Janney Montgomery Scott LLC acquired a new position in shares of Plymouth Industrial REIT (NYSE:PLYM - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,025 shares of the company's stock, valued at approximately $408,000. Janney Montgomery Scott LLC owned 0.05% of Plymouth Industrial REIT at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC increased its stake in shares of Plymouth Industrial REIT by 6,862.5% in the 1st quarter. GAMMA Investing LLC now owns 3,342 shares of the company's stock valued at $54,000 after purchasing an additional 3,294 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Plymouth Industrial REIT by 25.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 258,599 shares of the company's stock valued at $4,603,000 after acquiring an additional 53,012 shares in the last quarter. PharVision Advisers LLC acquired a new stake in shares of Plymouth Industrial REIT during the 4th quarter valued at $241,000. Westwood Holdings Group Inc. boosted its holdings in shares of Plymouth Industrial REIT by 33.0% during the 4th quarter. Westwood Holdings Group Inc. now owns 3,631,111 shares of the company's stock valued at $64,634,000 after acquiring an additional 901,251 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its holdings in shares of Plymouth Industrial REIT by 0.6% during the 4th quarter. Two Sigma Advisers LP now owns 185,700 shares of the company's stock valued at $3,305,000 after acquiring an additional 1,100 shares in the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
PLYM has been the topic of a number of research reports. Robert W. Baird dropped their price target on Plymouth Industrial REIT from $20.00 to $19.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th. Wedbush raised Plymouth Industrial REIT to a "hold" rating in a report on Wednesday, July 2nd. Truist Financial decreased their price objective on Plymouth Industrial REIT from $20.00 to $18.00 and set a "hold" rating for the company in a report on Monday, March 24th. KeyCorp decreased their price objective on Plymouth Industrial REIT from $23.00 to $18.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Wall Street Zen lowered Plymouth Industrial REIT from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $21.10.
Check Out Our Latest Stock Analysis on Plymouth Industrial REIT
Plymouth Industrial REIT Trading Down 2.8%
NYSE:PLYM traded down $0.45 during mid-day trading on Monday, hitting $15.90. 353,779 shares of the stock traded hands, compared to its average volume of 338,586. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $724.25 million, a price-to-earnings ratio of 5.21 and a beta of 1.11. The firm's 50 day moving average is $16.10 and its two-hundred day moving average is $16.29. Plymouth Industrial REIT has a 52 week low of $12.70 and a 52 week high of $24.71.
Plymouth Industrial REIT (NYSE:PLYM - Get Free Report) last posted 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). Plymouth Industrial REIT had a net margin of 71.08% and a return on equity of 26.42%. The firm had revenue of $45.57 million for the quarter, compared to analysts' expectations of $47.69 million. On average, equities research analysts predict that Plymouth Industrial REIT will post 1.83 earnings per share for the current year.
Plymouth Industrial REIT Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.96 dividend on an annualized basis and a yield of 6.04%. Plymouth Industrial REIT's payout ratio is 31.48%.
About Plymouth Industrial REIT
(
Free Report)
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.
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