Charles Schwab Investment Management Inc. Purchases 180,003 Shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM)

Charles Schwab Investment Management Inc. increased its stake in shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM - Free Report) by 24.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 910,751 shares of the company's stock after purchasing an additional 180,003 shares during the period. Charles Schwab Investment Management Inc. owned approximately 2.01% of Plymouth Industrial REIT worth $20,583,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Copeland Capital Management LLC bought a new position in shares of Plymouth Industrial REIT during the third quarter worth $43,000. Hennion & Walsh Asset Management Inc. bought a new position in Plymouth Industrial REIT during the third quarter worth about $202,000. SG Americas Securities LLC acquired a new position in Plymouth Industrial REIT in the third quarter valued at about $204,000. Intech Investment Management LLC bought a new stake in shares of Plymouth Industrial REIT in the third quarter worth about $205,000. Finally, Blue Trust Inc. bought a new stake in shares of Plymouth Industrial REIT in the second quarter worth about $207,000. Institutional investors own 92.67% of the company's stock.

Insider Transactions at Plymouth Industrial REIT

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

Plymouth Industrial REIT Stock Down 0.6 %

Shares of Plymouth Industrial REIT stock traded down $0.11 during trading hours on Friday, reaching $18.54. 339,851 shares of the company's stock were exchanged, compared to its average volume of 380,116. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.42. The company has a 50 day moving average of $20.27 and a two-hundred day moving average of $21.74. The stock has a market cap of $841.53 million, a P/E ratio of 927.00, a P/E/G ratio of 1.44 and a beta of 1.34. Plymouth Industrial REIT, Inc. has a fifty-two week low of $18.08 and a fifty-two week high of $25.55.

Plymouth Industrial REIT Dividend Announcement

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

Analyst Upgrades and Downgrades

PLYM has been the topic of several recent analyst reports. Barclays cut their price objective 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. Truist Financial reduced their price target on shares of Plymouth Industrial REIT from $27.00 to $22.00 and set a "buy" rating for the company in a report on Friday, November 29th. BNP Paribas lowered shares of Plymouth Industrial REIT from an "outperform" rating to a "neutral" rating and set a $23.00 price objective on the stock. in a report on Friday, November 8th. Robert W. Baird cut their price objective on shares of Plymouth Industrial REIT from $26.00 to $25.00 and set an "outperform" rating on the stock in a research report on Tuesday, November 12th. Finally, BMO Capital Markets lowered their target price on Plymouth Industrial REIT from $26.00 to $25.00 and set a "market perform" rating for the company in a report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Plymouth Industrial REIT presently has a consensus rating of "Hold" and a consensus price target of $24.33.

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.