Plymouth Industrial REIT, Inc. (NYSE:PLYM) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its holdings in shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM) by 18.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 12,389 shares of the company’s stock after selling 2,736 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Plymouth Industrial REIT were worth $283,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PLYM. Copeland Capital Management LLC acquired a new stake in shares of Plymouth Industrial REIT during the third quarter worth $43,000. EntryPoint Capital LLC raised its stake in Plymouth Industrial REIT by 33.9% in the 1st quarter. EntryPoint Capital LLC now owns 4,997 shares of the company’s stock worth $112,000 after acquiring an additional 1,266 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new stake in Plymouth Industrial REIT during the 3rd quarter worth about $202,000. SG Americas Securities LLC purchased a new stake in Plymouth Industrial REIT during the 3rd quarter valued at about $204,000. Finally, Blue Trust Inc. acquired a new position in shares of Plymouth Industrial REIT in the second quarter valued at about $207,000. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Plymouth Industrial REIT Stock Up 4.9 %

PLYM stock opened at $21.30 on Thursday. Plymouth Industrial REIT, Inc. has a one year low of $19.84 and a one year high of $25.55. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.16 and a current ratio of 0.16. The firm’s fifty day moving average is $22.11 and its 200 day moving average is $22.03. The firm has a market cap of $966.93 million, a PE ratio of 39.44, a P/E/G ratio of 1.53 and a beta of 1.37.

Plymouth Industrial REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date of this dividend was Monday, September 30th. Plymouth Industrial REIT’s dividend payout ratio (DPR) is presently 177.78%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on PLYM shares. Barclays upped their target price on Plymouth Industrial REIT from $22.00 to $25.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 14th. B. Riley upped their price objective on shares of Plymouth Industrial REIT from $26.00 to $27.00 and gave the company a “buy” rating in a report on Monday, August 5th. Truist Financial raised their target price 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. JPMorgan Chase & Co. lowered their price target on shares of Plymouth Industrial REIT from $24.00 to $23.00 and set an “underweight” rating on the stock in a report on Wednesday, July 10th. Finally, BMO Capital Markets cut their price target on Plymouth Industrial REIT from $26.00 to $25.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $25.57.

Insider Activity at Plymouth Industrial REIT

In other Plymouth Industrial REIT news, major shareholder Mirelf Vi Reit Investments Iv, sold 563,438 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $23.58, for a total transaction of $13,285,868.04. Following the transaction, the insider now owns 4,474,292 shares in the company, valued at approximately $105,503,805.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is owned by company insiders.

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.