F M Investments LLC Sells 190,911 Shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM)

F M Investments LLC cut its position in Plymouth Industrial REIT, Inc. (NYSE:PLYM - Free Report) by 67.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 94,140 shares of the company's stock after selling 190,911 shares during the quarter. F M Investments LLC owned about 0.21% of Plymouth Industrial REIT worth $1,676,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PLYM. Quadrant Capital Group LLC raised its holdings in shares of Plymouth Industrial REIT by 38.1% during the 4th quarter. Quadrant Capital Group LLC now owns 3,060 shares of the company's stock worth $54,000 after buying an additional 844 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Plymouth Industrial REIT in the 4th quarter valued at approximately $148,000. SG Americas Securities LLC grew its holdings in shares of Plymouth Industrial REIT by 15.0% during the 4th 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 last quarter. Los Angeles Capital Management LLC acquired a new position in Plymouth Industrial REIT during the 4th quarter worth approximately $194,000. Finally, ZWJ Investment Counsel Inc. acquired a new stake in Plymouth Industrial REIT in the fourth quarter valued at approximately $203,000. 92.67% of the stock is owned by institutional investors and hedge funds.

Plymouth Industrial REIT Stock Up 2.0 %

Shares of NYSE PLYM traded up $0.29 during midday trading on Thursday, hitting $14.60. 125,236 shares of the stock traded hands, compared to its average volume of 301,425. 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 one year low of $12.70 and a one year high of $24.71. The business has a 50 day moving average price of $16.18 and a two-hundred day moving average price of $17.98. The company has a market cap of $664.82 million, a PE ratio of 730.75 and a beta of 1.19.

Plymouth Industrial REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.24 per share. The ex-dividend date is Monday, March 31st. This represents a $0.96 annualized dividend and a yield of 6.58%. Plymouth Industrial REIT's payout ratio is 31.37%.

Wall Street Analyst Weigh In

PLYM has been the topic of several recent research reports. KeyCorp cut their target price 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. Truist Financial lowered their target price on Plymouth Industrial REIT from $20.00 to $18.00 and set a "hold" rating for the company in a research report on Monday, March 24th. Wedbush set a $17.00 price target on Plymouth Industrial REIT in a research note on Friday, February 28th. JPMorgan Chase & Co. cut their price objective on Plymouth Industrial REIT from $20.00 to $19.00 and set an "underweight" rating on the stock in a research note on Tuesday, January 14th. Finally, Barclays dropped their price target on shares of Plymouth Industrial REIT from $22.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Monday, March 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $21.20.

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.