CANADA LIFE ASSURANCE Co Purchases 6,703 Shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM)

CANADA LIFE ASSURANCE Co raised its stake in shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM) by 14.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,310 shares of the company’s stock after buying an additional 6,703 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in Plymouth Industrial REIT were worth $929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its holdings in shares of Plymouth Industrial REIT by 1.7% in the fourth quarter. JPMorgan Chase & Co. now owns 906,149 shares of the company’s stock worth $16,129,000 after purchasing an additional 15,496 shares during the last quarter. Thompson Siegel & Walmsley LLC purchased a new stake in shares of Plymouth Industrial REIT in the fourth quarter valued at approximately $7,443,000. Heartland Advisors Inc. boosted its holdings in shares of Plymouth Industrial REIT by 75.5% in the fourth quarter. Heartland Advisors Inc. now owns 351,000 shares of the company’s stock valued at $6,248,000 after purchasing an additional 151,000 shares during the period. State of New Jersey Common Pension Fund D boosted its holdings in shares of Plymouth Industrial REIT by 6.5% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 246,404 shares of the company’s stock valued at $4,386,000 after purchasing an additional 15,029 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Plymouth Industrial REIT by 22.4% during the fourth quarter. Bank of New York Mellon Corp now owns 224,504 shares of the company’s stock worth $3,996,000 after buying an additional 41,033 shares during the period. 92.67% of the stock is currently owned by institutional investors.

Plymouth Industrial REIT Stock Up 1.8 %

Shares of NYSE:PLYM opened at $14.89 on Tuesday. 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 business has a fifty day moving average of $15.87 and a two-hundred day moving average of $17.53. The stock has a market cap of $678.25 million, a P/E ratio of 744.50 and a beta of 1.19. Plymouth Industrial REIT, Inc. has a 52-week low of $12.70 and a 52-week high of $24.71.

Plymouth Industrial REIT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 6.45%. The ex-dividend date of this dividend is Monday, March 31st. Plymouth Industrial REIT’s payout ratio is currently 31.37%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PLYM. Robert W. Baird lowered their target price on Plymouth Industrial REIT from $21.00 to $20.00 and set an “outperform” rating for the company in a report on Wednesday, March 5th. JPMorgan Chase & Co. decreased their target price on Plymouth Industrial REIT from $20.00 to $19.00 and set an “underweight” rating for the company in a report on Tuesday, January 14th. Wedbush set a $17.00 target price on Plymouth Industrial REIT in a report on Friday, February 28th. JMP Securities reissued a “market outperform” rating and issued a $27.00 price target on shares of Plymouth Industrial REIT in a report on Tuesday, January 14th. Finally, Barclays decreased their price target on Plymouth Industrial REIT from $22.00 to $18.00 and set an “equal weight” rating for the company in a report on Monday, March 31st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $21.20.

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.