Janney Montgomery Scott LLC purchased a new stake in Plymouth Industrial REIT (NYSE:PLYM - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,025 shares of the company's stock, valued at approximately $408,000. Janney Montgomery Scott LLC owned about 0.05% of Plymouth Industrial REIT as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings 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 increased its position in Plymouth Industrial REIT by 25.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 258,599 shares of the company's stock worth $4,603,000 after buying an additional 53,012 shares during the period. PharVision Advisers LLC purchased a new stake in Plymouth Industrial REIT in the fourth quarter valued at approximately $241,000. Westwood Holdings Group Inc. lifted its stake in Plymouth Industrial REIT by 33.0% in the fourth quarter. Westwood Holdings Group Inc. now owns 3,631,111 shares of the company's stock valued at $64,634,000 after buying an additional 901,251 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its holdings in shares of Plymouth Industrial REIT by 0.6% in the fourth 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 during the period. 92.67% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities analysts have recently commented on PLYM shares. Truist Financial cut 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. Robert W. Baird reduced their target price on shares of Plymouth Industrial REIT from $20.00 to $19.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. Wall Street Zen downgraded shares of Plymouth Industrial REIT from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Wedbush raised Plymouth Industrial REIT to a "hold" rating in a report on Wednesday. Finally, KeyCorp reduced their price objective on 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. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Plymouth Industrial REIT currently has a consensus rating of "Hold" and a consensus target price of $21.10.
Read Our Latest Stock Analysis on PLYM
Plymouth Industrial REIT Price Performance
Shares of PLYM traded up $0.11 during mid-day trading on Friday, hitting $16.35. The company's stock had a trading volume of 257,370 shares, compared to its average volume of 337,662. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 1.08. Plymouth Industrial REIT has a 1-year low of $12.70 and a 1-year high of $24.71. The firm has a market capitalization of $744.74 million, a P/E ratio of 5.36 and a beta of 1.11. The firm has a 50-day simple moving average of $16.05 and a 200 day simple moving average of $16.35.
Plymouth Industrial REIT (NYSE:PLYM - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.01). Plymouth Industrial REIT had a return on equity of 26.42% and a net margin of 71.08%. The company had revenue of $45.57 million for the quarter, compared to analysts' expectations of $47.69 million. Analysts predict that Plymouth Industrial REIT will post 1.83 EPS for the current fiscal year.
Plymouth Industrial REIT Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be given a dividend of $0.24 per share. The ex-dividend date is Monday, June 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.87%. Plymouth Industrial REIT's payout ratio is 31.48%.
Plymouth Industrial REIT Company Profile
(
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.
Further Reading
Before you consider Plymouth Industrial REIT, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Plymouth Industrial REIT wasn't on the list.
While Plymouth Industrial REIT currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
