Pensionfund DSM Netherlands Lowers Stock Holdings in Plymouth Industrial REIT, Inc. (NYSE:PLYM)

Pensionfund DSM Netherlands decreased its position in shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM) by 15.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,000 shares of the company’s stock after selling 15,000 shares during the period. Pensionfund DSM Netherlands owned about 0.18% of Plymouth Industrial REIT worth $1,477,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PLYM. JPMorgan Chase & Co. increased its stake in Plymouth Industrial REIT by 8.1% during the third quarter. JPMorgan Chase & Co. now owns 890,653 shares of the company’s stock worth $20,129,000 after purchasing an additional 66,886 shares during the period. Tidal Investments LLC increased its stake in Plymouth Industrial REIT by 7.4% during the 3rd quarter. Tidal Investments LLC now owns 23,433 shares of the company’s stock worth $530,000 after buying an additional 1,614 shares during the period. Barclays PLC increased its position in shares of Plymouth Industrial REIT by 321.2% during the third quarter. Barclays PLC now owns 63,101 shares of the company’s stock worth $1,426,000 after acquiring an additional 48,119 shares during the period. Geode Capital Management LLC raised its position in Plymouth Industrial REIT by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,047,832 shares of the company’s stock valued at $23,685,000 after purchasing an additional 29,924 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its holdings in Plymouth Industrial REIT by 1.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 47,100 shares of the company’s stock valued at $1,064,000 after acquiring an additional 900 shares in the last quarter. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Barclays reduced their price objective 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. Truist Financial cut their price target 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. Robert W. Baird lowered their target price on shares of Plymouth Industrial REIT from $26.00 to $25.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. Finally, BNP Paribas downgraded shares of Plymouth Industrial REIT from an “outperform” rating to a “neutral” rating and set a $23.00 price target for the company. in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $24.33.

Insider Buying and Selling

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

Plymouth Industrial REIT Stock Up 0.2 %

Shares of PLYM stock traded up $0.03 during trading hours on Monday, reaching $17.43. The company had a trading volume of 18,357 shares, compared to its average volume of 105,430. The stock’s fifty day simple moving average is $18.92 and its 200 day simple moving average is $21.38. The company has a market capitalization of $791.13 million, a P/E ratio of 871.50, 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 quick ratio of 0.12 and a current ratio of 0.12. Plymouth Industrial REIT, Inc. has a twelve month low of $17.20 and a twelve month high of $24.71.

Plymouth Industrial REIT Dividend Announcement

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. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.96 annualized dividend and a dividend yield of 5.51%. Plymouth Industrial REIT’s dividend payout ratio (DPR) is presently 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.