Westwood Holdings Group Inc. Has $63.37 Million Stock Position in Plymouth Industrial REIT, Inc. (NYSE:PLYM)

Westwood Holdings Group Inc. raised its holdings in Plymouth Industrial REIT, Inc. (NYSE:PLYM) by 1.0% during the second quarter, HoldingsChannel reports. The firm owned 2,964,075 shares of the company’s stock after acquiring an additional 28,272 shares during the quarter. Westwood Holdings Group Inc. owned 0.07% of Plymouth Industrial REIT worth $63,372,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Plymouth Industrial REIT by 19.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 562,177 shares of the company’s stock valued at $13,532,000 after purchasing an additional 90,645 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Plymouth Industrial REIT by 246.7% during the fourth quarter. BNP Paribas Financial Markets now owns 63,966 shares of the company’s stock worth $1,540,000 after buying an additional 45,517 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Plymouth Industrial REIT by 77.4% during the fourth quarter. Quadrant Capital Group LLC now owns 1,751 shares of the company’s stock worth $42,000 after buying an additional 764 shares in the last quarter. Bard Associates Inc. lifted its stake in shares of Plymouth Industrial REIT by 2.6% in the 4th quarter. Bard Associates Inc. now owns 30,203 shares of the company’s stock valued at $734,000 after acquiring an additional 754 shares during the last quarter. Finally, Pinebridge Investments L.P. acquired a new stake in shares of Plymouth Industrial REIT during the 4th quarter valued at $654,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

Plymouth Industrial REIT Stock Down 3.1 %

Shares of NYSE PLYM opened at $22.54 on Friday. Plymouth Industrial REIT, Inc. has a 52-week low of $19.21 and a 52-week high of $25.55. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.16 and a current ratio of 0.16. The company’s 50 day moving average price is $23.59 and its 200-day moving average price is $22.04. The company has a market capitalization of $1.02 billion, a P/E ratio of 52.42, a price-to-earnings-growth ratio of 1.75 and a beta of 1.36.

Plymouth Industrial REIT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be given a dividend of $0.24 per share. The ex-dividend date is Monday, September 30th. This represents a $0.96 dividend on an annualized basis and a yield of 4.26%. Plymouth Industrial REIT’s dividend payout ratio (DPR) is currently 223.26%.

Insiders Place Their Bets

In other news, major shareholder Mirelf Vi Reit Investments Iv, sold 563,438 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $23.58, for a total value of $13,285,868.04. Following the transaction, the insider now directly owns 4,474,292 shares of the company’s stock, valued at approximately $105,503,805.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on PLYM shares. Barclays upped their target price on Plymouth Industrial REIT from $22.00 to $25.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 14th. Truist Financial raised their price objective on shares of Plymouth Industrial REIT from $26.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. JPMorgan Chase & Co. reduced their target price on shares of Plymouth Industrial REIT from $24.00 to $23.00 and set an “underweight” rating on the stock in a report on Wednesday, July 10th. JMP Securities reaffirmed a “market outperform” rating and set a $27.00 price target on shares of Plymouth Industrial REIT in a research note on Wednesday, August 28th. Finally, BMO Capital Markets cut their price target on shares of Plymouth Industrial REIT from $26.00 to $25.00 and set a “market perform” rating on the stock in a report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $25.57.

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.