Marshall Wace LLP Has $2.80 Million Stock Position in Plymouth Industrial REIT, Inc. (NYSE:PLYM)

Marshall Wace LLP boosted its stake in shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM - Free Report) by 40.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 157,397 shares of the company's stock after purchasing an additional 45,256 shares during the quarter. Marshall Wace LLP owned about 0.35% of Plymouth Industrial REIT worth $2,802,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Keeley Teton Advisors LLC lifted its holdings in Plymouth Industrial REIT by 11.0% during the 4th quarter. Keeley Teton Advisors LLC now owns 168,121 shares of the company's stock worth $2,993,000 after purchasing an additional 16,623 shares during the last quarter. Barclays PLC increased its position in Plymouth Industrial REIT by 37.7% during the 4th quarter. Barclays PLC now owns 86,919 shares of the company's stock worth $1,548,000 after buying an additional 23,818 shares during the period. Legal & General Group Plc lifted its holdings in shares of Plymouth Industrial REIT by 17.3% during the fourth quarter. Legal & General Group Plc now owns 41,472 shares of the company's stock worth $738,000 after buying an additional 6,119 shares in the last quarter. Invesco Ltd. boosted its position in shares of Plymouth Industrial REIT by 120.6% in the fourth quarter. Invesco Ltd. now owns 151,769 shares of the company's stock valued at $2,701,000 after acquiring an additional 82,965 shares during the period. Finally, Polymer Capital Management US LLC acquired a new position in shares of Plymouth Industrial REIT in the fourth quarter valued at about $236,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on the stock. JMP Securities reiterated a "market outperform" rating and issued a $27.00 price objective on shares of Plymouth Industrial REIT in a research note on Tuesday, January 14th. Robert W. Baird dropped their price target on shares of Plymouth Industrial REIT from $21.00 to $20.00 and set an "outperform" rating for the company in a research report on Wednesday, March 5th. Truist Financial reduced their price target 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. JPMorgan Chase & Co. reduced their target price on Plymouth Industrial REIT from $20.00 to $19.00 and set an "underweight" rating on the stock in a report on Tuesday, January 14th. Finally, Wedbush set a $17.00 price objective on shares of Plymouth Industrial REIT in a research note on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $21.20.

Plymouth Industrial REIT Price Performance

Shares of Plymouth Industrial REIT stock traded up $0.27 during midday trading on Friday, hitting $15.25. 263,500 shares of the company traded hands, compared to its average volume of 308,550. The stock has a market cap of $694.65 million, a price-to-earnings ratio of 762.75 and a beta of 1.19. 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 firm's fifty day moving average price is $15.77 and its 200-day moving average price is $17.45. Plymouth Industrial REIT, Inc. has a 12 month low of $12.70 and a 12 month high of $24.71.

Plymouth Industrial REIT (NYSE:PLYM - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.44 earnings per share 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. As a group, 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 declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 6.30%. The ex-dividend date was Monday, March 31st. Plymouth Industrial REIT's dividend payout ratio (DPR) is currently 31.37%.

About Plymouth Industrial REIT

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.