Mesirow Institutional Investment Management Inc. bought a new stake in Plymouth Industrial REIT, Inc. (NYSE:PLYM - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 586,117 shares of the company's stock, valued at approximately $10,433,000. Mesirow Institutional Investment Management Inc. owned 1.29% of Plymouth Industrial REIT at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in shares of Plymouth Industrial REIT by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 567,836 shares of the company's stock valued at $10,108,000 after purchasing an additional 9,883 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its stake in shares of Plymouth Industrial REIT by 14.7% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 52,310 shares of the company's stock worth $929,000 after buying an additional 6,703 shares during the last quarter. Marshall Wace LLP boosted its position in shares of Plymouth Industrial REIT by 40.4% in the 4th quarter. Marshall Wace LLP now owns 157,397 shares of the company's stock worth $2,802,000 after buying an additional 45,256 shares in the last quarter. Keeley Teton Advisors LLC grew its stake in Plymouth Industrial REIT by 11.0% in the 4th quarter. Keeley Teton Advisors LLC now owns 168,121 shares of the company's stock valued at $2,993,000 after acquiring an additional 16,623 shares during the last quarter. Finally, Barclays PLC increased its holdings in Plymouth Industrial REIT by 37.7% during the 4th quarter. Barclays PLC now owns 86,919 shares of the company's stock valued at $1,548,000 after acquiring an additional 23,818 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company's stock.
Plymouth Industrial REIT Stock Performance
PLYM stock traded down $0.12 during trading on Friday, reaching $14.49. 123,892 shares of the company's stock were exchanged, compared to its average volume of 302,244. The company's fifty day moving average price is $15.94 and its 200-day moving average price is $17.67. 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 $659.81 million, a PE ratio of 723.00 and a beta of 1.19. Plymouth Industrial REIT, Inc. has a 1-year low of $12.70 and a 1-year high of $24.71.
Plymouth Industrial REIT Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 6.63%. The ex-dividend date is Monday, March 31st. Plymouth Industrial REIT's dividend payout ratio (DPR) is currently 31.37%.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on PLYM. KeyCorp cut 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 research report on Tuesday, April 8th. Barclays reduced their target price 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. JMP Securities reiterated a "market outperform" rating and set a $27.00 price objective on shares of Plymouth Industrial REIT in a report on Tuesday, January 14th. JPMorgan Chase & Co. lowered their price objective on shares of Plymouth Industrial REIT from $20.00 to $19.00 and set an "underweight" rating for the company in a research note on Tuesday, January 14th. Finally, Robert W. Baird dropped their price objective 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. One equities research 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 data from MarketBeat.com, Plymouth Industrial REIT has a consensus rating of "Hold" and an average target price of $21.20.
Get Our Latest Stock Report on Plymouth Industrial REIT
Plymouth Industrial REIT 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.
Featured Stories
Before you consider Plymouth Industrial REIT, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Plymouth Industrial REIT wasn't on the list.
While Plymouth Industrial REIT currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
