Nisa Investment Advisors LLC Has $363,000 Holdings in Plymouth Industrial REIT, Inc. (NYSE:PLYM)

Nisa Investment Advisors LLC cut its position in shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM) by 3.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,063 shares of the company’s stock after selling 600 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Plymouth Industrial REIT were worth $363,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of PLYM. International Assets Investment Management LLC increased its position in shares of Plymouth Industrial REIT by 2,306.3% during the fourth quarter. International Assets Investment Management LLC now owns 1,155 shares of the company’s stock worth $28,000 after buying an additional 1,107 shares during the period. State of Wyoming acquired a new stake in shares of Plymouth Industrial REIT during the second quarter worth $29,000. Spirit of America Management Corp NY acquired a new stake in shares of Plymouth Industrial REIT during the third quarter worth $31,000. Tower Research Capital LLC TRC increased its position in shares of Plymouth Industrial REIT by 73.4% during the third quarter. Tower Research Capital LLC TRC now owns 2,337 shares of the company’s stock worth $39,000 after buying an additional 989 shares during the period. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Plymouth Industrial REIT during the third quarter worth $53,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on PLYM. JMP Securities upgraded shares of Plymouth Industrial REIT from a “market perform” rating to an “outperform” rating and set a $27.00 price objective on the stock in a report on Monday, January 22nd. Truist Financial decreased their target price on Plymouth Industrial REIT from $26.00 to $24.00 and set a “buy” rating for the company in a research report on Thursday, February 29th. Finally, Barclays assumed coverage on Plymouth Industrial REIT in a research report on Wednesday, March 27th. They issued an “equal weight” rating and a $22.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Plymouth Industrial REIT presently has an average rating of “Moderate Buy” and a consensus price target of $25.00.

Plymouth Industrial REIT Stock Performance

Shares of Plymouth Industrial REIT stock opened at $20.06 on Friday. The firm has a market capitalization of $910.32 million, a price-to-earnings ratio of 105.58, a PEG ratio of 1.53 and a beta of 1.36. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.11 and a quick ratio of 0.11. Plymouth Industrial REIT, Inc. has a one year low of $19.21 and a one year high of $25.55. The business has a 50-day simple moving average of $21.71 and a 200 day simple moving average of $21.97.

Plymouth Industrial REIT Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.24 per share. The ex-dividend date is Wednesday, March 27th. This represents a $0.96 dividend on an annualized basis and a yield of 4.79%. This is an increase from Plymouth Industrial REIT’s previous quarterly dividend of $0.23. Plymouth Industrial REIT’s payout ratio is 505.26%.

Insider Buying and Selling at Plymouth Industrial REIT

In related news, Director Pendleton P. White purchased 4,000 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was acquired at an average price of $21.58 per share, for a total transaction of $86,320.00. Following the purchase, the director now owns 4,000 shares of the company’s stock, valued at $86,320. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.30% of the company’s stock.

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.