Knights of Columbus Asset Advisors LLC lessened its stake in shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM - Free Report) by 19.7% in the 4th 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 about 0.17% of Plymouth Industrial REIT worth $1,338,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Quarry LP boosted its holdings in Plymouth Industrial REIT by 88.4% during the third quarter. Quarry LP now owns 1,833 shares of the company's stock valued at $41,000 after acquiring an additional 860 shares during the period. Loomis Sayles & Co. L P boosted its stake in Plymouth Industrial REIT by 3,130.6% during the 3rd quarter. Loomis Sayles & Co. L P now owns 2,003 shares of the company's stock valued at $45,000 after purchasing an additional 1,941 shares during the period. Point72 DIFC Ltd bought a new stake in Plymouth Industrial REIT during the 3rd quarter valued at approximately $46,000. Point72 Hong Kong Ltd acquired a new stake in Plymouth Industrial REIT in the 3rd quarter valued at approximately $123,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Plymouth Industrial REIT by 15.0% during the fourth quarter. SG Americas Securities LLC now owns 10,390 shares of the company's stock worth $185,000 after buying an additional 1,358 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company's stock.
Plymouth Industrial REIT Price Performance
PLYM traded down $0.31 during midday trading on Tuesday, reaching $16.79. 398,553 shares of the company's stock were exchanged, compared to its average volume of 285,122. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 1.42. The business has a 50-day simple moving average of $16.84 and a two-hundred day simple moving average of $18.93. The firm has a market capitalization of $764.80 million, a price-to-earnings ratio of 839.50 and a beta of 1.45. Plymouth Industrial REIT, Inc. has a one year low of $16.06 and a one year high of $24.71.
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 paid a $0.24 dividend. 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 31.37%.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on PLYM shares. Robert W. Baird dropped their target price 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 set a $27.00 price objective on shares of Plymouth Industrial REIT in a report on Tuesday, January 14th. JPMorgan Chase & Co. reduced their target price on shares of Plymouth Industrial REIT from $20.00 to $19.00 and set an "underweight" rating for the company in a research note on Tuesday, January 14th. Wedbush set a $17.00 target price on Plymouth Industrial REIT in a research report on Friday, February 28th. Finally, Truist Financial cut their price target on Plymouth Industrial REIT from $20.00 to $18.00 and set a "hold" rating for the company in a report on Monday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $22.00.
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About Plymouth Industrial REIT
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Free Report)
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.
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