Nisa Investment Advisors LLC Reduces Stake in Plymouth Industrial REIT, Inc. (NYSE:PLYM)

Nisa Investment Advisors LLC trimmed its position in shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM) by 10.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,076 shares of the company’s stock after selling 1,313 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Plymouth Industrial REIT were worth $200,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PLYM. Thrivent Financial for Lutherans boosted its position in shares of Plymouth Industrial REIT by 6.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 455,092 shares of the company’s stock worth $10,285,000 after buying an additional 27,463 shares in the last quarter. Barclays PLC increased its position in Plymouth Industrial REIT by 321.2% during the third quarter. Barclays PLC now owns 63,101 shares of the company’s stock worth $1,426,000 after buying an additional 48,119 shares in the last quarter. Foundry Partners LLC acquired a new position in shares of Plymouth Industrial REIT in the third quarter worth $3,725,000. Geode Capital Management LLC raised its holdings in shares of Plymouth Industrial REIT by 2.9% in the third quarter. Geode Capital Management LLC now owns 1,047,832 shares of the company’s stock worth $23,685,000 after acquiring an additional 29,924 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Plymouth Industrial REIT by 137.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 67,201 shares of the company’s stock valued at $1,519,000 after acquiring an additional 38,850 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on PLYM shares. BNP Paribas cut Plymouth Industrial REIT from an “outperform” rating to a “neutral” rating and set a $23.00 price objective on the stock. in a report on Friday, November 8th. Barclays dropped their price objective on shares of Plymouth Industrial REIT from $25.00 to $22.00 and set an “equal weight” rating for the company in a research note on Monday, November 18th. JMP Securities reissued a “market outperform” rating and set a $27.00 price objective on shares of Plymouth Industrial REIT in a research note on Tuesday, January 14th. Truist Financial downgraded shares of Plymouth Industrial REIT from a “buy” rating to a “hold” rating in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Plymouth Industrial REIT from $20.00 to $19.00 and set an “underweight” rating for the company in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $23.89.

Insider Activity

In related news, CEO Jeffrey E. Witherell bought 2,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were bought at an average cost of $18.49 per share, for a total transaction of $36,980.00. Following the completion of the purchase, the chief executive officer now owns 252,248 shares of the company’s stock, valued at $4,664,065.52. This represents a 0.80 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Pendleton P. Jr. White purchased 5,000 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were acquired at an average cost of $18.39 per share, for a total transaction of $91,950.00. Following the acquisition, the director now owns 5,000 shares of the company’s stock, valued at approximately $91,950. The trade was a ? increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.40% of the company’s stock.

Plymouth Industrial REIT Trading Down 1.4 %

NYSE:PLYM opened at $16.65 on Thursday. The business’s 50-day simple moving average is $17.85 and its 200 day simple moving average is $20.80. Plymouth Industrial REIT, Inc. has a one year low of $16.37 and a one year high of $24.71. The stock has a market cap of $755.88 million, a price-to-earnings ratio of 832.65 and a beta of 1.34. 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 5.76%. The ex-dividend date of this dividend is Tuesday, December 31st. Plymouth Industrial REIT’s payout ratio is currently 4,800.00%.

Plymouth Industrial REIT Company Profile

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.