UBS Group AG Increases Stock Position in Plymouth Industrial REIT, Inc. (NYSE:PLYM)

UBS Group AG lifted its stake in Plymouth Industrial REIT, Inc. (NYSE:PLYM – Get Rating) by 22.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 223,098 shares of the company’s stock after purchasing an additional 41,004 shares during the period. UBS Group AG owned 0.52% of Plymouth Industrial REIT worth $3,750,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Boston Partners lifted its holdings in shares of Plymouth Industrial REIT by 1.1% in the third quarter. Boston Partners now owns 57,553 shares of the company’s stock worth $967,000 after buying an additional 633 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Plymouth Industrial REIT by 5.4% in the third quarter. State of Alaska Department of Revenue now owns 18,725 shares of the company’s stock worth $314,000 after purchasing an additional 955 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Plymouth Industrial REIT by 1.0% in the second quarter. Envestnet Asset Management Inc. now owns 118,706 shares of the company’s stock worth $2,082,000 after acquiring an additional 1,182 shares during the period. Legal & General Group Plc lifted its stake in Plymouth Industrial REIT by 14.5% in the second quarter. Legal & General Group Plc now owns 12,065 shares of the company’s stock worth $212,000 after acquiring an additional 1,530 shares during the period. Finally, Rhumbline Advisers lifted its position in shares of Plymouth Industrial REIT by 4.0% during the first quarter. Rhumbline Advisers now owns 45,818 shares of the company’s stock valued at $1,242,000 after buying an additional 1,743 shares during the last quarter. 94.67% of the stock is owned by hedge funds and other institutional investors.

Plymouth Industrial REIT Price Performance

Shares of NYSE PLYM opened at $22.30 on Friday. The firm has a market cap of $959.57 million, a PE ratio of -32.79, a price-to-earnings-growth ratio of 1.67 and a beta of 1.35. The business has a 50 day moving average price of $20.97 and a two-hundred day moving average price of $19.89. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 1.76. Plymouth Industrial REIT, Inc. has a fifty-two week low of $15.59 and a fifty-two week high of $27.64.

Plymouth Industrial REIT Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 28th. Stockholders of record on Friday, March 31st will be issued a dividend of $0.225 per share. This is an increase from Plymouth Industrial REIT’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.04%. Plymouth Industrial REIT’s payout ratio is currently -129.41%.

Analyst Ratings Changes

Several brokerages recently commented on PLYM. Truist Financial increased their price objective on shares of Plymouth Industrial REIT from $23.00 to $25.00 in a research report on Monday. B. Riley raised their price objective on Plymouth Industrial REIT from $25.00 to $26.00 and gave the company a “buy” rating in a report on Tuesday.

About Plymouth Industrial REIT

(Get Rating)

Plymouth Industrial REIT, Inc engages in the acquisition, ownership, and management of single and multi-tenant distribution centers, warehouses, and light industrial properties. It seeks to acquire properties that provide income and growth, and enhance shareholder value through active asset management, prudent property re-positioning, and disciplined capital deployment.