F M Investments LLC Decreases Stake in Plymouth Industrial REIT, Inc. (NYSE:PLYM)

F M Investments LLC cut its holdings in shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM) by 67.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 94,140 shares of the company’s stock after selling 190,911 shares during the quarter. F M Investments LLC’s holdings in Plymouth Industrial REIT were worth $1,676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Quadrant Capital Group LLC lifted its stake in Plymouth Industrial REIT by 38.1% during the 4th quarter. Quadrant Capital Group LLC now owns 3,060 shares of the company’s stock valued at $54,000 after acquiring an additional 844 shares during the period. KLP Kapitalforvaltning AS bought a new position in Plymouth Industrial REIT during the fourth quarter valued at approximately $148,000. SG Americas Securities LLC boosted its holdings in Plymouth Industrial REIT by 15.0% in the fourth quarter. SG Americas Securities LLC now owns 10,390 shares of the company’s stock worth $185,000 after purchasing an additional 1,358 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in Plymouth Industrial REIT in the 4th quarter worth approximately $194,000. Finally, ZWJ Investment Counsel Inc. purchased a new stake in Plymouth Industrial REIT during the 4th quarter valued at $203,000. 92.67% of the stock is currently owned by institutional investors.

Plymouth Industrial REIT Trading Up 2.5 %

Shares of PLYM opened at $14.05 on Friday. The firm has a market cap of $639.95 million, a P/E ratio of 702.45 and a beta of 1.19. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.12 and a quick ratio of 0.12. Plymouth Industrial REIT, Inc. has a 1 year low of $12.70 and a 1 year high of $24.71. The company has a 50 day simple moving average of $16.32 and a two-hundred day simple moving average of $18.13.

Plymouth Industrial REIT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.96 annualized dividend and a yield of 6.83%. Plymouth Industrial REIT’s payout ratio is 31.37%.

Wall Street Analyst Weigh In

PLYM has been the topic of a number of research reports. Truist Financial dropped their price target on Plymouth Industrial REIT from $20.00 to $18.00 and set a “hold” rating on the stock in a research note on Monday, March 24th. KeyCorp cut their price target on Plymouth Industrial REIT from $23.00 to $18.00 and set an “overweight” rating for the company in a research note on Tuesday. Wedbush set a $17.00 price objective on shares of Plymouth Industrial REIT in a research note on Friday, February 28th. Barclays cut their target price on shares of Plymouth Industrial REIT from $22.00 to $18.00 and set an “equal weight” rating for the company in a research report on Monday, March 31st. Finally, JPMorgan Chase & Co. decreased their price target on shares of Plymouth Industrial REIT from $20.00 to $19.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.