42,050 Shares in Plymouth Industrial REIT (NYSE:PLYM) Acquired by Advisor Resource Council

Advisor Resource Council bought a new position in shares of Plymouth Industrial REIT (NYSE:PLYM - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 42,050 shares of the company's stock, valued at approximately $643,000. Advisor Resource Council owned 0.09% of Plymouth Industrial REIT at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Adams Asset Advisors LLC increased its holdings in Plymouth Industrial REIT by 29.6% in the 1st quarter. Adams Asset Advisors LLC now owns 77,732 shares of the company's stock valued at $1,267,000 after buying an additional 17,732 shares during the period. Janney Montgomery Scott LLC bought a new position in Plymouth Industrial REIT in the first quarter valued at approximately $408,000. GAMMA Investing LLC increased its stake in Plymouth Industrial REIT by 6,862.5% in the first quarter. GAMMA Investing LLC now owns 3,342 shares of the company's stock valued at $54,000 after acquiring an additional 3,294 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in Plymouth Industrial REIT by 25.8% in the fourth 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 during the last quarter. Finally, PharVision Advisers LLC bought a new position in Plymouth Industrial REIT in the fourth quarter valued at approximately $241,000. 92.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wedbush set a $17.00 price target on Plymouth Industrial REIT in a research note on Friday, February 28th. Barclays decreased their target price on 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. KeyCorp decreased their target price on 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 decreased their price target 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. Finally, Robert W. Baird reduced their price target on Plymouth Industrial REIT from $20.00 to $19.00 and set an "outperform" rating on the stock in a research report on Thursday, May 8th. Two research 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 data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $21.10.

Plymouth Industrial REIT Stock Up 0.0%

NYSE:PLYM traded up $0.00 during trading hours on Friday, hitting $16.45. 464,698 shares of the company traded hands, compared to its average volume of 329,782. 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 firm's 50-day simple moving average is $15.71 and its 200-day simple moving average is $16.47. Plymouth Industrial REIT has a one year low of $12.70 and a one year high of $24.71. 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 (NYSE:PLYM - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.44 earnings per share 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 the consensus estimate of $47.69 million. Equities analysts predict that Plymouth Industrial REIT will post 1.83 earnings per share for the current year.

Plymouth Industrial REIT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors 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 annualized dividend and a yield of 5.84%. Plymouth Industrial REIT's payout ratio is currently 31.48%.

Plymouth Industrial REIT Company Profile

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.