UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.52 Million Stock Position in Plymouth Industrial REIT, Inc. (NYSE:PLYM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM - Free Report) by 137.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,201 shares of the company's stock after buying an additional 38,850 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.15% of Plymouth Industrial REIT worth $1,519,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in PLYM. Blue Trust Inc. acquired a new position in Plymouth Industrial REIT in the 2nd quarter valued at $207,000. Bank of New York Mellon Corp increased its position in shares of Plymouth Industrial REIT by 3.1% in the second quarter. Bank of New York Mellon Corp now owns 226,578 shares of the company's stock worth $4,844,000 after acquiring an additional 6,736 shares in the last quarter. F M Investments LLC purchased a new position in Plymouth Industrial REIT in the second quarter valued at about $6,088,000. Victory Capital Management Inc. raised its holdings in shares of Plymouth Industrial REIT by 7.6% during the 2nd quarter. Victory Capital Management Inc. now owns 55,100 shares of the company's stock valued at $1,178,000 after buying an additional 3,900 shares during the period. Finally, Meeder Asset Management Inc. acquired a new position in shares of Plymouth Industrial REIT during the second quarter worth $1,078,000. Institutional investors and hedge funds own 92.67% of the company's stock.

Insider Buying and Selling

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

Plymouth Industrial REIT Trading Up 0.8 %

NYSE PLYM traded up $0.16 on Tuesday, hitting $19.11. 526,053 shares of the company were exchanged, compared to its average volume of 263,889. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.12 and a quick ratio of 0.12. The firm has a market capitalization of $867.38 million, a P/E ratio of 955.50, a price-to-earnings-growth ratio of 1.47 and a beta of 1.34. Plymouth Industrial REIT, Inc. has a twelve month low of $18.08 and a twelve month high of $25.18. The company's 50 day moving average price is $19.84 and its 200-day moving average price is $21.68.

Plymouth Industrial REIT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 5.02%. The ex-dividend date of this dividend is Tuesday, December 31st. Plymouth Industrial REIT's dividend payout ratio (DPR) is currently 4,800.00%.

Analyst Ratings Changes

A number of brokerages recently commented on PLYM. Barclays reduced their price target 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. Robert W. Baird reduced their price objective on Plymouth Industrial REIT from $26.00 to $25.00 and set an "outperform" rating for the company in a research report on Tuesday, November 12th. Truist Financial dropped their price target on shares of Plymouth Industrial REIT from $27.00 to $22.00 and set a "buy" rating on the stock in a research note on Friday, November 29th. BMO Capital Markets lowered their price target on Plymouth Industrial REIT from $26.00 to $25.00 and set a "market perform" rating on the stock in a report on Wednesday, August 28th. Finally, JMP Securities reissued a "market outperform" rating and set a $27.00 target price on shares of Plymouth Industrial REIT in a report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Plymouth Industrial REIT has a consensus rating of "Hold" and a consensus price target of $24.33.

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.