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

Wellington Management Group LLP lowered its position in Plymouth Industrial REIT, Inc. (NYSE:PLYM - Free Report) by 63.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 486,681 shares of the company's stock after selling 855,780 shares during the quarter. Wellington Management Group LLP owned 1.07% of Plymouth Industrial REIT worth $8,663,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PLYM. Quarry LP grew its holdings in Plymouth Industrial REIT by 88.4% during the 3rd quarter. Quarry LP now owns 1,833 shares of the company's stock worth $41,000 after acquiring an additional 860 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Plymouth Industrial REIT in the fourth quarter worth about $148,000. SG Americas Securities LLC increased its holdings in Plymouth Industrial REIT by 15.0% in the fourth quarter. SG Americas Securities LLC now owns 10,390 shares of the company's stock valued at $185,000 after buying an additional 1,358 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in Plymouth Industrial REIT during the fourth quarter valued at approximately $194,000. Finally, ZWJ Investment Counsel Inc. bought a new position in Plymouth Industrial REIT during the 4th quarter worth approximately $203,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

Plymouth Industrial REIT Stock Performance

Shares of NYSE:PLYM traded down $0.05 on Tuesday, hitting $14.28. The company's stock had a trading volume of 27,418 shares, compared to its average volume of 300,463. The company has a market capitalization of $650.29 million, a price-to-earnings ratio of 714.00 and a beta of 1.19. 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 $7.19 and a 12 month high of $24.71. The stock's 50-day moving average is $16.27 and its two-hundred day moving average is $18.04.

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Plymouth Industrial REIT Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.96 annualized dividend and a yield of 6.72%. Plymouth Industrial REIT's payout ratio is 31.37%.

Analysts Set New Price Targets

Several research firms recently issued reports on PLYM. Robert W. Baird dropped 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. JMP Securities reissued 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 price target on shares of Plymouth Industrial REIT in a research report on Friday, February 28th. JPMorgan Chase & Co. lowered their price objective on shares of Plymouth Industrial REIT from $20.00 to $19.00 and set an "underweight" rating for the company in a research report on Tuesday, January 14th. Finally, KeyCorp decreased their target price on Plymouth Industrial REIT from $23.00 to $18.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $21.20.

About Plymouth Industrial REIT

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.