SG Americas Securities LLC Purchases Shares of 9,032 Plymouth Industrial REIT, Inc. (NYSE:PLYM)

SG Americas Securities LLC bought a new stake in shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,032 shares of the company’s stock, valued at approximately $204,000.

Several other institutional investors and hedge funds also recently made changes to their positions in PLYM. EntryPoint Capital LLC boosted its position in shares of Plymouth Industrial REIT by 33.9% during the 1st quarter. EntryPoint Capital LLC now owns 4,997 shares of the company’s stock valued at $112,000 after purchasing an additional 1,266 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Plymouth Industrial REIT by 431.0% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,447 shares of the company’s stock valued at $202,000 after purchasing an additional 7,668 shares in the last quarter. Blue Trust Inc. bought a new stake in shares of Plymouth Industrial REIT during the 2nd quarter valued at about $207,000. Daiwa Securities Group Inc. boosted its position in shares of Plymouth Industrial REIT by 8.6% during the 1st quarter. Daiwa Securities Group Inc. now owns 11,838 shares of the company’s stock valued at $266,000 after purchasing an additional 939 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Plymouth Industrial REIT by 17.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,008 shares of the company’s stock valued at $293,000 after purchasing an additional 1,892 shares in the last quarter. Institutional investors own 92.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on PLYM shares. B. Riley upped their target price on Plymouth Industrial REIT from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Barclays increased their price target 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. JMP Securities reiterated a “market outperform” rating and issued a $27.00 price target on shares of Plymouth Industrial REIT in a report on Wednesday, August 28th. JPMorgan Chase & Co. cut their price target on Plymouth Industrial REIT from $24.00 to $23.00 and set an “underweight” rating on the stock in a report on Wednesday, July 10th. Finally, Truist Financial increased their price target on Plymouth Industrial REIT from $26.00 to $27.00 and gave the stock a “buy” rating 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 given a buy rating to the company. Based on data from MarketBeat.com, Plymouth Industrial REIT has an average rating of “Hold” and a consensus target price of $25.57.

Insider Transactions at Plymouth Industrial REIT

In other news, major shareholder Mirelf Vi Reit Investments Iv, sold 563,438 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 4,474,292 shares of the company’s stock, valued at $105,503,805.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.40% of the company’s stock.

Plymouth Industrial REIT Stock Performance

Shares of Plymouth Industrial REIT stock opened at $21.07 on Wednesday. The company has a market cap of $956.58 million, a PE ratio of 39.02, a price-to-earnings-growth ratio of 1.63 and a beta of 1.36. Plymouth Industrial REIT, Inc. has a 52 week low of $19.21 and a 52 week high of $25.55. The business has a 50 day moving average price of $22.83 and a 200-day moving average price of $22.06. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 1.49.

Plymouth Industrial REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 4.56%. The ex-dividend date is Monday, September 30th. Plymouth Industrial REIT’s dividend payout ratio (DPR) is presently 177.78%.

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.