Plymouth Industrial REIT, Inc. (NYSE:PLYM) Shares Sold by Macquarie Group Ltd.

Macquarie Group Ltd. decreased its position in shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM) by 0.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 122,778 shares of the company’s stock after selling 860 shares during the quarter. Macquarie Group Ltd. owned 0.29% of Plymouth Industrial REIT worth $2,580,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of PLYM. Callodine Capital Management LP lifted its holdings in Plymouth Industrial REIT by 107.0% in the first quarter. Callodine Capital Management LP now owns 62,099 shares of the company’s stock valued at $1,305,000 after acquiring an additional 32,099 shares during the period. Foster & Motley Inc. raised its stake in shares of Plymouth Industrial REIT by 69.1% during the 1st quarter. Foster & Motley Inc. now owns 98,456 shares of the company’s stock worth $2,069,000 after buying an additional 40,234 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Plymouth Industrial REIT by 2.9% during the 1st quarter. State of Alaska Department of Revenue now owns 19,509 shares of the company’s stock worth $409,000 after buying an additional 558 shares during the period. Ziegler Capital Management LLC raised its stake in shares of Plymouth Industrial REIT by 2.5% during the 1st quarter. Ziegler Capital Management LLC now owns 303,368 shares of the company’s stock worth $6,373,000 after buying an additional 7,434 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Plymouth Industrial REIT by 10.7% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 47,156 shares of the company’s stock worth $991,000 after buying an additional 4,541 shares during the period. Institutional investors and hedge funds own 92.67% of the company’s stock.

Plymouth Industrial REIT Stock Performance

NYSE PLYM opened at $22.10 on Tuesday. The stock has a market cap of $978.15 million, a PE ratio of -46.04, a P/E/G ratio of 1.76 and a beta of 1.35. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 1.85. Plymouth Industrial REIT, Inc. has a twelve month low of $15.59 and a twelve month high of $23.79. The stock has a fifty day simple moving average of $22.67 and a 200-day simple moving average of $21.82.

Plymouth Industrial REIT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, September 29th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 4.07%. The ex-dividend date is Thursday, September 28th. Plymouth Industrial REIT’s payout ratio is -187.50%.

Wall Street Analyst Weigh In

PLYM has been the subject of several research reports. Truist Financial boosted their price target on Plymouth Industrial REIT from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, August 11th. B. Riley boosted their price target on Plymouth Industrial REIT from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday, August 14th.

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.