Plymouth Industrial REIT, Inc. (NYSE:PLYM) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. reduced its stake in Plymouth Industrial REIT, Inc. (NYSE:PLYM) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,956 shares of the company’s stock after selling 1,383 shares during the period. D.A. Davidson & CO. owned approximately 0.13% of Plymouth Industrial REIT worth $1,032,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its holdings in 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 purchasing an additional 180,003 shares during the period. Jennison Associates LLC grew its position in shares of Plymouth Industrial REIT by 4.1% during the third quarter. Jennison Associates LLC now owns 4,401,384 shares of the company’s stock worth $99,471,000 after buying an additional 174,836 shares in the last quarter. Foundry Partners LLC purchased a new stake in shares of Plymouth Industrial REIT during the third quarter worth approximately $3,725,000. JPMorgan Chase & Co. raised its holdings in Plymouth Industrial REIT by 8.1% in the third quarter. JPMorgan Chase & Co. now owns 890,653 shares of the company’s stock valued at $20,129,000 after acquiring an additional 66,886 shares in the last quarter. Finally, Adams Asset Advisors LLC acquired a new stake in Plymouth Industrial REIT in the fourth quarter valued at approximately $1,068,000. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Plymouth Industrial REIT Stock Down 0.8 %

Plymouth Industrial REIT stock opened at $16.44 on Monday. The company has a market capitalization of $745.98 million, a P/E ratio of 821.75 and a beta of 1.33. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.12 and a current ratio of 0.12. Plymouth Industrial REIT, Inc. has a fifty-two week low of $16.20 and a fifty-two week high of $24.71. The stock has a 50-day simple moving average of $17.12 and a 200-day simple moving average of $19.92.

Plymouth Industrial REIT Dividend Announcement

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. This represents a $0.96 dividend on an annualized basis and a yield of 5.84%. The ex-dividend date was Tuesday, December 31st. Plymouth Industrial REIT’s dividend payout ratio is currently 4,800.00%.

Wall Street Analyst Weigh In

Several research firms have commented on PLYM. Robert W. Baird dropped their price objective on shares of Plymouth Industrial REIT from $26.00 to $25.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. JMP Securities reiterated a “market outperform” rating and set a $27.00 target price on shares of Plymouth Industrial REIT in a research note on Tuesday, January 14th. 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 note on Friday, November 8th. Truist Financial cut Plymouth Industrial REIT from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. Finally, Barclays cut 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Plymouth Industrial REIT has a consensus rating of “Hold” and a consensus price target of $23.89.

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.