Plymouth Industrial REIT, Inc. (NYSE:PLYM) Shares Acquired by Graham Capital Management L.P.

Graham Capital Management L.P. increased its stake in shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM) by 52.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,100 shares of the company’s stock after purchasing an additional 6,192 shares during the quarter. Graham Capital Management L.P.’s holdings in Plymouth Industrial REIT were worth $322,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Pinebridge Investments L.P. boosted its holdings in shares of Plymouth Industrial REIT by 4.3% during the fourth quarter. Pinebridge Investments L.P. now owns 18,688 shares of the company’s stock worth $333,000 after purchasing an additional 773 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in Plymouth Industrial REIT by 38.1% in the 4th 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 during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in Plymouth Industrial REIT by 2.4% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 41,353 shares of the company’s stock valued at $736,000 after buying an additional 952 shares during the period. Rhumbline Advisers increased its stake in shares of Plymouth Industrial REIT by 1.4% during the 4th quarter. Rhumbline Advisers now owns 73,529 shares of the company’s stock valued at $1,309,000 after acquiring an additional 1,010 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its holdings in shares of Plymouth Industrial REIT by 1.5% during the 4th quarter. Meeder Asset Management Inc. now owns 71,087 shares of the company’s stock worth $1,265,000 after acquiring an additional 1,063 shares during the period. Institutional investors and hedge funds own 92.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Barclays dropped their price target 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. KeyCorp cut their target price on Plymouth Industrial REIT from $23.00 to $18.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Truist Financial reduced their target price on Plymouth Industrial REIT from $20.00 to $18.00 and set a “hold” rating on the stock in a report on Monday, March 24th. Wedbush set a $17.00 price objective on Plymouth Industrial REIT in a report on Friday, February 28th. Finally, Robert W. Baird reduced their price objective on Plymouth Industrial REIT from $20.00 to $19.00 and set an “outperform” rating on the stock in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $21.10.

Plymouth Industrial REIT Price Performance

Shares of NYSE PLYM opened at $16.54 on Friday. 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 market capitalization of $753.55 million, a price-to-earnings ratio of 827.20 and a beta of 1.11. The business has a 50-day moving average of $15.53 and a 200-day moving average of $17.02.

Plymouth Industrial REIT (NYSE:PLYM) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). Plymouth Industrial REIT had a return on equity of 0.20% and a net margin of 0.46%. The company had revenue of $45.57 million during the quarter, compared to analysts’ expectations of $47.69 million. On average, equities analysts anticipate that Plymouth Industrial REIT, Inc. will post 1.83 EPS for the current fiscal year.

Plymouth Industrial REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 5.80%. The ex-dividend date of this dividend was Monday, March 31st. Plymouth Industrial REIT’s payout ratio is 31.48%.

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.