Knights of Columbus Asset Advisors LLC Reduces Stock Holdings in Plymouth Industrial REIT, Inc. (NYSE:PLYM)

Knights of Columbus Asset Advisors LLC lessened its holdings in shares of Plymouth Industrial REIT, Inc. (NYSE:PLYMFree Report) by 1.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,809 shares of the company’s stock after selling 1,374 shares during the period. Knights of Columbus Asset Advisors LLC owned approximately 0.22% of Plymouth Industrial REIT worth $2,070,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PLYM. State of Wyoming purchased a new position in shares of Plymouth Industrial REIT during the 2nd quarter valued at about $29,000. Spirit of America Management Corp NY purchased a new position in Plymouth Industrial REIT during the third quarter valued at approximately $31,000. Tower Research Capital LLC TRC lifted its holdings in Plymouth Industrial REIT by 73.4% in the third quarter. Tower Research Capital LLC TRC now owns 2,337 shares of the company’s stock valued at $39,000 after acquiring an additional 989 shares during the period. Captrust Financial Advisors purchased a new stake in Plymouth Industrial REIT in the 2nd quarter worth approximately $60,000. Finally, Ameritas Investment Partners Inc. grew its stake in shares of Plymouth Industrial REIT by 24.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,548 shares of the company’s stock worth $82,000 after purchasing an additional 691 shares during the period. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Plymouth Industrial REIT Stock Down 1.1 %

PLYM opened at $22.48 on Thursday. The firm’s fifty day simple moving average is $22.92 and its two-hundred day simple moving average is $22.27. Plymouth Industrial REIT, Inc. has a 52-week low of $19.21 and a 52-week high of $25.55. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 1.65.

Plymouth Industrial REIT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, December 29th will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date of this dividend is Thursday, December 28th. Plymouth Industrial REIT’s dividend payout ratio is presently -750.00%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PLYM. Truist Financial decreased their target price on shares of Plymouth Industrial REIT from $26.00 to $24.00 and set a “buy” rating for the company in a research note on Monday, November 6th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $25.00 price objective (up previously from $23.00) on shares of Plymouth Industrial REIT in a research report on Monday, December 18th.

Check Out Our Latest Research Report on Plymouth Industrial REIT

About Plymouth Industrial REIT

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Plymouth Industrial REIT (NYSE:PLYM)

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