Westwood Holdings Group Inc. Has $64.63 Million Holdings in Plymouth Industrial REIT, Inc. (NYSE:PLYM)

Westwood Holdings Group Inc. grew its position in Plymouth Industrial REIT, Inc. (NYSE:PLYM - Free Report) by 33.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,631,111 shares of the company's stock after purchasing an additional 901,251 shares during the period. Westwood Holdings Group Inc. owned approximately 8.00% of Plymouth Industrial REIT worth $64,634,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of PLYM. Mesirow Institutional Investment Management Inc. bought a new position in Plymouth Industrial REIT in the 4th quarter worth about $10,433,000. Adage Capital Partners GP L.L.C. bought a new position in Plymouth Industrial REIT in the 4th quarter worth about $9,612,000. Thompson Siegel & Walmsley LLC bought a new position in Plymouth Industrial REIT in the 4th quarter worth about $7,443,000. Heartland Advisors Inc. grew its position in Plymouth Industrial REIT by 75.5% in the 4th quarter. Heartland Advisors Inc. now owns 351,000 shares of the company's stock worth $6,248,000 after purchasing an additional 151,000 shares during the last quarter. Finally, Invesco Ltd. grew its position in Plymouth Industrial REIT by 120.6% in the 4th quarter. Invesco Ltd. now owns 151,769 shares of the company's stock worth $2,701,000 after purchasing an additional 82,965 shares during the last quarter. Institutional investors own 92.67% of the company's stock.

Wall Street Analyst Weigh In

PLYM has been the subject of several recent analyst reports. Truist Financial decreased their price objective on shares of Plymouth Industrial REIT from $20.00 to $18.00 and set a "hold" rating for the company in a report on Monday, March 24th. Wedbush set a $17.00 price objective on shares of Plymouth Industrial REIT in a report on Friday, February 28th. Barclays decreased their price objective on shares of Plymouth Industrial REIT from $22.00 to $18.00 and set an "equal weight" rating for the company in a report on Monday, March 31st. Robert W. Baird decreased their price objective on shares of Plymouth Industrial REIT from $20.00 to $19.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. Finally, KeyCorp decreased their price objective on shares of Plymouth Industrial REIT from $23.00 to $18.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. One investment 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. Based on data from MarketBeat.com, Plymouth Industrial REIT presently has an average rating of "Hold" and an average price target of $21.10.

Plymouth Industrial REIT Stock Down 0.3%

Shares of PLYM traded down $0.06 during mid-day trading on Friday, hitting $15.95. 259,196 shares of the company's stock were exchanged, compared to its average volume of 318,484. The firm has a fifty day moving average of $15.44 and a two-hundred day moving average of $16.90. Plymouth Industrial REIT, Inc. has a twelve month low of $12.70 and a twelve month high of $24.71. The stock has a market cap of $726.26 million, a price-to-earnings ratio of 797.25 and a beta of 1.11. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 1.42.

Plymouth Industrial REIT (NYSE:PLYM - Get Free Report) last announced its quarterly 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). Plymouth Industrial REIT had a return on equity of 0.20% and a net margin of 0.46%. The business had revenue of $45.57 million for the quarter, compared to analyst estimates of $47.69 million. On average, sell-side analysts forecast that Plymouth Industrial REIT, Inc. will post 1.83 earnings per share for the current year.

Plymouth Industrial REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.02%. The ex-dividend date was Monday, March 31st. Plymouth Industrial REIT's payout ratio is 31.48%.

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.