2 weeks Ago By ABMN Staff
JPMorgan Chase & Co. lifted its holdings in shares of Plymouth Industrial REIT, Inc. ( NYSE:PLYM – Free Report ) by 1.
7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 906,149 shares of the company’s stock after acquiring an additional 15,496 shares during the period. JPMorgan Chase & Co.
owned approximately 2.00% of Plymouth Industrial REIT worth $16,129,000 at the end of the most recent reporting period. A number of other institutional investors and hedge funds also recently made changes to their positions in PLYM.
Thompson Siegel & Walmsley LLC acquired a new position in Plymouth Industrial REIT during the 4th quarter valued at about $7,443,000. Adams Asset Advisors LLC purchased a new position in shares of Plymouth Industrial REIT during the fourth quarter valued at approximately $1,068,000. Jane Street Group LLC grew its holdings in Plymouth Industrial REIT by 122.
0% during the third quarter. Jane Street Group LLC now owns 94,991 shares of the company’s stock worth $2,147,000 after buying an additional 52,197 shares in the last quarter. Barclays PLC raised its position in Plymouth Industrial REIT by 321.
2% in the 3rd quarter. Barclays PLC now owns 63,101 shares of the company’s stock valued at $1,426,000 after buying an additional 48,119 shares during the last quarter. Finally, Globeflex Capital L P lifted its stake in Plymouth Industrial REIT by 33.
9% during the 4th quarter. Globeflex Capital L P now owns 176,482 shares of the company’s stock valued at $3,141,000 after acquiring an additional 44,680 shares in the last quarter. Institutional investors and hedge funds own 92.
67% of the company’s stock. Analysts Set New Price Targets PLYM has been the subject of several recent analyst reports. Robert W.
Baird reduced their target price on shares of Plymouth Industrial REIT from $21.00 to $20.00 and set an “outperform” rating for the company in a research note on Wednesday, March 5th.
Barclays reduced their price objective 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.
Wedbush set a $17.00 target price on shares of Plymouth Industrial REIT in a research report on Friday, February 28th. JMP Securities reaffirmed a “market outperform” rating and issued a $27.
00 target price on shares of Plymouth Industrial REIT in a report on Tuesday, January 14th. Finally, KeyCorp dropped their price target on Plymouth Industrial REIT from $23.00 to $18.
00 and set an “overweight” rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.
com, the company currently has an average rating of “Hold” and an average target price of $21.20. Plymouth Industrial REIT Stock Performance Shares of PLYM opened at $14.
05 on Friday. Plymouth Industrial REIT, Inc. has a 1 year low of $12.
70 and a 1 year 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’s fifty day moving average price is $16.32 and its two-hundred day moving average price is $18.13.
The firm has a market cap of $639.95 million, a PE ratio of 702.45 and a beta of 1.
19. Plymouth Industrial REIT Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.
24 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.
96 annualized dividend and a dividend yield of 6.83%. Plymouth Industrial REIT’s payout ratio is 31.
37%. Plymouth Industrial REIT Company Profile ( Free Report ) 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.
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