Susquehanna Portfolio Strategies LLC Has $417,000 Holdings in Plymouth Industrial REIT, Inc. (NYSE:PLYM)

Susquehanna Portfolio Strategies LLC trimmed its position in shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM) by 18.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,523 shares of the company’s stock after selling 4,298 shares during the quarter. Susquehanna Portfolio Strategies LLC’s holdings in Plymouth Industrial REIT were worth $417,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PLYM. New York State Teachers Retirement System bought a new stake in Plymouth Industrial REIT during the 1st quarter valued at $89,000. Garner Asset Management Corp bought a new stake in shares of Plymouth Industrial REIT during the fourth quarter worth about $98,000. EntryPoint Capital LLC raised its holdings in shares of Plymouth Industrial REIT by 33.9% in the 1st quarter. EntryPoint Capital LLC now owns 4,997 shares of the company’s stock worth $112,000 after acquiring an additional 1,266 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position in Plymouth Industrial REIT by 431.0% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,447 shares of the company’s stock valued at $202,000 after acquiring an additional 7,668 shares in the last quarter. Finally, Blue Trust Inc. bought a new position in Plymouth Industrial REIT in the 2nd quarter valued at about $207,000. 92.67% of the stock is currently owned by institutional investors.

Insider Activity

In related news, major shareholder Mirelf Vi Reit Investments Iv, sold 563,438 shares of Plymouth Industrial REIT stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $23.58, for a total value of $13,285,868.04. Following the sale, the insider now owns 4,474,292 shares of the company’s stock, valued at approximately $105,503,805.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

PLYM has been the subject of several analyst reports. Barclays increased their price objective on Plymouth Industrial REIT from $22.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 14th. B. Riley raised their price objective on Plymouth Industrial REIT from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Wedbush lifted their price objective on shares of Plymouth Industrial REIT from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. JMP Securities reiterated a “market outperform” rating and issued a $27.00 target price on shares of Plymouth Industrial REIT in a report 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 research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Plymouth Industrial REIT has a consensus rating of “Hold” and a consensus target price of $25.57.

Plymouth Industrial REIT Price Performance

Shares of NYSE:PLYM opened at $22.84 on Friday. The company has a market capitalization of $1.04 billion, a P/E ratio of 53.12, a price-to-earnings-growth ratio of 1.72 and a beta of 1.36. The company’s 50-day moving average is $23.50 and its 200 day moving average is $22.08. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.16 and a current ratio of 0.16. Plymouth Industrial REIT, Inc. has a fifty-two week low of $19.21 and a fifty-two week high of $25.55.

Plymouth Industrial REIT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date is Monday, September 30th. Plymouth Industrial REIT’s payout ratio is 223.26%.

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.