Man Group plc Has $1.11 Million Position in Plymouth Industrial REIT, Inc. (NYSE:PLYM)

Man Group plc trimmed its holdings in shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM - Free Report) by 39.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 62,199 shares of the company's stock after selling 40,796 shares during the period. Man Group plc owned about 0.14% of Plymouth Industrial REIT worth $1,107,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in PLYM. Quadrant Capital Group LLC boosted its stake in Plymouth Industrial REIT by 38.1% in the 4th quarter. Quadrant Capital Group LLC now owns 3,060 shares of the company's stock worth $54,000 after purchasing an additional 844 shares during the period. Quarry LP boosted its stake in shares of Plymouth Industrial REIT by 74.1% during the 4th quarter. Quarry LP now owns 3,191 shares of the company's stock valued at $57,000 after buying an additional 1,358 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Plymouth Industrial REIT during the 4th quarter valued at $148,000. SG Americas Securities LLC boosted its stake in shares of Plymouth Industrial REIT by 15.0% during the 4th quarter. SG Americas Securities LLC now owns 10,390 shares of the company's stock valued at $185,000 after buying an additional 1,358 shares during the period. Finally, Los Angeles Capital Management LLC bought a new position in Plymouth Industrial REIT in the 4th quarter worth $194,000. 92.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on PLYM shares. KeyCorp dropped their target price 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. Wedbush set a $17.00 target price on shares of Plymouth Industrial REIT in a research note on Friday, February 28th. Truist Financial lowered 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 research note on Monday, March 24th. Barclays lowered their target price on shares of Plymouth Industrial REIT from $22.00 to $18.00 and set an "equal weight" rating on the stock in a research note on Monday, March 31st. Finally, Robert W. Baird lowered their target price on shares of 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $21.10.

Plymouth Industrial REIT Price Performance

Plymouth Industrial REIT stock traded up $0.34 during trading hours on Thursday, hitting $16.48. 46,094 shares of the stock were exchanged, compared to its average volume of 318,572. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.12 and a current ratio of 0.12. The stock has a market capitalization of $750.40 million, a P/E ratio of 823.50 and a beta of 1.11. Plymouth Industrial REIT, Inc. has a 12 month low of $12.70 and a 12 month high of $24.71. The business's 50-day moving average is $15.37 and its two-hundred day moving average is $16.80.

Plymouth Industrial REIT (NYSE:PLYM - Get Free Report) last issued its quarterly earnings data 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). Plymouth Industrial REIT had a return on equity of 0.20% and a net margin of 0.46%. The firm had revenue of $45.57 million for the quarter, compared to the consensus estimate of $47.69 million. Equities research analysts expect that Plymouth Industrial REIT, Inc. will post 1.83 EPS for the current fiscal year.

Plymouth Industrial REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were issued a $0.24 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.96 annualized dividend and a yield of 5.83%. Plymouth Industrial REIT's dividend 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.