Public Employees Retirement System of Ohio Grows Position in Plymouth Industrial REIT, Inc. (NYSE:PLYM)

Public Employees Retirement System of Ohio boosted its holdings in shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM - Free Report) by 25.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 258,599 shares of the company's stock after buying an additional 53,012 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.57% of Plymouth Industrial REIT worth $4,603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC lifted its position in 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 acquiring an additional 844 shares during the period. Quarry LP raised its stake in shares of Plymouth Industrial REIT by 74.1% in the fourth quarter. Quarry LP now owns 3,191 shares of the company's stock worth $57,000 after purchasing an additional 1,358 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Plymouth Industrial REIT in the fourth quarter worth about $148,000. SG Americas Securities LLC lifted its holdings in shares of Plymouth Industrial REIT by 15.0% during the fourth quarter. SG Americas Securities LLC now owns 10,390 shares of the company's stock worth $185,000 after purchasing an additional 1,358 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new stake in Plymouth Industrial REIT in the fourth quarter valued at approximately $194,000. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on PLYM shares. Robert W. Baird cut their price target on shares of Plymouth Industrial REIT from $20.00 to $19.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. Wedbush set a $17.00 price objective on shares of Plymouth Industrial REIT in a report on Friday, February 28th. Truist Financial cut 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. Barclays decreased their target price on shares of Plymouth Industrial REIT from $22.00 to $18.00 and set an "equal weight" rating for the company in a research report on Monday, March 31st. Finally, KeyCorp lowered their price target 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. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Plymouth Industrial REIT has an average rating of "Hold" and a consensus target price of $21.10.

Plymouth Industrial REIT Stock Performance

NYSE PLYM traded down $0.06 during mid-day trading on Monday, reaching $16.15. 221,861 shares of the stock were exchanged, compared to its average volume of 319,256. The company has a market capitalization of $735.37 million, a P/E ratio of 807.25 and a beta of 1.11. 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 business's 50 day moving average is $15.33 and its 200-day moving average is $16.70. Plymouth Industrial REIT, Inc. has a 1 year low of $12.70 and a 1 year high of $24.71.

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 analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $47.69 million. On average, equities research analysts forecast that Plymouth Industrial REIT, Inc. will post 1.83 EPS for the current fiscal year.

Plymouth Industrial REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.96 dividend on an annualized basis and a yield of 5.95%. 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.