Plymouth Industrial REIT, Inc. (NYSE:PLYM) Shares Acquired by Jennison Associates LLC

Jennison Associates LLC boosted its holdings in Plymouth Industrial REIT, Inc. (NYSE:PLYM - Free Report) by 4.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,401,384 shares of the company's stock after purchasing an additional 174,836 shares during the quarter. Jennison Associates LLC owned about 9.69% of Plymouth Industrial REIT worth $99,471,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Copeland Capital Management LLC acquired a new stake in Plymouth Industrial REIT in the third quarter valued at $43,000. EntryPoint Capital LLC boosted its holdings in Plymouth Industrial REIT by 33.9% during the first quarter. EntryPoint Capital LLC now owns 4,997 shares of the company's stock worth $112,000 after buying an additional 1,266 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its position in Plymouth Industrial REIT by 431.0% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,447 shares of the company's stock worth $202,000 after buying an additional 7,668 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Plymouth Industrial REIT during the 3rd quarter valued at approximately $202,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Plymouth Industrial REIT during the 3rd quarter worth approximately $204,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Plymouth Industrial REIT

In other Plymouth Industrial REIT news, Director Pendleton P. Jr. White bought 5,000 shares of Plymouth Industrial REIT stock in a transaction that occurred on Friday, November 15th. The shares were acquired at an average price of $18.39 per share, for a total transaction of $91,950.00. Following the acquisition, the director now owns 5,000 shares of the company's stock, valued at $91,950. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey E. Witherell acquired 2,000 shares of Plymouth Industrial REIT stock in a transaction on Friday, November 15th. The shares were bought at an average price of $18.49 per share, for a total transaction of $36,980.00. Following the purchase, the chief executive officer now owns 252,248 shares of the company's stock, valued at $4,664,065.52. This represents a 0.80 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Barclays reduced their price objective on Plymouth Industrial REIT from $25.00 to $22.00 and set an "equal weight" rating for the company in a report on Monday. JMP Securities reissued a "market outperform" rating and issued a $27.00 price objective on shares of Plymouth Industrial REIT in a research note on Wednesday, August 28th. BNP Paribas cut shares of Plymouth Industrial REIT from an "outperform" rating to a "neutral" rating and set a $23.00 target price for the company. in a research report on Friday, November 8th. BMO Capital Markets lowered their price target on shares of Plymouth Industrial REIT from $26.00 to $25.00 and set a "market perform" rating on the stock in a research report on Wednesday, August 28th. Finally, Truist Financial upped their price objective on Plymouth Industrial REIT from $26.00 to $27.00 and gave the company a "buy" rating in a research report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Plymouth Industrial REIT has a consensus rating of "Hold" and a consensus target price of $24.89.

Plymouth Industrial REIT Trading Up 0.9 %

NYSE PLYM opened at $18.73 on Thursday. Plymouth Industrial REIT, Inc. has a 12 month low of $18.08 and a 12 month high of $25.55. The company has a 50-day moving average of $21.28 and a 200-day moving average of $21.93. The company has a market cap of $850.15 million, a P/E ratio of 936.50, a P/E/G ratio of 1.44 and a beta of 1.37. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.12 and a quick ratio of 0.12.

Plymouth Industrial REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were paid a dividend of $0.24 per share. The ex-dividend date was Monday, September 30th. This represents a $0.96 annualized dividend and a dividend yield of 5.13%. Plymouth Industrial REIT's dividend payout ratio is presently 4,800.00%.

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.