Thrivent Financial for Lutherans Buys 27,463 Shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM)

Thrivent Financial for Lutherans lifted its position in shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM - Free Report) by 6.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 455,092 shares of the company's stock after acquiring an additional 27,463 shares during the quarter. Thrivent Financial for Lutherans owned approximately 1.00% of Plymouth Industrial REIT worth $10,285,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Plymouth Industrial REIT by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 4,264,132 shares of the company's stock valued at $95,943,000 after purchasing an additional 115,318 shares during the period. Westwood Holdings Group Inc. raised its position in shares of Plymouth Industrial REIT by 1.0% in the second quarter. Westwood Holdings Group Inc. now owns 2,964,075 shares of the company's stock worth $63,372,000 after buying an additional 28,272 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Plymouth Industrial REIT by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 536,974 shares of the company's stock worth $11,480,000 after buying an additional 4,265 shares in the last quarter. Meros Investment Management LP boosted its stake in Plymouth Industrial REIT by 38.2% during the second quarter. Meros Investment Management LP now owns 402,923 shares of the company's stock valued at $8,614,000 after buying an additional 111,339 shares during the period. Finally, Millennium Management LLC grew its position in Plymouth Industrial REIT by 115.6% during the second quarter. Millennium Management LLC now owns 338,894 shares of the company's stock worth $7,246,000 after buying an additional 181,725 shares in the last quarter. 92.67% of the stock is currently owned by institutional investors.

Insider Transactions at Plymouth Industrial REIT

In other Plymouth Industrial REIT news, Director Pendleton P. Jr. White bought 5,000 shares of the business's stock in a transaction that occurred on Friday, November 15th. The shares were bought at an average cost of $18.39 per share, with a total value of $91,950.00. Following the completion of the purchase, 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jeffrey E. Witherell purchased 2,000 shares of the stock in a transaction on Friday, November 15th. The shares were acquired at an average cost of $18.49 per share, with a total value of $36,980.00. Following the transaction, the chief executive officer now directly owns 252,248 shares in the company, valued at $4,664,065.52. The trade was a 0.80 % 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.

Analyst Ratings Changes

PLYM has been the topic of several recent analyst reports. BNP Paribas cut Plymouth Industrial REIT from an "outperform" rating to a "neutral" rating and set a $23.00 price target on the stock. in a report on Friday, November 8th. B. Riley boosted their price target on shares of Plymouth Industrial REIT from $26.00 to $27.00 and gave the stock a "buy" rating in a research note on Monday, August 5th. JMP Securities reissued a "market outperform" rating and issued a $27.00 price target on shares of Plymouth Industrial REIT in a report on Wednesday, August 28th. Barclays dropped their price objective on shares of Plymouth Industrial REIT from $25.00 to $22.00 and set an "equal weight" rating for the company in a report on Monday. Finally, Wedbush increased their target price on Plymouth Industrial REIT from $23.00 to $25.00 and gave the company a "neutral" rating in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $24.89.

Plymouth Industrial REIT Trading Down 0.1 %

Shares of NYSE PLYM traded down $0.01 during midday trading on Friday, reaching $18.77. The company had a trading volume of 359,857 shares, compared to its average volume of 258,233. The stock has a market cap of $851.97 million, a PE ratio of 943.03, a price-to-earnings-growth ratio of 1.44 and a beta of 1.37. Plymouth Industrial REIT, Inc. has a one year low of $18.08 and a one year high of $25.55. The firm's fifty day moving average price is $21.20 and its 200-day moving average price is $21.91. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 1.42.

Plymouth Industrial REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date was Monday, September 30th. Plymouth Industrial REIT's dividend payout ratio (DPR) is presently 4,800.00%.

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.