17,398 Shares in Plymouth Industrial REIT, Inc. (NYSE:PLYM) Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new stake in Plymouth Industrial REIT, Inc. (NYSE:PLYM) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 17,398 shares of the company’s stock, valued at approximately $393,000.

Several other large investors have also modified their holdings of the company. Copeland Capital Management LLC purchased a new position in shares of Plymouth Industrial REIT in the 3rd quarter valued at approximately $43,000. EntryPoint Capital LLC grew its position in Plymouth Industrial REIT by 33.9% in the 1st quarter. EntryPoint Capital LLC now owns 4,997 shares of the company’s stock valued at $112,000 after buying an additional 1,266 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its stake 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 buying an additional 7,668 shares during the period. Hennion & Walsh Asset Management Inc. purchased a new position in Plymouth Industrial REIT during the 3rd quarter worth $202,000. Finally, SG Americas Securities LLC purchased a new position in Plymouth Industrial REIT during the 3rd quarter worth $204,000. 92.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Truist Financial boosted their price target on shares of Plymouth Industrial REIT from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Robert W. Baird cut their target price on Plymouth Industrial REIT from $26.00 to $25.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. JMP Securities reissued a “market outperform” rating and issued a $27.00 price target on shares of Plymouth Industrial REIT in a report on Wednesday, August 28th. BMO Capital Markets dropped their price objective on 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. Finally, Wedbush raised their target price on Plymouth Industrial REIT from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, August 5th. One 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $24.89.

Insiders Place Their Bets

In related news, Director Pendleton P. Jr. White acquired 5,000 shares of Plymouth Industrial REIT stock in a transaction dated Friday, November 15th. The shares were acquired at an average cost of $18.39 per share, for a total transaction of $91,950.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $91,950. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jeffrey E. Witherell acquired 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were bought at an average cost of $18.49 per share, for a total transaction of $36,980.00. Following the purchase, the chief executive officer now owns 252,248 shares of the company’s stock, valued at approximately $4,664,065.52. The trade was 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 company insiders.

Plymouth Industrial REIT Stock Up 0.7 %

Plymouth Industrial REIT stock opened at $18.86 on Friday. The firm has a market capitalization of $856.08 million, a price-to-earnings ratio of 943.03, a price-to-earnings-growth ratio of 1.44 and a beta of 1.37. 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 fifty-two week low of $18.08 and a fifty-two week high of $25.55. The stock’s fifty day moving average is $21.20 and its two-hundred day moving average is $21.91.

Plymouth Industrial REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.96 annualized dividend and a yield of 5.09%. Plymouth Industrial REIT’s dividend payout ratio (DPR) is currently 4,800.00%.

About Plymouth Industrial REIT

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.