Plymouth Industrial REIT, Inc. (NYSE:PLYM) Position Increased by Barclays PLC

Barclays PLC grew its holdings in shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM) by 321.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 63,101 shares of the company’s stock after purchasing an additional 48,119 shares during the period. Barclays PLC owned 0.14% of Plymouth Industrial REIT worth $1,426,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Thrivent Financial for Lutherans raised its stake in Plymouth Industrial REIT by 6.4% during the third quarter. Thrivent Financial for Lutherans now owns 455,092 shares of the company’s stock worth $10,285,000 after acquiring an additional 27,463 shares during the period. Foundry Partners LLC bought a new position in shares of Plymouth Industrial REIT during the third quarter valued at approximately $3,725,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Plymouth Industrial REIT by 137.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 67,201 shares of the company’s stock worth $1,519,000 after purchasing an additional 38,850 shares during the period. Meros Investment Management LP lifted its holdings in shares of Plymouth Industrial REIT by 38.2% in the 2nd quarter. Meros Investment Management LP now owns 402,923 shares of the company’s stock worth $8,614,000 after purchasing an additional 111,339 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Plymouth Industrial REIT by 24.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 910,751 shares of the company’s stock valued at $20,583,000 after purchasing an additional 180,003 shares during the period. 92.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PLYM. Barclays dropped their target price on Plymouth Industrial REIT from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Monday, November 18th. BNP Paribas downgraded shares of Plymouth Industrial REIT from an “outperform” rating to a “neutral” rating and set a $23.00 price objective on the stock. in a research report on Friday, November 8th. Truist Financial reduced their target price on shares of Plymouth Industrial REIT from $27.00 to $22.00 and set a “buy” rating for the company in a research note on Friday, November 29th. Finally, Robert W. Baird dropped 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. One investment 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. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $24.33.

Plymouth Industrial REIT Trading Down 1.2 %

Shares of NYSE:PLYM opened at $17.73 on Friday. Plymouth Industrial REIT, Inc. has a twelve month low of $17.22 and a twelve month high of $24.71. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.42. The firm has a market cap of $804.75 million, a P/E ratio of 886.50, a P/E/G ratio of 1.47 and a beta of 1.34. The company has a 50 day moving average of $19.26 and a 200-day moving average of $21.49.

Plymouth Industrial REIT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 5.41%. The ex-dividend date of this dividend is Tuesday, December 31st. Plymouth Industrial REIT’s payout ratio is currently 4,800.00%.

Insider Activity

In other Plymouth Industrial REIT news, CEO Jeffrey E. Witherell acquired 2,000 shares of Plymouth Industrial REIT stock in a transaction dated Friday, November 15th. The stock was bought at an average price of $18.49 per share, for a total transaction of $36,980.00. Following the transaction, the chief executive officer now owns 252,248 shares in the company, valued at approximately $4,664,065.52. This trade represents a 0.80 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Pendleton P. Jr. White bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was acquired at an average price of $18.39 per share, for a total transaction of $91,950.00. Following the completion of the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $91,950. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.40% of the stock is owned by 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.