Two Sigma Investments LP cut its position in Plymouth Industrial REIT, Inc. (NYSE:PLYM - Free Report) by 26.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 229,848 shares of the company's stock after selling 82,651 shares during the period. Two Sigma Investments LP owned 0.51% of Plymouth Industrial REIT worth $4,091,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently made changes to their positions in PLYM. SG Americas Securities LLC boosted its stake in shares of Plymouth Industrial REIT by 15.0% in the fourth quarter. SG Americas Securities LLC now owns 10,390 shares of the company's stock worth $185,000 after acquiring an additional 1,358 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Plymouth Industrial REIT by 2.4% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 41,353 shares of the company's stock worth $736,000 after acquiring an additional 952 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Plymouth Industrial REIT by 4.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 57,243 shares of the company's stock worth $1,015,000 after acquiring an additional 2,408 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Plymouth Industrial REIT by 1.4% in the fourth quarter. Rhumbline Advisers now owns 73,529 shares of the company's stock worth $1,309,000 after acquiring an additional 1,010 shares during the last quarter. Finally, Meixler Investment Management Ltd. lifted its position in Plymouth Industrial REIT by 129.0% during the fourth quarter. Meixler Investment Management Ltd. now owns 48,813 shares of the company's stock worth $869,000 after buying an additional 27,500 shares in the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.
Plymouth Industrial REIT Trading Down 0.3%
NYSE:PLYM traded down $0.06 on Monday, reaching $16.15. The company's stock had a trading volume of 221,861 shares, compared to its average volume of 319,255. Plymouth Industrial REIT, Inc. has a 12-month low of $12.70 and a 12-month high of $24.71. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 1.42. The firm has a market cap of $735.37 million, a price-to-earnings ratio of 807.25 and a beta of 1.11. The stock has a 50 day moving average price of $15.33 and a 200 day moving average price of $16.70.
Plymouth Industrial REIT (NYSE:PLYM - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $0.45 by ($0.01). Plymouth Industrial REIT had a net margin of 0.46% and a return on equity of 0.20%. The business had revenue of $45.57 million during the quarter, compared to analysts' expectations of $47.69 million. On average, equities analysts anticipate that Plymouth Industrial REIT, Inc. will post 1.83 EPS for the current fiscal year.
Plymouth Industrial REIT Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were paid a $0.24 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.95%. Plymouth Industrial REIT's payout ratio is presently 31.48%.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the company. Robert W. Baird reduced their price objective 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. KeyCorp reduced their price objective 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 reduced their price objective on Plymouth Industrial REIT from $20.00 to $18.00 and set a "hold" rating on the stock in a research report on Monday, March 24th. Wedbush set a $17.00 price objective on Plymouth Industrial REIT in a research report on Friday, February 28th. Finally, Barclays reduced their price objective 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Plymouth Industrial REIT has an average rating of "Hold" and a consensus price target of $21.10.
View Our Latest Report on Plymouth Industrial REIT
Plymouth Industrial REIT Company Profile
(
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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