Plymouth Industrial REIT, Inc. (NYSE:PLYM) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP reduced its position in Plymouth Industrial REIT, Inc. (NYSE:PLYM - Free Report) by 3.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,342,461 shares of the company's stock after selling 41,242 shares during the quarter. Wellington Management Group LLP owned about 2.96% of Plymouth Industrial REIT worth $30,340,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PLYM. Quarry LP increased its stake in shares of Plymouth Industrial REIT by 88.4% in the 3rd quarter. Quarry LP now owns 1,833 shares of the company's stock worth $41,000 after acquiring an additional 860 shares during the last quarter. Copeland Capital Management LLC purchased a new position in shares of Plymouth Industrial REIT during the 3rd quarter worth $43,000. Loomis Sayles & Co. L P grew its holdings in shares of 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 during the period. Point72 DIFC Ltd purchased a new position in shares of Plymouth Industrial REIT during the 3rd quarter worth $46,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Plymouth Industrial REIT during the 3rd quarter worth $123,000. 92.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Plymouth Industrial REIT

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Barclays lowered their target price 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 lowered their target price on Plymouth Industrial REIT from $26.00 to $25.00 and set an "outperform" rating for the company in a report on Tuesday, November 12th. BNP Paribas cut Plymouth Industrial REIT from an "outperform" rating to a "neutral" rating and set a $23.00 target price for the company. in a report on Friday, November 8th. JMP Securities restated a "market outperform" rating and set a $27.00 target price on shares of Plymouth Industrial REIT in a report on Wednesday, August 28th. Finally, BMO Capital Markets lowered their target price on Plymouth Industrial REIT from $26.00 to $25.00 and set a "market perform" rating for the company in a report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Plymouth Industrial REIT has a consensus rating of "Hold" and an average target price of $24.33.

Plymouth Industrial REIT Stock Performance

PLYM traded up $0.12 during trading on Friday, hitting $18.83. 92,404 shares of the stock were exchanged, compared to its average volume of 261,317. The firm has a market capitalization of $854.69 million, a P/E ratio of 934.00, a PEG ratio of 1.46 and a beta of 1.34. Plymouth Industrial REIT, Inc. has a 1-year low of $18.08 and a 1-year high of $25.55. The stock has a fifty day moving average price of $20.01 and a two-hundred day moving average price of $21.69. 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 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.