Plymouth Industrial REIT, Inc. (NYSE:PLYM) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. decreased its position in Plymouth Industrial REIT, Inc. (NYSE:PLYM) by 2.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 57,956 shares of the company’s stock after selling 1,383 shares during the period. D.A. Davidson & CO.’s holdings in Plymouth Industrial REIT were worth $1,032,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Jennison Associates LLC boosted its position in shares of Plymouth Industrial REIT by 4.1% in the 3rd quarter. Jennison Associates LLC now owns 4,401,384 shares of the company’s stock worth $99,471,000 after buying an additional 174,836 shares in the last quarter. State Street Corp raised its position in Plymouth Industrial REIT by 1.4% during the third quarter. State Street Corp now owns 1,223,747 shares of the company’s stock worth $27,949,000 after acquiring an additional 16,398 shares during the last quarter. Geode Capital Management LLC raised its position in Plymouth Industrial REIT by 2.9% during the third quarter. Geode Capital Management LLC now owns 1,047,832 shares of the company’s stock worth $23,685,000 after acquiring an additional 29,924 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Plymouth Industrial REIT by 24.6% in the third 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 in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Plymouth Industrial REIT by 8.1% in the third quarter. JPMorgan Chase & Co. now owns 890,653 shares of the company’s stock valued at $20,129,000 after purchasing an additional 66,886 shares during the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Plymouth Industrial REIT Stock Performance

NYSE PLYM opened at $16.44 on Monday. 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 company has a market capitalization of $745.98 million, a PE ratio of 821.75 and a beta of 1.33. The business’s 50-day moving average price is $17.12 and its 200 day moving average price is $19.92. Plymouth Industrial REIT, Inc. has a twelve month low of $16.20 and a twelve month high of $24.71.

Plymouth Industrial REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were given a $0.24 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.96 annualized dividend and a dividend yield of 5.84%. Plymouth Industrial REIT’s dividend payout ratio is presently 4,800.00%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PLYM. JMP Securities restated a “market outperform” rating and set a $27.00 price objective on shares of Plymouth Industrial REIT in a research report on Tuesday, January 14th. Truist Financial cut Plymouth Industrial REIT from a “buy” rating to a “hold” rating in a report on Friday, January 17th. JPMorgan Chase & Co. decreased their price objective on Plymouth Industrial REIT from $20.00 to $19.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 14th. BNP Paribas downgraded shares of Plymouth Industrial REIT from an “outperform” rating to a “neutral” rating and set a $23.00 target price for the company. in a research note on Friday, November 8th. Finally, Robert W. Baird reduced their target price on shares of Plymouth Industrial REIT from $26.00 to $25.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $23.89.

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.