Plymouth Industrial REIT, Inc. (NYSE:PLYM) Short Interest Down 16.0% in February

Plymouth Industrial REIT, Inc. (NYSE:PLYM) was the target of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 699,000 shares, a decline of 16.0% from the January 31st total of 832,000 shares. Based on an average trading volume of 323,800 shares, the short-interest ratio is presently 2.2 days.

Plymouth Industrial REIT Stock Down 0.1 %

Shares of PLYM traded down $0.02 on Wednesday, reaching $17.29. The company’s stock had a trading volume of 194,994 shares, compared to its average volume of 335,601. The stock has a market capitalization of $784.55 million, a PE ratio of 865.75 and a beta of 1.33. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 1.42. Plymouth Industrial REIT has a twelve month low of $16.06 and a twelve month high of $24.71. The firm has a fifty day moving average of $16.94 and a 200-day moving average of $19.60.

Plymouth Industrial REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were paid a $0.24 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.96 annualized dividend and a yield of 5.55%. Plymouth Industrial REIT’s dividend payout ratio (DPR) is 31.37%.

Hedge Funds Weigh In On Plymouth Industrial REIT

Hedge funds and other institutional investors have recently modified their holdings of the business. Quarry LP grew its stake in Plymouth Industrial REIT by 88.4% in the 3rd quarter. Quarry LP now owns 1,833 shares of the company’s stock valued at $41,000 after purchasing an additional 860 shares during the period. Loomis Sayles & Co. L P boosted its holdings in shares of Plymouth Industrial REIT by 3,130.6% in the 3rd quarter. Loomis Sayles & Co. L P now owns 2,003 shares of the company’s stock worth $45,000 after buying an additional 1,941 shares during the last quarter. Point72 DIFC Ltd bought a new position in Plymouth Industrial REIT during the third quarter valued at about $46,000. Quadrant Capital Group LLC increased its holdings 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 worth $54,000 after buying an additional 844 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in Plymouth Industrial REIT in the third quarter worth about $123,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on PLYM. JMP Securities reissued a “market outperform” rating and set a $27.00 price target on shares of Plymouth Industrial REIT in a research note on Tuesday, January 14th. BNP Paribas lowered shares of Plymouth Industrial REIT from an “outperform” rating to a “neutral” rating and set a $23.00 target price on the stock. in a report on Friday, November 8th. Robert W. Baird decreased their price target on shares of Plymouth Industrial REIT from $21.00 to $20.00 and set an “outperform” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. cut 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 report on Tuesday, January 14th. Finally, Barclays decreased their price objective on Plymouth Industrial REIT from $25.00 to $22.00 and set an “equal weight” rating for the company in a report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $23.33.

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.