Plymouth Industrial REIT, Inc. (NYSE:PLYM) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its holdings in Plymouth Industrial REIT, Inc. (NYSE:PLYM - Free Report) by 23.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 347,634 shares of the company's stock after selling 107,458 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.77% of Plymouth Industrial REIT worth $6,188,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quarry LP grew its position 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 increased its position 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 worth $45,000 after purchasing an additional 1,941 shares in the last quarter. Point72 DIFC Ltd purchased a new position in Plymouth Industrial REIT in the third quarter valued at approximately $46,000. Point72 Hong Kong Ltd acquired a new position in Plymouth Industrial REIT during the third quarter valued at approximately $123,000. Finally, SG Americas Securities LLC grew its stake in 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 period. Institutional investors and hedge funds own 92.67% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on PLYM. JMP Securities restated a "market outperform" rating and set a $27.00 target price on shares of Plymouth Industrial REIT in a report on Tuesday, January 14th. Wedbush set a $17.00 target price on Plymouth Industrial REIT in a research note on Friday, February 28th. JPMorgan Chase & Co. reduced their price target on Plymouth Industrial REIT from $20.00 to $19.00 and set an "underweight" rating on the stock in a research report on Tuesday, January 14th. Truist Financial dropped their price objective on shares of Plymouth Industrial REIT from $20.00 to $18.00 and set a "hold" rating on the stock in a research note on Monday. Finally, Robert W. Baird decreased their target price on shares of Plymouth Industrial REIT from $21.00 to $20.00 and set an "outperform" rating for the company in a research note on Wednesday, March 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Plymouth Industrial REIT currently has a consensus rating of "Hold" and a consensus target price of $22.00.

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Plymouth Industrial REIT Stock Down 1.8 %

PLYM stock traded down $0.30 during mid-day trading on Tuesday, hitting $16.80. 174,403 shares of the company were exchanged, compared to its average volume of 285,122. The company has a market capitalization of $765.26 million, a PE ratio of 840.00 and a beta of 1.45. The firm has a fifty day simple moving average of $16.84 and a 200 day simple moving average of $18.93. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.42. Plymouth Industrial REIT, Inc. has a twelve month low of $16.06 and a twelve month high of $24.71.

Plymouth Industrial REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 5.71%. The ex-dividend date of this dividend is Monday, March 31st. Plymouth Industrial REIT's payout ratio is currently 31.37%.

Plymouth Industrial REIT 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.