Knights of Columbus Asset Advisors LLC Sells 18,422 Shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM)

Knights of Columbus Asset Advisors LLC decreased its holdings in Plymouth Industrial REIT, Inc. (NYSE:PLYM - Free Report) by 19.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 75,184 shares of the company's stock after selling 18,422 shares during the quarter. Knights of Columbus Asset Advisors LLC owned 0.17% of Plymouth Industrial REIT worth $1,338,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Sei Investments Co. boosted its position in Plymouth Industrial REIT by 29.2% in the fourth quarter. Sei Investments Co. now owns 64,603 shares of the company's stock valued at $1,150,000 after buying an additional 14,585 shares in the last quarter. Globeflex Capital L P lifted its stake in shares of Plymouth Industrial REIT by 33.9% in the 4th quarter. Globeflex Capital L P now owns 176,482 shares of the company's stock valued at $3,141,000 after purchasing an additional 44,680 shares during the period. Thompson Siegel & Walmsley LLC bought a new stake in shares of Plymouth Industrial REIT in the 4th quarter valued at about $7,443,000. Vestcor Inc raised its holdings in Plymouth Industrial REIT by 6.2% in the fourth quarter. Vestcor Inc now owns 39,232 shares of the company's stock worth $698,000 after purchasing an additional 2,306 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in shares of Plymouth Industrial REIT by 14.4% in the fourth quarter. Victory Capital Management Inc. now owns 66,000 shares of the company's stock worth $1,175,000 after acquiring an additional 8,300 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company's stock.

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Analyst Ratings Changes

PLYM has been the topic of several research reports. Robert W. Baird cut 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 report on Wednesday, March 5th. JMP Securities restated a "market outperform" rating and issued a $27.00 price target on shares of Plymouth Industrial REIT in a research note on Tuesday, January 14th. JPMorgan Chase & Co. cut their price objective on shares of Plymouth Industrial REIT from $20.00 to $19.00 and set an "underweight" rating for the company in a research report on Tuesday, January 14th. Truist Financial cut their price objective on shares of Plymouth Industrial REIT from $20.00 to $18.00 and set a "hold" rating for the company in a report on Monday. Finally, Wedbush set a $17.00 target price on shares of Plymouth Industrial REIT in a report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $22.00.

Plymouth Industrial REIT Trading Down 1.0 %

Shares of NYSE:PLYM traded down $0.17 during midday trading on Thursday, hitting $16.80. 228,339 shares of the stock were exchanged, compared to its average volume of 286,170. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.12 and a current ratio of 0.12. Plymouth Industrial REIT, Inc. has a 12 month low of $16.06 and a 12 month high of $24.71. The business's 50-day moving average price is $16.83 and its 200 day moving average price is $18.87. The stock has a market capitalization of $765.03 million, a price-to-earnings ratio of 839.75 and a beta of 1.45.

Plymouth Industrial REIT Announces Dividend

The business also recently announced 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 5.72%. The ex-dividend date is Monday, March 31st. Plymouth Industrial REIT's dividend payout ratio is currently 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.