Boston Partners Sells 24,843 Shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM)

Boston Partners lessened its position in shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM - Free Report) by 46.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,694 shares of the company's stock after selling 24,843 shares during the quarter. Boston Partners owned about 0.06% of Plymouth Industrial REIT worth $511,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its stake in Plymouth Industrial REIT by 4.7% in the third quarter. Victory Capital Management Inc. now owns 57,700 shares of the company's stock valued at $1,304,000 after acquiring an additional 2,600 shares during the last quarter. Quest Partners LLC lifted its stake in shares of Plymouth Industrial REIT by 1,151,200.0% in the 3rd quarter. Quest Partners LLC now owns 23,026 shares of the company's stock valued at $520,000 after purchasing an additional 23,024 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Plymouth Industrial REIT during the third quarter worth $205,000. Charles Schwab Investment Management Inc. lifted its stake 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 valued at $20,583,000 after buying an additional 180,003 shares during the period. Finally, Cerity Partners LLC boosted its holdings in Plymouth Industrial REIT by 28.0% during the third quarter. Cerity Partners LLC now owns 34,316 shares of the company's stock worth $776,000 after buying an additional 7,512 shares during the last quarter. Institutional investors own 92.67% of the company's stock.

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Plymouth Industrial REIT Stock Down 1.8 %

Shares of NYSE:PLYM traded down $0.31 during midday trading on Tuesday, reaching $16.79. The company had a trading volume of 398,903 shares, compared to its average volume of 285,715. The business's 50 day moving average price is $16.84 and its 200 day moving average price is $18.88. Plymouth Industrial REIT, Inc. has a 1-year low of $16.06 and a 1-year high of $24.71. 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 stock has a market cap of $764.80 million, a PE ratio of 839.50 and a beta of 1.45.

Plymouth Industrial REIT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a $0.24 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.96 annualized dividend and a dividend yield of 5.72%. Plymouth Industrial REIT's dividend payout ratio is presently 31.37%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Robert W. Baird reduced 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 note on Wednesday, March 5th. JMP Securities restated a "market outperform" rating and issued a $27.00 price objective on shares of Plymouth Industrial REIT in a research report on Tuesday, January 14th. Truist Financial decreased their target price on Plymouth Industrial REIT from $20.00 to $18.00 and set a "hold" rating for the company in a research note on Monday. Wedbush set a $17.00 price objective on Plymouth Industrial REIT in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Plymouth Industrial REIT from $20.00 to $19.00 and set an "underweight" rating on the stock in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $22.00.

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.