Charles Schwab Investment Management Inc. Has $11.73 Million Holdings in Plymouth Industrial REIT, Inc. (NYSE:PLYM)

Charles Schwab Investment Management Inc. decreased its stake in shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM) by 27.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 659,204 shares of the company’s stock after selling 251,547 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.45% of Plymouth Industrial REIT worth $11,734,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in PLYM. Foundry Partners LLC bought a new position in shares of Plymouth Industrial REIT during the 3rd quarter worth approximately $3,725,000. JPMorgan Chase & Co. boosted its holdings in Plymouth Industrial REIT by 8.1% during the third quarter. JPMorgan Chase & Co. now owns 890,653 shares of the company’s stock worth $20,129,000 after purchasing an additional 66,886 shares during the last quarter. Adams Asset Advisors LLC bought a new position in Plymouth Industrial REIT in the fourth quarter valued at $1,068,000. Jane Street Group LLC lifted its position in Plymouth Industrial REIT by 122.0% during the 3rd quarter. Jane Street Group LLC now owns 94,991 shares of the company’s stock worth $2,147,000 after buying an additional 52,197 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Plymouth Industrial REIT by 321.2% in the third quarter. Barclays PLC now owns 63,101 shares of the company’s stock valued at $1,426,000 after acquiring an additional 48,119 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Plymouth Industrial REIT Price Performance

Shares of PLYM opened at $17.05 on Friday. The business has a 50-day moving average of $16.84 and a 200-day moving average of $19.03. Plymouth Industrial REIT, Inc. has a 1 year low of $16.06 and a 1 year high of $24.71. The company has a market capitalization of $776.42 million, a price-to-earnings ratio of 852.25 and a beta of 1.45. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.12 and a quick ratio of 0.12.

Plymouth Industrial REIT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a dividend of $0.24 per share. The ex-dividend date is Monday, March 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.63%. Plymouth Industrial REIT’s payout ratio is presently 31.37%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PLYM. Truist Financial downgraded Plymouth Industrial REIT from a “buy” rating to a “hold” rating in a report on Friday, January 17th. Robert W. Baird cut their price target on shares of Plymouth Industrial REIT from $21.00 to $20.00 and set an “outperform” rating for the company in a research note on Wednesday, March 5th. JMP Securities restated a “market outperform” rating and set a $27.00 price objective on shares of Plymouth Industrial REIT in a research note on Tuesday, January 14th. JPMorgan Chase & Co. dropped their target price on shares of Plymouth Industrial REIT from $20.00 to $19.00 and set an “underweight” rating on the stock in a report on Tuesday, January 14th. Finally, Wedbush set a $17.00 price target on Plymouth Industrial REIT in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Plymouth Industrial REIT presently has an average rating of “Hold” and an average target price of $22.44.

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.