Daiwa Securities Group Inc. Grows Position in Plymouth Industrial REIT, Inc. (NYSE:PLYM)

Daiwa Securities Group Inc. grew its stake in shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM) by 11.4% in the third quarter, Holdings Channel.com reports. The fund owned 12,834 shares of the company’s stock after purchasing an additional 1,317 shares during the period. Daiwa Securities Group Inc.’s holdings in Plymouth Industrial REIT were worth $290,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Plymouth Industrial REIT by 2.8% in the first quarter. Vanguard Group Inc. now owns 4,264,132 shares of the company’s stock worth $95,943,000 after acquiring an additional 115,318 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Plymouth Industrial REIT by 17.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,008 shares of the company’s stock valued at $293,000 after purchasing an additional 1,892 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in Plymouth Industrial REIT by 2.3% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 22,192 shares of the company’s stock valued at $470,000 after purchasing an additional 490 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of Plymouth Industrial REIT by 5.8% during the 1st quarter. Tidal Investments LLC now owns 19,915 shares of the company’s stock worth $448,000 after purchasing an additional 1,088 shares during the last quarter. Finally, Boston Partners grew its holdings in shares of Plymouth Industrial REIT by 105.4% during the first quarter. Boston Partners now owns 71,450 shares of the company’s stock worth $1,608,000 after buying an additional 36,667 shares in the last quarter. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Plymouth Industrial REIT Trading Down 0.4 %

NYSE PLYM opened at $18.74 on Monday. The firm has a market capitalization of $850.59 million, a price-to-earnings ratio of 937.00, a PEG ratio of 1.45 and a beta of 1.37. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.12 and a current ratio of 0.12. Plymouth Industrial REIT, Inc. has a one year low of $18.08 and a one year high of $25.55. The company’s 50 day moving average price is $20.69 and its 200 day moving average price is $21.84.

Plymouth Industrial REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 5.12%. The ex-dividend date was Monday, September 30th. Plymouth Industrial REIT’s dividend payout ratio (DPR) is presently 4,800.00%.

Insiders Place Their Bets

In other Plymouth Industrial REIT news, Director Pendleton P. Jr. White bought 5,000 shares of the stock in a transaction dated Friday, November 15th. The stock was bought at an average cost of $18.39 per share, for a total transaction of $91,950.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $91,950. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey E. Witherell bought 2,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were acquired at an average cost of $18.49 per share, for a total transaction of $36,980.00. Following the completion of the transaction, the chief executive officer now owns 252,248 shares of the company’s stock, valued at approximately $4,664,065.52. The trade was a 0.80 % increase in their position. The disclosure for this purchase can be found here. 1.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

PLYM has been the subject of several analyst reports. Barclays cut their price target on Plymouth Industrial REIT from $25.00 to $22.00 and set an “equal weight” rating for the company in a report on Monday, November 18th. Truist Financial dropped their target price on Plymouth Industrial REIT from $27.00 to $22.00 and set a “buy” rating for the company in a research note on Friday. BNP Paribas downgraded Plymouth Industrial REIT from an “outperform” rating to a “neutral” rating and set a $23.00 target price on the stock. in a research report on Friday, November 8th. JMP Securities restated a “market outperform” rating and issued a $27.00 price target on shares of Plymouth Industrial REIT in a report on Wednesday, August 28th. Finally, BMO Capital Markets cut their price objective on shares of Plymouth Industrial REIT from $26.00 to $25.00 and set a “market perform” rating on the stock in a report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Plymouth Industrial REIT has a consensus rating of “Hold” and a consensus target price of $24.33.

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.