Boston Partners lessened its position in shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM - Free Report) by 46.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,694 shares of the company's stock after selling 24,843 shares during the period. Boston Partners owned 0.06% of Plymouth Industrial REIT worth $511,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the company. Globeflex Capital L P lifted its stake in shares of Plymouth Industrial REIT by 33.9% in the 4th quarter. Globeflex Capital L P now owns 176,482 shares of the company's stock valued at $3,141,000 after purchasing an additional 44,680 shares during the period. Thompson Siegel & Walmsley LLC bought a new stake in Plymouth Industrial REIT in the fourth quarter worth approximately $7,443,000. Vestcor Inc lifted its stake in Plymouth Industrial REIT by 6.2% in the fourth quarter. Vestcor Inc now owns 39,232 shares of the company's stock valued at $698,000 after buying an additional 2,306 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Plymouth Industrial REIT by 14.4% during the 4th quarter. Victory Capital Management Inc. now owns 66,000 shares of the company's stock worth $1,175,000 after buying an additional 8,300 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Plymouth Industrial REIT during the 4th quarter worth approximately $194,000. Institutional investors own 92.67% of the company's stock.
Analyst Upgrades and Downgrades
PLYM has been the topic of a number of research reports. Truist Financial dropped their target price on shares of Plymouth Industrial REIT from $20.00 to $18.00 and set a "hold" rating on the stock in a research report on Monday. JPMorgan Chase & Co. decreased their price target 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. Robert W. Baird cut their price objective on shares of Plymouth Industrial REIT from $21.00 to $20.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 5th. Wedbush set a $17.00 target price on Plymouth Industrial REIT in a research report on Friday, February 28th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $27.00 price target on shares of Plymouth Industrial REIT in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $22.00.
Check Out Our Latest Analysis on Plymouth Industrial REIT
Plymouth Industrial REIT Stock Up 1.4 %
NYSE PLYM traded up $0.23 during trading hours on Wednesday, hitting $16.97. The company's stock had a trading volume of 306,513 shares, compared to its average volume of 286,188. The company has a market capitalization of $773.14 million, a PE ratio of 848.65 and a beta of 1.45. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.42. Plymouth Industrial REIT, Inc. has a 52 week low of $16.06 and a 52 week high of $24.71. The company's 50-day simple moving average is $16.84 and its two-hundred day simple moving average is $18.88.
Plymouth Industrial REIT Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a dividend of $0.24 per share. The ex-dividend date is Monday, March 31st. This represents a $0.96 annualized dividend and a dividend yield of 5.66%. Plymouth Industrial REIT's payout ratio is 31.37%.
About Plymouth Industrial REIT
(
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.
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