Plymouth Industrial REIT, Inc. (NYSE:PLYM) Holdings Decreased by Wellington Management Group LLP

Wellington Management Group LLP reduced its position in Plymouth Industrial REIT, Inc. (NYSE:PLYM - Free Report) by 63.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 486,681 shares of the company's stock after selling 855,780 shares during the period. Wellington Management Group LLP owned approximately 1.07% of Plymouth Industrial REIT worth $8,663,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of PLYM. Quadrant Capital Group LLC boosted its holdings 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 acquiring an additional 844 shares during the period. Quarry LP boosted its holdings in Plymouth Industrial REIT by 74.1% in the 4th quarter. Quarry LP now owns 3,191 shares of the company's stock worth $57,000 after acquiring an additional 1,358 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Plymouth Industrial REIT in the 4th quarter worth approximately $148,000. SG Americas Securities LLC boosted its holdings in Plymouth Industrial REIT by 15.0% in the 4th 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 period. Finally, Los Angeles Capital Management LLC purchased a new position in Plymouth Industrial REIT in the 4th quarter worth approximately $194,000. 92.67% of the stock is owned by institutional investors and hedge funds.

Plymouth Industrial REIT Stock Performance

PLYM traded down $0.06 during trading hours on Wednesday, hitting $16.16. 236,547 shares of the stock were exchanged, compared to its average volume of 318,974. The stock has a 50-day simple moving average of $15.31 and a 200-day simple moving average of $16.69. Plymouth Industrial REIT, Inc. has a 12 month low of $12.70 and a 12 month high of $24.71. The stock has a market cap of $736.06 million, a price-to-earnings ratio of 808.00 and a beta of 1.12. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.12 and a quick ratio of 0.12.

Plymouth Industrial REIT (NYSE:PLYM - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.44 earnings per share (EPS) 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. Analysts anticipate that Plymouth Industrial REIT, Inc. will post 1.83 earnings per share for the current year.

Plymouth Industrial REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 5.94%. The ex-dividend date of this dividend was Monday, March 31st. Plymouth Industrial REIT's payout ratio is 31.48%.

Analysts Set New Price Targets

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

Plymouth Industrial REIT 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.