Barclays PLC lifted its position in Plymouth Industrial REIT, Inc. (NYSE:PLYM - Free Report) by 321.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,101 shares of the company's stock after buying an additional 48,119 shares during the quarter. Barclays PLC owned approximately 0.14% of Plymouth Industrial REIT worth $1,426,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. Quarry LP boosted its holdings 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 worth $41,000 after purchasing an additional 860 shares in the last quarter. Copeland Capital Management LLC bought a new stake in Plymouth Industrial REIT in the 3rd quarter worth approximately $43,000. Loomis Sayles & Co. L P boosted its stake in Plymouth Industrial REIT by 3,130.6% in the third quarter. Loomis Sayles & Co. L P now owns 2,003 shares of the company's stock worth $45,000 after buying an additional 1,941 shares in the last quarter. Point72 DIFC Ltd bought a new position in Plymouth Industrial REIT during the third quarter valued at approximately $46,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Plymouth Industrial REIT during the third quarter worth approximately $123,000. 92.67% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In related news, CEO Jeffrey E. Witherell purchased 2,000 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The stock was bought at an average cost of $18.49 per share, with a total value of $36,980.00. Following the completion of the purchase, the chief executive officer now directly owns 252,248 shares in the company, valued at approximately $4,664,065.52. This represents a 0.80 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Pendleton P. Jr. White acquired 5,000 shares of the stock in a transaction on Friday, November 15th. The stock was bought at an average price of $18.39 per share, with a total value of $91,950.00. Following the completion of the acquisition, the director now directly owns 5,000 shares of the company's stock, valued at $91,950. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.40% of the company's stock.
Plymouth Industrial REIT Trading Down 1.2 %
Shares of NYSE:PLYM traded down $0.21 during midday trading on Friday, hitting $17.73. 252,187 shares of the stock traded hands, compared to its average volume of 266,328. 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 stock has a market capitalization of $804.75 million, a PE ratio of 886.50, a P/E/G ratio of 1.47 and a beta of 1.34. Plymouth Industrial REIT, Inc. has a one year low of $17.22 and a one year high of $24.71. The business's 50 day moving average is $19.26 and its two-hundred day moving average is $21.49.
Plymouth Industrial REIT Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 5.41%. The ex-dividend date is Tuesday, December 31st. Plymouth Industrial REIT's payout ratio is 4,800.00%.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on PLYM. Robert W. Baird cut their price objective on shares of Plymouth Industrial REIT from $26.00 to $25.00 and set an "outperform" rating for the company in a research note on Tuesday, November 12th. BNP Paribas lowered shares of Plymouth Industrial REIT from an "outperform" rating to a "neutral" rating and set a $23.00 price target for the company. in a research report on Friday, November 8th. Truist Financial decreased their price objective on Plymouth Industrial REIT from $27.00 to $22.00 and set a "buy" rating on the stock in a report on Friday, November 29th. Finally, Barclays dropped their target price on Plymouth Industrial REIT from $25.00 to $22.00 and set an "equal weight" rating for the company in a report on Monday, November 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $24.33.
Check Out Our Latest Research Report on PLYM
About Plymouth Industrial REIT
(
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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