ExodusPoint Capital Management LP Invests $1.40 Million in Plymouth Industrial REIT, Inc. (NYSE:PLYM)

ExodusPoint Capital Management LP purchased a new position in shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 78,623 shares of the company's stock, valued at approximately $1,399,000. ExodusPoint Capital Management LP owned approximately 0.17% of Plymouth Industrial REIT as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Meeder Asset Management Inc. raised its position in shares of Plymouth Industrial REIT by 1.5% during the 4th quarter. Meeder Asset Management Inc. now owns 71,087 shares of the company's stock valued at $1,265,000 after buying an additional 1,063 shares during the period. Heartland Advisors Inc. increased its position in shares of Plymouth Industrial REIT by 75.5% during the fourth quarter. Heartland Advisors Inc. now owns 351,000 shares of the company's stock worth $6,248,000 after acquiring an additional 151,000 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in shares of Plymouth Industrial REIT by 8.5% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 51,100 shares of the company's stock valued at $910,000 after buying an additional 4,000 shares during the period. JPMorgan Chase & Co. grew its holdings in Plymouth Industrial REIT by 1.7% during the 4th quarter. JPMorgan Chase & Co. now owns 906,149 shares of the company's stock worth $16,129,000 after acquiring an additional 15,496 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in Plymouth Industrial REIT in the fourth quarter valued at $148,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of research analysts recently commented on the stock. JMP Securities reaffirmed a "market outperform" rating and issued a $27.00 target price on shares of Plymouth Industrial REIT in a research report on Tuesday, January 14th. Robert W. Baird decreased their price target on Plymouth Industrial REIT from $21.00 to $20.00 and set an "outperform" rating for the company in a report on Wednesday, March 5th. KeyCorp lowered their price objective on Plymouth Industrial REIT from $23.00 to $18.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Barclays cut their price target on shares of Plymouth Industrial REIT from $22.00 to $18.00 and set an "equal weight" rating for the company in a report on Monday, March 31st. Finally, Truist Financial decreased their target price on Plymouth Industrial REIT from $20.00 to $18.00 and set a "hold" rating on the stock in a research report on Monday, March 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $21.20.

Plymouth Industrial REIT Trading Down 0.4 %

NYSE PLYM traded down $0.05 during trading hours on Tuesday, hitting $14.28. 44,492 shares of the company's stock were exchanged, compared to its average volume of 300,501. Plymouth Industrial REIT, Inc. has a 12-month low of $7.19 and a 12-month high of $24.71. The business's 50 day moving average is $16.27 and its 200-day moving average is $18.04. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.12 and a current ratio of 0.12. The firm has a market capitalization of $650.33 million, a P/E ratio of 712.75 and a beta of 1.19.

Plymouth Industrial REIT Announces Dividend

The business also recently declared 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. This represents a $0.96 annualized dividend and a yield of 6.72%. The ex-dividend date is Monday, March 31st. Plymouth Industrial REIT's dividend payout ratio (DPR) is 31.37%.

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.