Barclays PLC Buys 48,119 Shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM)

Barclays PLC lifted its holdings in Plymouth Industrial REIT, Inc. (NYSE:PLYM - Free Report) by 321.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 63,101 shares of the company's stock after acquiring an additional 48,119 shares during the period. Barclays PLC owned approximately 0.14% of Plymouth Industrial REIT worth $1,426,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of PLYM. Victory Capital Management Inc. raised its holdings in Plymouth Industrial REIT by 7.6% in the 2nd quarter. Victory Capital Management Inc. now owns 55,100 shares of the company's stock valued at $1,178,000 after acquiring an additional 3,900 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Plymouth Industrial REIT by 9.8% in the second quarter. Envestnet Asset Management Inc. now owns 198,431 shares of the company's stock valued at $4,242,000 after purchasing an additional 17,710 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Plymouth Industrial REIT by 0.8% during the second 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 period. Thrivent Financial for Lutherans grew its stake in Plymouth Industrial REIT by 0.6% during the second quarter. Thrivent Financial for Lutherans now owns 427,629 shares of the company's stock worth $9,143,000 after buying an additional 2,683 shares in the last quarter. Finally, Westwood Holdings Group Inc. increased its holdings in Plymouth Industrial REIT by 1.0% in the 2nd quarter. Westwood Holdings Group Inc. now owns 2,964,075 shares of the company's stock valued at $63,372,000 after buying an additional 28,272 shares during the period. 92.67% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Jeffrey E. Witherell bought 2,000 shares of the firm's stock in a transaction on Friday, November 15th. The stock was acquired at an average price of $18.49 per share, with a total value of $36,980.00. Following the transaction, the chief executive officer now owns 252,248 shares of the company's stock, valued at $4,664,065.52. This trade represents a 0.80 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Pendleton P. Jr. White purchased 5,000 shares of the company's stock in a transaction dated Friday, November 15th. The stock was purchased at an average price of $18.39 per share, for a total transaction of $91,950.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $91,950. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 1.40% of the stock is currently owned by insiders.

Plymouth Industrial REIT Stock Performance

Plymouth Industrial REIT stock opened at $16.56 on Monday. The business has a 50 day moving average of $18.58 and a 200-day moving average of $21.23. The company has a market capitalization of $751.64 million, a P/E ratio of 828.00, a P/E/G ratio of 1.47 and a beta of 1.34. Plymouth Industrial REIT, Inc. has a 1 year low of $16.37 and a 1 year high of $24.71. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.12 and a quick ratio of 0.12.

Plymouth Industrial REIT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.24 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.80%. Plymouth Industrial REIT's dividend payout ratio (DPR) is presently 4,800.00%.

Analyst Ratings Changes

PLYM has been the topic of several analyst reports. Truist Financial reduced their price target on shares of Plymouth Industrial REIT from $27.00 to $22.00 and set a "buy" rating on the stock in a research report on Friday, November 29th. Barclays reduced their target price on Plymouth Industrial REIT from $25.00 to $22.00 and set an "equal weight" rating on the stock in a report on Monday, November 18th. Robert W. Baird lowered their price target 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. Finally, BNP Paribas lowered Plymouth Industrial REIT from an "outperform" rating to a "neutral" rating and set a $23.00 price objective on the stock. in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $24.33.

Plymouth Industrial REIT Company 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.