UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.52 Million Stake in Plymouth Industrial REIT, Inc. (NYSE:PLYM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM) by 137.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 67,201 shares of the company’s stock after buying an additional 38,850 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Plymouth Industrial REIT were worth $1,519,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Blue Trust Inc. acquired a new stake in shares of Plymouth Industrial REIT in the second quarter valued at about $207,000. Bank of New York Mellon Corp grew its position in shares of Plymouth Industrial REIT by 3.1% in the second quarter. Bank of New York Mellon Corp now owns 226,578 shares of the company’s stock valued at $4,844,000 after purchasing an additional 6,736 shares during the last quarter. F M Investments LLC acquired a new stake in shares of Plymouth Industrial REIT in the second quarter valued at about $6,088,000. Victory Capital Management Inc. grew its position in shares of Plymouth Industrial REIT by 7.6% in the second quarter. Victory Capital Management Inc. now owns 55,100 shares of the company’s stock valued at $1,178,000 after purchasing an additional 3,900 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Plymouth Industrial REIT in the second quarter valued at about $1,078,000. 92.67% of the stock is owned by institutional investors and hedge funds.

Plymouth Industrial REIT Stock Up 0.1 %

Shares of PLYM opened at $18.95 on Tuesday. The stock has a market cap of $860.14 million, a price-to-earnings ratio of 947.50, a P/E/G ratio of 1.47 and a beta of 1.34. 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, Inc. has a 12 month low of $18.08 and a 12 month high of $25.18. The company has a 50-day moving average price of $19.90 and a two-hundred day moving average price of $21.69.

Plymouth Industrial REIT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date of this dividend is Tuesday, December 31st. Plymouth Industrial REIT’s dividend payout ratio (DPR) is currently 4,800.00%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PLYM. 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 research report on Wednesday, August 28th. Truist Financial decreased their target price on Plymouth Industrial REIT from $27.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, November 29th. JMP Securities reissued a “market outperform” rating and set a $27.00 target price on shares of Plymouth Industrial REIT in a research report on Wednesday, August 28th. BNP Paribas downgraded Plymouth Industrial REIT from an “outperform” rating to a “neutral” rating and set a $23.00 target price on the stock. in a research report on Friday, November 8th. Finally, Barclays decreased their target price on Plymouth Industrial REIT from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Monday, November 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $24.33.

Insider Activity

In related news, Director Pendleton P. Jr. White purchased 5,000 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was acquired at an average price of $18.39 per share, with a total value of $91,950.00. Following the completion of the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $91,950. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey E. Witherell purchased 2,000 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was bought at an average cost of $18.49 per share, with a total value of $36,980.00. Following the acquisition, the chief executive officer now owns 252,248 shares of the company’s stock, valued at $4,664,065.52. This represents a 0.80 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.40% of the stock is currently owned by corporate insiders.

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.