Pendleton P. Jr. White Acquires 5,000 Shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM) Stock

Plymouth Industrial REIT, Inc. (NYSE:PLYM) Director Pendleton P. Jr. White acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were acquired at an average price of $18.39 per share, with a total value of $91,950.00. Following the acquisition, the director now owns 5,000 shares in the company, valued at $91,950. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Plymouth Industrial REIT Trading Up 1.2 %

Shares of NYSE:PLYM opened at $18.58 on Wednesday. The company has a market capitalization of $843.10 million, a PE ratio of 928.75, a P/E/G ratio of 1.43 and a beta of 1.37. 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, Inc. has a 12-month low of $18.08 and a 12-month high of $25.55. The business’s fifty day simple moving average is $21.36 and its 200-day simple moving average is $21.95.

Plymouth Industrial REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were issued a $0.24 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.96 dividend on an annualized basis and a yield of 5.17%. Plymouth Industrial REIT’s dividend payout ratio is presently 4,800.00%.

Institutional Trading of Plymouth Industrial REIT

Institutional investors have recently modified their holdings of the company. Quarry LP lifted its position in Plymouth Industrial REIT by 88.4% during the third quarter. Quarry LP now owns 1,833 shares of the company’s stock valued at $41,000 after acquiring an additional 860 shares during the last quarter. Copeland Capital Management LLC acquired a new position in shares of Plymouth Industrial REIT during the third quarter worth $43,000. Loomis Sayles & Co. L P lifted its holdings in shares of Plymouth Industrial REIT by 3,130.6% during the 3rd quarter. Loomis Sayles & Co. L P now owns 2,003 shares of the company’s stock valued at $45,000 after purchasing an additional 1,941 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Plymouth Industrial REIT in the 3rd quarter worth $46,000. Finally, EntryPoint Capital LLC grew its stake in Plymouth Industrial REIT by 33.9% during the 1st quarter. EntryPoint Capital LLC now owns 4,997 shares of the company’s stock worth $112,000 after buying an additional 1,266 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PLYM has been the topic of a number of research analyst reports. Truist Financial upped their price target on shares of Plymouth Industrial REIT from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. JMP Securities restated a “market outperform” rating and issued a $27.00 target price on shares of Plymouth Industrial REIT in a research note on Wednesday, August 28th. Robert W. Baird decreased their price target on shares of Plymouth Industrial REIT from $26.00 to $25.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. Wedbush increased their price objective on Plymouth Industrial REIT from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Finally, BMO Capital Markets decreased their target price on Plymouth Industrial REIT from $26.00 to $25.00 and set a “market perform” rating for the company in a research report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Plymouth Industrial REIT presently has an average rating of “Hold” and an average price target of $24.89.

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.