Plymouth Industrial REIT, Inc. (NYSE:PLYM) Shares Sold by Uniplan Investment Counsel Inc.

Uniplan Investment Counsel Inc. lowered its stake in Plymouth Industrial REIT, Inc. (NYSE:PLYM) by 1.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 254,912 shares of the company’s stock after selling 3,109 shares during the period. Uniplan Investment Counsel Inc.’s holdings in Plymouth Industrial REIT were worth $4,537,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Quadrant Capital Group LLC raised its stake in Plymouth Industrial REIT by 38.1% during the fourth quarter. Quadrant Capital Group LLC now owns 3,060 shares of the company’s stock valued at $54,000 after buying an additional 844 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in Plymouth Industrial REIT during the fourth quarter worth $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 period. Los Angeles Capital Management LLC bought a new stake in Plymouth Industrial REIT during the fourth quarter valued at $194,000. Finally, ZWJ Investment Counsel Inc. acquired a new stake in shares of Plymouth Industrial REIT during the fourth quarter worth $203,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

Analyst Ratings Changes

PLYM has been the subject of a number of recent research reports. Wedbush set a $17.00 price objective on shares of Plymouth Industrial REIT in a research report on Friday, February 28th. Robert W. Baird dropped their price target on Plymouth Industrial REIT from $21.00 to $20.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 5th. JPMorgan Chase & Co. reduced their price objective on Plymouth Industrial REIT from $20.00 to $19.00 and set an “underweight” rating for the company in a research report on Tuesday, January 14th. Truist Financial dropped their target price on Plymouth Industrial REIT from $20.00 to $18.00 and set a “hold” rating on the stock in a research report on Monday, March 24th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $27.00 price objective on shares of Plymouth Industrial REIT in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Plymouth Industrial REIT has an average rating of “Hold” and an average target price of $21.20.

Plymouth Industrial REIT Stock Performance

PLYM stock opened at $14.41 on Tuesday. The company has a 50-day simple moving average of $16.06 and a 200 day simple moving average of $17.77. The company has a market capitalization of $656.39 million, a P/E ratio of 720.50 and a beta of 1.19. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 1.42. Plymouth Industrial REIT, Inc. has a fifty-two week low of $12.70 and a fifty-two week high of $24.71.

Plymouth Industrial REIT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.66%. The ex-dividend date of this dividend is Monday, March 31st. Plymouth Industrial REIT’s dividend payout ratio is currently 31.37%.

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.