35,500 Shares in Plymouth Industrial REIT, Inc. (NYSE:PLYM) Bought by Virtus Investment Advisers Inc.

Virtus Investment Advisers Inc. purchased a new position in Plymouth Industrial REIT, Inc. (NYSE:PLYM - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 35,500 shares of the company's stock, valued at approximately $802,000. Virtus Investment Advisers Inc. owned about 0.08% of Plymouth Industrial REIT at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Quarry LP boosted its stake in Plymouth Industrial REIT by 88.4% during the 3rd quarter. Quarry LP now owns 1,833 shares of the company's stock valued at $41,000 after purchasing an additional 860 shares during the last quarter. Tidal Investments LLC lifted its holdings in shares of Plymouth Industrial REIT by 5.8% during the first quarter. Tidal Investments LLC now owns 19,915 shares of the company's stock valued at $448,000 after purchasing an additional 1,088 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Plymouth Industrial REIT by 11.4% during the third quarter. Daiwa Securities Group Inc. now owns 12,834 shares of the company's stock valued at $290,000 after buying an additional 1,317 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Plymouth Industrial REIT by 17.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,008 shares of the company's stock worth $293,000 after buying an additional 1,892 shares in the last quarter. Finally, Copeland Capital Management LLC bought a new stake in Plymouth Industrial REIT in the 3rd quarter worth about $43,000. Institutional investors own 92.67% of the company's stock.

Insiders Place Their Bets

In other Plymouth Industrial REIT news, CEO Jeffrey E. Witherell purchased 2,000 shares of the company's stock in a transaction on Friday, November 15th. The stock was acquired at an average cost of $18.49 per share, for a total transaction of $36,980.00. Following the purchase, the chief executive officer now directly owns 252,248 shares of the company's stock, valued at $4,664,065.52. This trade represents a 0.80 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Pendleton P. Jr. White acquired 5,000 shares of Plymouth Industrial REIT stock in a transaction dated Friday, November 15th. The shares were bought at an average price of $18.39 per share, for a total transaction of $91,950.00. Following the transaction, the director now owns 5,000 shares of the company's stock, valued at approximately $91,950. The trade was 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.

Analyst Ratings Changes

PLYM has been the topic of a number of recent analyst reports. 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 report on Friday, November 29th. BNP Paribas downgraded shares of Plymouth Industrial REIT from an "outperform" rating to a "neutral" rating and set a $23.00 price objective on the stock. in a research report on Friday, November 8th. Barclays cut their target price on shares of Plymouth Industrial REIT from $25.00 to $22.00 and set an "equal weight" rating for the company in a research report on Monday, November 18th. 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 restated a "market outperform" rating and issued a $27.00 price target on shares of Plymouth Industrial REIT in a research note 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 company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $24.33.

Plymouth Industrial REIT Stock Performance

Shares of NYSE PLYM traded down $0.11 during trading on Friday, hitting $18.54. The company had a trading volume of 339,851 shares, compared to its average volume of 380,116. The stock has a 50 day simple moving average of $20.27 and a 200 day simple moving average of $21.74. The firm has a market capitalization of $841.53 million, a P/E ratio of 927.00, a price-to-earnings-growth ratio of 1.44 and a beta of 1.34. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.12 and a current ratio of 0.12. Plymouth Industrial REIT, Inc. has a 12 month low of $18.08 and a 12 month high of $25.55.

Plymouth Industrial REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 5.18%. The ex-dividend date was Monday, September 30th. Plymouth Industrial REIT's dividend payout ratio is currently 4,800.00%.

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.