11,063 Shares in Plymouth Industrial REIT, Inc. (NYSE:PLYM) Acquired by Dupont Capital Management Corp

Dupont Capital Management Corp acquired a new position in shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM – Get Rating) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 11,063 shares of the company’s stock, valued at approximately $186,000.

Other hedge funds have also recently made changes to their positions in the company. Copeland Capital Management LLC purchased a new position in shares of Plymouth Industrial REIT during the 3rd quarter worth approximately $29,000. Harel Insurance Investments & Financial Services Ltd. boosted its position in Plymouth Industrial REIT by 63.9% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,000 shares of the company’s stock valued at $35,000 after buying an additional 780 shares during the period. US Bancorp DE boosted its position in Plymouth Industrial REIT by 2,337.4% in the 3rd quarter. US Bancorp DE now owns 2,608 shares of the company’s stock valued at $44,000 after buying an additional 2,501 shares during the period. Captrust Financial Advisors purchased a new position in Plymouth Industrial REIT in the 2nd quarter valued at approximately $60,000. Finally, Amalgamated Bank purchased a new position in Plymouth Industrial REIT in the 1st quarter valued at approximately $102,000. Hedge funds and other institutional investors own 94.67% of the company’s stock.

Plymouth Industrial REIT Stock Up 0.1 %

Shares of NYSE:PLYM opened at $20.90 on Tuesday. The company’s fifty day moving average price is $19.89 and its 200 day moving average price is $19.19. Plymouth Industrial REIT, Inc. has a 12 month low of $15.59 and a 12 month high of $29.32. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 1.71.

Plymouth Industrial REIT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, December 30th will be paid a dividend of $0.22 per share. The ex-dividend date is Thursday, December 29th. This represents a $0.88 annualized dividend and a yield of 4.21%. Plymouth Industrial REIT’s dividend payout ratio is currently -110.00%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial raised their price objective on shares of Plymouth Industrial REIT from $20.00 to $23.00 in a report on Friday, November 11th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $26.75.

About Plymouth Industrial REIT

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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.