Adams Asset Advisors LLC grew its holdings in shares of Plymouth Industrial REIT (NYSE:PLYM - Free Report) by 29.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 77,732 shares of the company's stock after purchasing an additional 17,732 shares during the quarter. Adams Asset Advisors LLC owned approximately 0.17% of Plymouth Industrial REIT worth $1,267,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in PLYM. Asset Management One Co. Ltd. increased its holdings in shares of Plymouth Industrial REIT by 4.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 57,243 shares of the company's stock worth $1,015,000 after buying an additional 2,408 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Plymouth Industrial REIT by 1.4% during the 4th quarter. Rhumbline Advisers now owns 73,529 shares of the company's stock worth $1,309,000 after buying an additional 1,010 shares during the last quarter. State of New Jersey Common Pension Fund D increased its holdings in shares of Plymouth Industrial REIT by 6.5% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 246,404 shares of the company's stock worth $4,386,000 after buying an additional 15,029 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Plymouth Industrial REIT by 22.4% during the 4th quarter. Bank of New York Mellon Corp now owns 224,504 shares of the company's stock worth $3,996,000 after buying an additional 41,033 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Plymouth Industrial REIT during the 4th quarter worth $194,000. Hedge funds and other institutional investors own 92.67% of the company's stock.
Plymouth Industrial REIT Stock Up 0.0%
Shares of Plymouth Industrial REIT stock traded up $0.00 during trading hours on Friday, hitting $16.45. 464,698 shares of the company's stock traded hands, compared to its average volume of 329,778. The stock has a 50 day simple moving average of $15.71 and a 200-day simple moving average of $16.50. 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 company has a market cap of $749.34 million, a PE ratio of 5.39 and a beta of 1.12. Plymouth Industrial REIT has a twelve month low of $12.70 and a twelve month high of $24.71.
Plymouth Industrial REIT (NYSE:PLYM - Get Free Report) last announced 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 business had revenue of $45.57 million for the quarter, compared to analyst estimates of $47.69 million. Plymouth Industrial REIT had a net margin of 71.08% and a return on equity of 26.42%. Equities research analysts anticipate that Plymouth Industrial REIT will post 1.83 earnings per share for the current fiscal year.
Plymouth Industrial REIT Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders 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 annualized dividend and a dividend yield of 5.84%. Plymouth Industrial REIT's dividend payout ratio is presently 31.48%.
Analyst Ratings Changes
PLYM has been the subject of a number of research analyst reports. Robert W. Baird dropped their price objective on 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 Plymouth Industrial REIT from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Truist Financial lowered their price target 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. Barclays lowered their price target on Plymouth Industrial REIT from $22.00 to $18.00 and set an "equal weight" rating for the company in a report on Monday, March 31st. Finally, Wedbush set a $17.00 price target on Plymouth Industrial REIT in a report on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Plymouth Industrial REIT currently has a consensus rating of "Hold" and an average price target of $21.10.
Read Our Latest Analysis on PLYM
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.
See Also
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
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
