Thompson Siegel & Walmsley LLC Invests $7.44 Million in Plymouth Industrial REIT, Inc. (NYSE:PLYM)

Thompson Siegel & Walmsley LLC acquired a new position in Plymouth Industrial REIT, Inc. (NYSE:PLYM - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 418,157 shares of the company's stock, valued at approximately $7,443,000. Thompson Siegel & Walmsley LLC owned about 0.92% of Plymouth Industrial REIT as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Quarry LP grew its position in Plymouth Industrial REIT by 88.4% in the 3rd quarter. Quarry LP now owns 1,833 shares of the company's stock valued at $41,000 after acquiring an additional 860 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of Plymouth Industrial REIT by 1.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 47,100 shares of the company's stock valued at $1,064,000 after purchasing an additional 900 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Plymouth Industrial REIT by 2.4% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 41,353 shares of the company's stock valued at $736,000 after purchasing an additional 952 shares in the last quarter. Rhumbline Advisers increased its stake in Plymouth Industrial REIT by 1.4% during the 4th quarter. Rhumbline Advisers now owns 73,529 shares of the company's stock worth $1,309,000 after buying an additional 1,010 shares during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in Plymouth Industrial REIT by 11.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 12,834 shares of the company's stock worth $290,000 after buying an additional 1,317 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company's stock.

Remove Ads

Plymouth Industrial REIT Stock Up 0.2 %

PLYM stock traded up $0.04 during trading on Tuesday, hitting $17.40. 584,872 shares of the company's stock were exchanged, compared to its average volume of 281,703. The business has a 50-day moving average price of $16.80 and a two-hundred day moving average price of $19.15. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $792.59 million, a price-to-earnings ratio of 870.00 and a beta of 1.45. Plymouth Industrial REIT, Inc. has a 52-week low of $16.06 and a 52-week high of $24.71.

Plymouth Industrial REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a dividend of $0.24 per share. The ex-dividend date is Monday, March 31st. This represents a $0.96 annualized dividend and a dividend yield of 5.52%. Plymouth Industrial REIT's dividend payout ratio is presently 31.37%.

Wall Street Analyst Weigh In

PLYM has been the subject of several research reports. Barclays dropped their price target on shares of Plymouth Industrial REIT from $25.00 to $22.00 and set an "equal weight" rating for the company in a research note on Monday, November 18th. JPMorgan Chase & Co. lowered their target price on 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. Robert W. Baird reduced their price target on 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. Truist Financial downgraded Plymouth Industrial REIT from a "buy" rating to a "hold" rating in a research report on Friday, January 17th. Finally, Wedbush set a $17.00 target price on shares of Plymouth Industrial REIT in a report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $22.44.

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.