Daiwa Securities Group Inc. Has $262,000 Stake in Plymouth Industrial REIT, Inc. (NYSE:PLYM)

Daiwa Securities Group Inc. trimmed its holdings in shares of Plymouth Industrial REIT, Inc. (NYSE:PLYM) by 5.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,899 shares of the company’s stock after selling 577 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Plymouth Industrial REIT were worth $262,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. International Assets Investment Management LLC boosted its holdings in Plymouth Industrial REIT by 2,306.3% during the fourth quarter. International Assets Investment Management LLC now owns 1,155 shares of the company’s stock valued at $28,000 after acquiring an additional 1,107 shares during the period. Spirit of America Management Corp NY bought a new stake in Plymouth Industrial REIT during the third quarter valued at about $31,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Plymouth Industrial REIT by 35.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,559 shares of the company’s stock valued at $221,000 after acquiring an additional 2,762 shares during the period. SG Americas Securities LLC bought a new stake in Plymouth Industrial REIT during the third quarter valued at about $390,000. Finally, Teacher Retirement System of Texas boosted its holdings in Plymouth Industrial REIT by 34.3% during the third quarter. Teacher Retirement System of Texas now owns 20,089 shares of the company’s stock valued at $421,000 after acquiring an additional 5,135 shares during the period. 92.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Plymouth Industrial REIT news, Director Pendleton P. White purchased 4,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was purchased at an average price of $21.58 per share, with a total value of $86,320.00. Following the completion of the transaction, the director now directly owns 4,000 shares of the company’s stock, valued at approximately $86,320. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.30% of the company’s stock.

Plymouth Industrial REIT Stock Up 0.5 %

NYSE PLYM opened at $20.76 on Friday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.11 and a current ratio of 0.11. The firm has a 50-day simple moving average of $21.54 and a 200 day simple moving average of $21.98. Plymouth Industrial REIT, Inc. has a twelve month low of $19.21 and a twelve month high of $25.55. The stock has a market cap of $942.13 million, a PE ratio of 109.26, a PEG ratio of 1.56 and a beta of 1.36.

Plymouth Industrial REIT Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 4.62%. The ex-dividend date is Wednesday, March 27th. This is a positive change from Plymouth Industrial REIT’s previous quarterly dividend of $0.23. Plymouth Industrial REIT’s dividend payout ratio is 505.26%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on PLYM shares. JMP Securities upgraded shares of Plymouth Industrial REIT from a “market perform” rating to an “outperform” rating and set a $27.00 price target for the company in a report on Monday, January 22nd. Barclays began coverage on shares of Plymouth Industrial REIT in a research note on Wednesday, March 27th. They issued an “equal weight” rating and a $22.00 target price for the company. Finally, Truist Financial reduced their target price on shares of Plymouth Industrial REIT from $26.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $25.00.

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.