Barclays PLC Has $1.43 Million Stock Position in Plymouth Industrial REIT, Inc. (NYSE:PLYM)

Barclays PLC increased its stake in Plymouth Industrial REIT, Inc. (NYSE:PLYM) by 321.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,101 shares of the company’s stock after purchasing an additional 48,119 shares during the quarter. Barclays PLC’s holdings in Plymouth Industrial REIT were worth $1,426,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Thrivent Financial for Lutherans boosted its holdings in shares of Plymouth Industrial REIT by 6.4% in the third quarter. Thrivent Financial for Lutherans now owns 455,092 shares of the company’s stock worth $10,285,000 after buying an additional 27,463 shares during the period. Foundry Partners LLC purchased a new stake in shares of Plymouth Industrial REIT in the 3rd quarter valued at approximately $3,725,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Plymouth Industrial REIT by 137.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 67,201 shares of the company’s stock valued at $1,519,000 after acquiring an additional 38,850 shares in the last quarter. Meros Investment Management LP boosted its stake in Plymouth Industrial REIT by 38.2% in the 2nd quarter. Meros Investment Management LP now owns 402,923 shares of the company’s stock worth $8,614,000 after purchasing an additional 111,339 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Plymouth Industrial REIT by 24.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 910,751 shares of the company’s stock worth $20,583,000 after purchasing an additional 180,003 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

Insider Buying and Selling at Plymouth Industrial REIT

In related news, Director Pendleton P. Jr. White acquired 5,000 shares of the stock in a transaction dated Friday, November 15th. The shares were acquired at an average price of $18.39 per share, with a total value of $91,950.00. Following the acquisition, the director now owns 5,000 shares in the company, valued at approximately $91,950. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey E. Witherell acquired 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was bought 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 position. The disclosure for this purchase can be found here. Corporate insiders own 1.40% of the company’s stock.

Plymouth Industrial REIT Stock Down 1.2 %

PLYM opened at $17.73 on Friday. The company has a market capitalization of $804.75 million, a PE ratio of 886.50, a price-to-earnings-growth ratio of 1.47 and a beta of 1.34. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.12 and a quick ratio of 0.12. Plymouth Industrial REIT, Inc. has a fifty-two week low of $17.22 and a fifty-two week high of $24.71. The business has a 50-day moving average of $19.26 and a 200-day moving average of $21.49.

Plymouth Industrial REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 5.41%. The ex-dividend date is Tuesday, December 31st. Plymouth Industrial REIT’s payout ratio is presently 4,800.00%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on PLYM. Robert W. Baird reduced 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 downgraded Plymouth Industrial REIT from an “outperform” rating to a “neutral” rating and set a $23.00 price objective for the company. in a research note on Friday, November 8th. Barclays decreased their price objective on 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. Finally, Truist Financial dropped their target price on Plymouth Industrial REIT from $27.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, November 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $24.33.

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.