Plymouth Industrial REIT (NYSE:PLYM) Given New $20.00 Price Target at Robert W. Baird

Plymouth Industrial REIT (NYSE:PLYM) had its target price decreased by Robert W. Baird from $21.00 to $20.00 in a research note issued to investors on Wednesday,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

PLYM has been the topic of several other reports. JMP Securities restated a “market outperform” rating and issued a $27.00 target price on shares of Plymouth Industrial REIT in a research report on Tuesday, January 14th. Truist Financial cut Plymouth Industrial REIT from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. Barclays lowered their target price on Plymouth Industrial REIT from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Monday, November 18th. BNP Paribas cut Plymouth Industrial REIT from an “outperform” rating to a “neutral” rating and set a $23.00 price target on the stock. in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. lowered their price target on 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 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.com, the stock has an average rating of “Hold” and a consensus price target of $23.33.

Plymouth Industrial REIT Stock Down 0.3 %

PLYM opened at $17.25 on Wednesday. Plymouth Industrial REIT has a 12 month low of $16.06 and a 12 month high of $24.71. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.12 and a quick ratio of 0.12. The stock has a market cap of $782.91 million, a P/E ratio of 862.45 and a beta of 1.45. The stock’s 50 day moving average price is $16.92 and its 200 day moving average price is $19.58.

Plymouth Industrial REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 5.57%. The ex-dividend date was Tuesday, December 31st. Plymouth Industrial REIT’s dividend payout ratio is presently 31.37%.

Institutional Investors Weigh In On Plymouth Industrial REIT

Several large investors have recently modified their holdings of PLYM. Westwood Holdings Group Inc. boosted its stake in shares of Plymouth Industrial REIT by 33.0% during the 4th quarter. Westwood Holdings Group Inc. now owns 3,631,111 shares of the company’s stock worth $64,634,000 after acquiring an additional 901,251 shares in the last quarter. Mesirow Institutional Investment Management Inc. bought a new stake in shares of Plymouth Industrial REIT during the 4th quarter worth $10,433,000. Adage Capital Partners GP L.L.C. bought a new stake in shares of Plymouth Industrial REIT during the 4th quarter worth $9,612,000. Thompson Siegel & Walmsley LLC bought a new stake in shares of Plymouth Industrial REIT during the 4th quarter worth $7,443,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Plymouth Industrial REIT by 24.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 910,751 shares of the company’s stock worth $20,583,000 after acquiring an additional 180,003 shares in the last quarter. 92.67% of the stock is owned by institutional investors.

About Plymouth Industrial REIT

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.