Plymouth Industrial REIT, Inc. (NYSE:PLYM) Stock Holdings Lifted by Fmr LLC

Fmr LLC grew its position in Plymouth Industrial REIT, Inc. (NYSE:PLYM) by 0.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,693,332 shares of the company’s stock after purchasing an additional 4,573 shares during the period. Fmr LLC owned about 5.93% of Plymouth Industrial REIT worth $60,869,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Jennison Associates LLC grew its stake in shares of Plymouth Industrial REIT by 4.1% in the 3rd quarter. Jennison Associates LLC now owns 4,401,384 shares of the company’s stock valued at $99,471,000 after buying an additional 174,836 shares in the last quarter. Westwood Holdings Group Inc. lifted its stake in Plymouth Industrial REIT by 1.0% in the second quarter. Westwood Holdings Group Inc. now owns 2,964,075 shares of the company’s stock valued at $63,372,000 after acquiring an additional 28,272 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Plymouth Industrial REIT by 24.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 910,751 shares of the company’s stock worth $20,583,000 after acquiring an additional 180,003 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Plymouth Industrial REIT by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 536,974 shares of the company’s stock worth $11,480,000 after purchasing an additional 4,265 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in shares of Plymouth Industrial REIT by 6.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 455,092 shares of the company’s stock valued at $10,285,000 after purchasing an additional 27,463 shares in the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Plymouth Industrial REIT news, Director Pendleton P. Jr. White purchased 5,000 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were purchased at an average price 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. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey E. Witherell acquired 2,000 shares of Plymouth Industrial REIT stock in a transaction dated Friday, November 15th. The shares were acquired at an average cost of $18.49 per share, with a total value of $36,980.00. Following the completion of the acquisition, the chief executive officer now directly owns 252,248 shares in the company, valued at $4,664,065.52. This trade represents a 0.80 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on PLYM shares. Barclays decreased their price objective on shares of 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. BMO Capital Markets lowered their price objective on 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. Robert W. Baird reduced their target price on Plymouth Industrial REIT from $26.00 to $25.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. Truist Financial decreased their target price on Plymouth Industrial REIT from $27.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, November 29th. Finally, JMP Securities restated a “market outperform” rating and issued a $27.00 price objective on shares of Plymouth Industrial REIT in a research note 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $24.33.

Plymouth Industrial REIT Stock Performance

Shares of NYSE PLYM opened at $18.54 on Friday. Plymouth Industrial REIT, Inc. has a 12 month low of $18.08 and a 12 month high of $25.55. The company has a market cap of $841.51 million, a P/E ratio of 927.00, a P/E/G ratio of 1.44 and a beta of 1.34. The business’s 50 day moving average is $20.36 and its two-hundred day moving average is $21.76. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 5.18%. The ex-dividend date of this dividend was Monday, September 30th. Plymouth Industrial REIT’s dividend payout ratio (DPR) is presently 4,800.00%.

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.