Advisor Resource Council bought a new position in Plymouth Industrial REIT (NYSE:PLYM - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 42,050 shares of the company's stock, valued at approximately $643,000. Advisor Resource Council owned about 0.09% of Plymouth Industrial REIT as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Westwood Holdings Group Inc. raised its holdings in shares of Plymouth Industrial REIT by 33.0% during the fourth quarter. Westwood Holdings Group Inc. now owns 3,631,111 shares of the company's stock valued at $64,634,000 after purchasing an additional 901,251 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Plymouth Industrial REIT by 1.7% in the fourth quarter. JPMorgan Chase & Co. now owns 906,149 shares of the company's stock worth $16,129,000 after purchasing an additional 15,496 shares during the last quarter. Mesirow Institutional Investment Management Inc. bought a new stake in Plymouth Industrial REIT in the 4th quarter worth approximately $10,433,000. Dimensional Fund Advisors LP raised its stake in Plymouth Industrial REIT by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 567,836 shares of the company's stock valued at $10,108,000 after buying an additional 9,883 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. purchased a new stake in Plymouth Industrial REIT during the 4th quarter valued at $9,612,000. Institutional investors own 92.67% of the company's stock.
Plymouth Industrial REIT Stock Performance
Shares of PLYM stock traded down $0.64 during trading hours on Wednesday, reaching $16.13. 507,829 shares of the company traded hands, compared to its average volume of 333,313. The firm has a 50-day moving average price of $15.81 and a 200 day moving average price of $16.46. The company has a market cap of $734.72 million, a P/E ratio of 9.21 and a beta of 1.12. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.27 and a quick ratio of 0.27. Plymouth Industrial REIT 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 issued its quarterly 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 firm had revenue of $45.57 million for the quarter, compared to analysts' expectations of $47.69 million. Plymouth Industrial REIT had a net margin of 71.08% and a return on equity of 26.42%. As a group, sell-side analysts predict that Plymouth Industrial REIT will post 1.83 earnings per share for the current fiscal year.
Plymouth Industrial REIT Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 5.95%. The ex-dividend date of this dividend is Monday, June 30th. Plymouth Industrial REIT's dividend payout ratio is currently 31.48%.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on PLYM. 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. Wall Street Zen cut Plymouth Industrial REIT from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Wedbush set a $17.00 price target on Plymouth Industrial REIT in a research note on Friday, February 28th. Truist Financial lowered their price objective on shares of Plymouth Industrial REIT from $20.00 to $18.00 and set a "hold" rating on the stock in a research note on Monday, March 24th. Finally, KeyCorp dropped their price objective on shares of Plymouth Industrial REIT from $23.00 to $18.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to MarketBeat, Plymouth Industrial REIT presently has an average rating of "Hold" and a consensus target price of $21.10.
Get 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.
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