Captrust Financial Advisors Buys Shares of 10,985 Plymouth Industrial REIT, Inc. (NYSE:PLYM)

Captrust Financial Advisors bought a new stake in shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,985 shares of the company’s stock, valued at approximately $248,000.

A number of other large investors have also recently modified their holdings of the company. Copeland Capital Management LLC bought a new position in Plymouth Industrial REIT in the third quarter worth approximately $43,000. Loomis Sayles & Co. L P boosted its holdings in Plymouth Industrial REIT by 3,130.6% in the third quarter. Loomis Sayles & Co. L P now owns 2,003 shares of the company’s stock valued at $45,000 after purchasing an additional 1,941 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its stake 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 worth $202,000 after acquiring an additional 7,668 shares in the last quarter. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Plymouth Industrial REIT during the 3rd quarter worth about $202,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Plymouth Industrial REIT during the 3rd quarter worth about $204,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PLYM. Barclays reduced their price target 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. JMP Securities reissued a “market outperform” rating and issued a $27.00 price target on shares of Plymouth Industrial REIT in a research report on Wednesday, August 28th. BNP Paribas cut shares of Plymouth Industrial REIT from an “outperform” rating to a “neutral” rating and set a $23.00 price objective for the company. in a research report on Friday, November 8th. Robert W. Baird cut their price target on shares of Plymouth Industrial REIT from $26.00 to $25.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. Finally, BMO Capital Markets lowered their target price 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 analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $24.33.

Plymouth Industrial REIT Stock Performance

Shares of PLYM stock opened at $18.93 on Monday. The company has a 50 day moving average price of $19.95 and a 200 day moving average price of $21.70. 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 one year low of $18.08 and a one year high of $25.55. The firm has a market capitalization of $859.23 million, a price-to-earnings ratio of 946.50, a price-to-earnings-growth ratio of 1.47 and a beta of 1.34.

Plymouth Industrial REIT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 5.07%. The ex-dividend date is Tuesday, December 31st. Plymouth Industrial REIT’s dividend payout ratio (DPR) is presently 4,800.00%.

Insiders Place Their Bets

In other news, Director Pendleton P. Jr. White acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were purchased at an average cost of $18.39 per share, for a total transaction of $91,950.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at $91,950. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey E. Witherell acquired 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were bought 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 of the company’s stock, valued at approximately $4,664,065.52. This represents 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 owned by company insiders.

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.