BNP Paribas Financial Markets Boosts Holdings in Plymouth Industrial REIT, Inc. (NYSE:PLYM)

BNP Paribas Financial Markets boosted its stake in Plymouth Industrial REIT, Inc. (NYSE:PLYM) by 40.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,884 shares of the company’s stock after acquiring an additional 3,448 shares during the period. BNP Paribas Financial Markets’ holdings in Plymouth Industrial REIT were worth $269,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Daiwa Securities Group Inc. raised its position in Plymouth Industrial REIT by 11.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 12,834 shares of the company’s stock worth $290,000 after buying an additional 1,317 shares during the last quarter. Copeland Capital Management LLC acquired a new position in shares of Plymouth Industrial REIT during the third quarter worth about $43,000. Loomis Sayles & Co. L P increased its stake in shares of Plymouth Industrial REIT by 3,130.6% during the third quarter. Loomis Sayles & Co. L P now owns 2,003 shares of the company’s stock worth $45,000 after acquiring an additional 1,941 shares during the period. Victory Capital Management Inc. boosted its holdings in Plymouth Industrial REIT by 4.7% in the 3rd quarter. Victory Capital Management Inc. now owns 57,700 shares of the company’s stock valued at $1,304,000 after purchasing an additional 2,600 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its position in Plymouth Industrial REIT by 0.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 427,629 shares of the company’s stock worth $9,143,000 after purchasing an additional 2,683 shares during the period. Institutional investors and hedge funds own 92.67% of the company’s stock.

Insider Buying and Selling

In related news, CEO Jeffrey E. Witherell purchased 2,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were bought at an average price of $18.49 per share, with a total value of $36,980.00. Following the completion of the purchase, the chief executive officer now directly 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 filing with the SEC, which is available at this hyperlink. Also, Director Pendleton P. Jr. White acquired 5,000 shares of the stock in a transaction dated Friday, November 15th. The shares were bought at an average cost of $18.39 per share, with a total value of $91,950.00. Following the completion of the purchase, the director now directly owns 5,000 shares in the company, valued at approximately $91,950. This trade 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 company insiders.

Plymouth Industrial REIT Stock Performance

NYSE PLYM opened at $18.93 on Monday. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 1.42. The stock has a market cap 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, Inc. has a fifty-two week low of $18.08 and a fifty-two week high of $25.55. The business has a fifty day moving average of $19.95 and a 200-day moving average of $21.70.

Plymouth Industrial REIT Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on PLYM. Robert W. Baird reduced their price target on Plymouth Industrial REIT from $26.00 to $25.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. JMP Securities reissued a “market outperform” rating and issued a $27.00 target price on shares of Plymouth Industrial REIT in a report on Wednesday, August 28th. Truist Financial lowered their price target on shares of Plymouth Industrial REIT from $27.00 to $22.00 and set a “buy” rating on the stock in a research note on Friday, November 29th. 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 note on Friday, November 8th. Finally, BMO Capital Markets decreased their price objective 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 issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $24.33.

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.