Envestnet Asset Management Inc. Buys 1,182 Shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM)

Envestnet Asset Management Inc. increased its stake in shares of Plymouth Industrial REIT, Inc. (NYSE:PLYMGet Rating) by 1.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 118,706 shares of the company’s stock after acquiring an additional 1,182 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.30% of Plymouth Industrial REIT worth $2,082,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Jennison Associates LLC boosted its stake in Plymouth Industrial REIT by 2.7% during the second quarter. Jennison Associates LLC now owns 1,014,433 shares of the company’s stock worth $17,793,000 after acquiring an additional 26,836 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Plymouth Industrial REIT by 8.7% in the second quarter. Victory Capital Management Inc. now owns 98,186 shares of the company’s stock valued at $1,722,000 after buying an additional 7,854 shares in the last quarter. Garner Asset Management Corp lifted its stake in shares of Plymouth Industrial REIT by 3.7% in the second quarter. Garner Asset Management Corp now owns 41,620 shares of the company’s stock valued at $1,057,000 after buying an additional 1,501 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of Plymouth Industrial REIT by 13.4% in the second quarter. Asset Management One Co. Ltd. now owns 58,505 shares of the company’s stock valued at $1,026,000 after buying an additional 6,898 shares in the last quarter. Finally, Versor Investments LP bought a new position in shares of Plymouth Industrial REIT in the second quarter valued at $344,000. 96.69% of the stock is owned by institutional investors.

Plymouth Industrial REIT Stock Up 2.0 %

PLYM opened at $20.20 on Friday. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.25 and a quick ratio of 0.25. The company’s 50-day moving average is $18.41 and its 200 day moving average is $19.16. Plymouth Industrial REIT, Inc. has a fifty-two week low of $15.59 and a fifty-two week high of $32.37. The firm has a market capitalization of $865.55 million, a P/E ratio of -25.25, a PEG ratio of 1.57 and a beta of 1.28.

Plymouth Industrial REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Friday, September 30th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date was Thursday, September 29th. Plymouth Industrial REIT’s payout ratio is currently -110.00%.

Analyst Upgrades and Downgrades

Separately, Truist Financial raised their price objective on shares of Plymouth Industrial REIT from $20.00 to $23.00 in a research note on Friday, November 11th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $27.80.

Plymouth Industrial REIT Profile

(Get Rating)

Plymouth Industrial REIT, Inc is a vertically integrated and self-managed real estate investment trust focused on the acquisition and operation of single and multi-tenant industrial properties located in secondary and select primary markets across the United States. The Company seeks to acquire properties that provide income and growth that enable the Company to leverage its real estate operating expertise to enhance shareholder value through active asset management, prudent property re-positioning and disciplined capital deployment.

Featured Stories

Institutional Ownership by Quarter for Plymouth Industrial REIT (NYSE:PLYM)

Receive News & Ratings for Plymouth Industrial REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plymouth Industrial REIT and related companies with MarketBeat.com's FREE daily email newsletter.