Madison International Realty Holdings LLC Has $67.18 Million Stock Holdings in Plymouth Industrial REIT (NYSE:PLYM)

Madison International Realty Holdings LLC reduced its stake in shares of Plymouth Industrial REIT (NYSE:PLYM - Free Report) by 3.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,121,393 shares of the company's stock after selling 160,273 shares during the period. Plymouth Industrial REIT accounts for 39.4% of Madison International Realty Holdings LLC's portfolio, making the stock its 2nd biggest holding. Madison International Realty Holdings LLC owned 9.05% of Plymouth Industrial REIT worth $67,179,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Quadrant Capital Group LLC lifted its stake in shares of Plymouth Industrial REIT by 38.1% during 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 last quarter. Quarry LP boosted its stake in Plymouth Industrial REIT by 74.1% during the fourth quarter. Quarry LP now owns 3,191 shares of the company's stock worth $57,000 after buying an additional 1,358 shares during the last quarter. GAMMA Investing LLC raised its position 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 purchasing an additional 3,294 shares during the period. Copeland Capital Management LLC raised its holdings in shares of Plymouth Industrial REIT by 79.9% in the 1st quarter. Copeland Capital Management LLC now owns 3,509 shares of the company's stock valued at $57,000 after buying an additional 1,558 shares during the period. Finally, New York State Teachers Retirement System purchased a new stake in Plymouth Industrial REIT during the 1st quarter worth about $60,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on PLYM shares. Wedbush raised Plymouth Industrial REIT to a "hold" rating in a research note on Wednesday, July 2nd. Truist Financial cut their target price on Plymouth Industrial REIT from $20.00 to $18.00 and set a "hold" rating for the company in a research note on Monday, March 24th. KeyCorp dropped 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. 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 research note on Thursday, May 8th. Finally, Wall Street Zen downgraded Plymouth Industrial REIT from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Plymouth Industrial REIT currently has an average rating of "Hold" and an average price target of $21.10.

Plymouth Industrial REIT Stock Up 0.5%

PLYM stock traded up $0.07 during midday trading on Friday, hitting $15.46. The company's stock had a trading volume of 329,574 shares, compared to its average volume of 343,562. 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 twelve month low of $12.70 and a twelve month high of $24.71. The company's fifty day moving average price is $16.21 and its 200 day moving average price is $16.18. The stock has a market capitalization of $704.17 million, a P/E ratio of 5.07 and a beta of 1.11.

Plymouth Industrial REIT (NYSE:PLYM - Get Free Report) last announced 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). The company had revenue of $45.57 million for the quarter, compared to the consensus estimate of $47.69 million. Plymouth Industrial REIT had a return on equity of 26.42% and a net margin of 71.08%. As a group, equities research analysts predict that Plymouth Industrial REIT will post 1.83 EPS for the current year.

Plymouth Industrial REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 6.21%. The ex-dividend date is Monday, June 30th. Plymouth Industrial REIT's payout ratio is 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.