EMC Capital Management cut its stake in shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM – Free Report) by 46.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,685 shares of the company’s stock after selling 6,795 shares during the quarter. EMC Capital Management’s holdings in Plymouth Industrial REIT were worth $161,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Deutsche Bank AG grew its holdings in Plymouth Industrial REIT by 14.1% in the 3rd quarter. Deutsche Bank AG now owns 24,773 shares of the company’s stock worth $519,000 after buying an additional 3,066 shares in the last quarter. HighTower Advisors LLC grew its holdings in Plymouth Industrial REIT by 5.3% in the 3rd quarter. HighTower Advisors LLC now owns 9,713 shares of the company’s stock worth $203,000 after buying an additional 492 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Plymouth Industrial REIT by 53.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 471,532 shares of the company’s stock worth $9,879,000 after buying an additional 164,031 shares in the last quarter. Keeley Teton Advisors LLC grew its holdings in Plymouth Industrial REIT by 124.8% in the 3rd quarter. Keeley Teton Advisors LLC now owns 165,436 shares of the company’s stock worth $3,466,000 after buying an additional 91,834 shares in the last quarter. Finally, Swiss National Bank grew its holdings in Plymouth Industrial REIT by 0.9% in the 3rd quarter. Swiss National Bank now owns 85,200 shares of the company’s stock worth $1,785,000 after buying an additional 800 shares in the last quarter. 92.67% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on PLYM shares. Truist Financial decreased their price target on 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. JMP Securities raised Plymouth Industrial REIT from a “market perform” rating to an “outperform” rating and set a $27.00 price target for the company in a research note on Monday, January 22nd. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $25.00 price target (up from $23.00) on shares of Plymouth Industrial REIT in a research note on Monday, December 18th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.60.
Plymouth Industrial REIT Stock Performance
Shares of NYSE:PLYM opened at $22.35 on Tuesday. Plymouth Industrial REIT, Inc. has a one year low of $19.21 and a one year high of $25.55. The stock has a fifty day moving average of $23.27 and a 200-day moving average of $22.17. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 1.65.
Plymouth Industrial REIT Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th were given a dividend of $0.225 per share. The ex-dividend date was Thursday, December 28th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.03%. Plymouth Industrial REIT’s dividend payout ratio (DPR) is presently -750.00%.
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.
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