Heartland Advisors Inc. Has $6.25 Million Stock Holdings in Plymouth Industrial REIT, Inc. (NYSE:PLYM)

Heartland Advisors Inc. boosted its position in shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM - Free Report) by 75.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 351,000 shares of the company's stock after buying an additional 151,000 shares during the period. Heartland Advisors Inc. owned approximately 0.77% of Plymouth Industrial REIT worth $6,248,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in PLYM. Quarry LP boosted its stake in shares of Plymouth Industrial REIT by 88.4% in the 3rd quarter. Quarry LP now owns 1,833 shares of the company's stock valued at $41,000 after purchasing an additional 860 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of Plymouth Industrial REIT by 1.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 47,100 shares of the company's stock worth $1,064,000 after buying an additional 900 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Plymouth Industrial REIT by 2.4% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 41,353 shares of the company's stock worth $736,000 after buying an additional 952 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of Plymouth Industrial REIT by 1.4% in the 4th quarter. Rhumbline Advisers now owns 73,529 shares of the company's stock valued at $1,309,000 after acquiring an additional 1,010 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Plymouth Industrial REIT by 11.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 12,834 shares of the company's stock valued at $290,000 after acquiring an additional 1,317 shares in the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several equities analysts have commented on the company. Truist Financial dropped their target price on Plymouth Industrial REIT from $20.00 to $18.00 and set a "hold" rating for the company in a research report on Monday, March 24th. JPMorgan Chase & Co. cut 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 research report on Tuesday, January 14th. Wedbush set a $17.00 price target on shares of Plymouth Industrial REIT in a research report on Friday, February 28th. Robert W. Baird dropped their price target on shares of Plymouth Industrial REIT from $21.00 to $20.00 and set an "outperform" rating for the company in a research note on Wednesday, March 5th. Finally, JMP Securities restated a "market outperform" rating and issued a $27.00 price objective on shares of Plymouth Industrial REIT in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $21.56.

Plymouth Industrial REIT Trading Down 0.1 %

Shares of PLYM stock traded down $0.01 during mid-day trading on Wednesday, hitting $16.30. The company's stock had a trading volume of 60,838 shares, compared to its average volume of 294,003. The company has a market cap of $742.48 million, a PE ratio of 815.00 and a beta of 1.45. 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 company's fifty day simple moving average is $16.81 and its 200-day simple moving average is $18.66. Plymouth Industrial REIT, Inc. has a 52 week low of $16.06 and a 52 week high of $24.71.

Plymouth Industrial REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 5.89%. The ex-dividend date of this dividend is Monday, March 31st. Plymouth Industrial REIT's dividend payout ratio (DPR) is presently 31.37%.

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.